3 Ways to Tell If You’re Being Paid What You’re Worth
According to data published on Net Temps, a job search site, seven out of ten employees feel their pay is not linked to their performance. Most employees feel their work excels above the average worker, and that they are not adequately paid compared to other employees. Of course mathematically, it is impossible for every employee to perform above average, there must be a distribution, with types of employees ranging from the subpar to exceptional.
Pay has a large impact on your performance and job satisfaction. The University of Rhode Island, in its evaluation of job satisfaction, discusses pay as part of a reward inducement system. You develop certain presumptions regarding pay and when you feel your compensation matches your value, you generally feel satisfied in that regard. Of course, several other factors — like feedback, interoffice communication, and the nature of daily operations — play into your job satisfaction and performance as well. But pay is a prime motivator.
Having wind of this, many employers ask about salary expectations prior to hiring for a position. In spite of the salary expectation question that comes at some point during most interviews, an AOL report indicates 50 percent of workers reported they were underpaid in 2013. Perhaps this is due to pay cuts, insufficient or infrequent salary increases, or a workers simply being under-informed of the job’s requirements.
Whatever the reason, with so many workers in seemingly in the same boat, how can you tell if your pay is not at the level it should be? Here are a few ways.