More than 80% of
workers who feel they're underpaid actually are not, according to a new
survey
of 13,592 people released by Salary.com. Instead, they are either overpaid,
fairly paid or holding job titles that don't match the work they do. "Many
people think the job title is the be-all, end-all of what defines a job's
value," says Bill Coleman, an executive at Salary.com. "Titles are essentially
worthless." To get a sense of how much you should be paid, he recommends
collecting salary data from a variety of sources, including salary surveys,
co-workers and industry associations.
WHAT TO DO:
Calculate your worth using our
salary search tool
and review
salaries
by industry. Before accepting a new job,
compare
all components of the offer with your current package. Consider these
three tips
on negotiating a better pay package, and check out this
list
of recommended reading on negotiating tactics.
Read
about why hiring a pay expert could help you secure a better deal.
Are You Fairly Paid?
Salary.com analyzed salary data on people in a recent survey who said
they plan to change jobs in the next three months because they are
underpaid.
|
FAIR PAY? |
% OF RESPONDENTS |
|
Overpaid |
17.4% |
|
Paid at Market Rate |
34.2% |
|
Underpaid |
18.7% |
|
Likely Overtitled |
29.6% |
|
Source: Salary.com |