S is for Salary: How to Find Your Worth
Have you ever wondered whether you are being fairly paid? At some point in our careers, we have all wondered this phenomenon. However, most of us don’t know how to check whether this is true or not.
If you believe you are underpaid and want to do some research before negotiating a raise with your boss, here are some resources to help you find your worth.
Know Your Worth
You need to do a little research to get an idea of what you’re worth. Glassdoor’s Know Your Worth tool is a great place to start. This tool is a personalized calculator that provides a custom salary estimate based on the following details:
- Your job title
- The type of company you work for
- Your location
- And your years of experience
The best part of this Glassdoor tool is that it will reveal your market value and how it has trended over time. It will also help you know how your value compares with similar workers in the same industry.
If you punch all your information into the tool and you find that you are significantly underpaid, this will be a great first step in your negotiation process.
Don’t worry about awkwardly asking your peers what they make to get an idea of what you’re worth. Similar to the Know Your Worth tool, Salary.com has a tool called Salary Wizard, which offers pay ranges with over 4,000 different job titles in just about every industry.
This tool establishes a range of what you could be worth, and ultimately, what you should ask for in your next salary negotiations!
Self-Assess Your Experience
You need to reflect on your professional experience and see how far you’ve come from your first day on the job to today. Make a list of the things you’ve accomplished and briefly explain how they’ve helped progress your career and how they’ve benefited the companies you’ve worked for.
If you’ve completed extra classes to help improve your skills at work, helped cut expenses for your department, or even just have spent years doing volunteer work that makes you a better person, these are all things to help you calculate your value.
Everyone has unique experiences and they should be factored into your evaluation of your worth. Sure, calculators and other tools (like the ones discussed above) can give you an idea of what you are worth; however, you’re the one who ultimately evaluates your personal worth.
At the end of the day, all these factors contribute to your worth!