What Am I Worth?
Whether you are looking for a job, or wondering if your current job is paying you enough, it is always good to research pay ranges and figure out what you are worth. There are some great websites to start you off, but there are many factors to consider. Take the time to find out now.
To begin, use some online resources for a basic idea of what your salary should be. Payscale.com, Salary.com and Glassdoor.com are all good starting points for this research. Salary.com and Payscale.com focus on pay comparisons, while glassdoor.com also has other job resources.
Most of these websites will give you a salary range, or an ‘average’ pay, based on the job title, role, and location. Keep in mind that if it is an average, you could be well above or below that figure. If you live in an expensive city, the pay will usually be substantially hirer than in other locales.
You may not find an exact fit for your job title, so find the closest job you can. Consider your experience and education as well. Someone just out of college would not normally be at the same pay level as a worker with years of experience.
Glassdoor.com has reviews of companies, as well, so if you are looking to make a career move, be sure to check that out. Even in the same city, the pay for a specific job can vary, depending on the company. Use LinkedIn to find people employed by a company you are considering.
Do consider benefits in your overall compensation number. If you have about the same salary at two companies, but one has better insurance, or just more vacation time, you need to take all of these aspects of compensation into consideration. Also, you have to think about what is most important to you. Is the money your top motivation, or do you need flexible hours and lots of time off?
Be careful when talking to coworkers about pay. Find a mentor or someone you can trust, and have a conversation with them. You should generally be able to get a pay range from your boss or HR department, but it is still a tricky subject to broach with others. If you can get some of this information, it can definitely help if you want to ask for a raise, or just compare other jobs out there.
Make sure to also factor in any special training or skills you have. If you have had a great success rate or worked on a big project, let others know what you have done when you are negotiating a salary. You are an individual and want to be looked at for your worth, not just an average number.
Researching your worth is a benefit to you at any point in your career. Use these resources to get better compensated at your current job, or to better negotiate with a future employer. You are more than a number, but take time to find out what you are worth.