Many people are asking us these days, with the job market and the economy in great shape, how do they know they are being paid as much as they are truly worth in the job market? Is your compensation on par with what others are making in your position? Should you prepare yourself for a job search?
In this video, Tammy Kabell with Career Resume Consulting reviews the 6 reasons why you may be underpaid in your current position. If one or more of these reasons apply to your situation, chances are, you could be making more in a new position with a company that can pay you what you're worth.
Here are the 6 circumstances that suggest you might be underpaid in your current position:
- You have been at the same company for more than 5 years
- You have been in same role or have had the same job title for 3 years or more
- You are making less than $15,000 more than you were 2 years ago
- You have effectively been doing your boss' job for the last year or more
- The dollar impact you bring to your current company (in cost savings or revenue generation) is out of alignment with what you are currently paid
- It's been at least two years since you've had a raise, or there have been at least 3 years in the last decade that you did not receive an increase in compensation at your current company
If you fit any of the above criteria, you may want to talk with us about your marketability, to find out how much you are worth in the job market, and determine if you should pursue other career opportunites.
If you would like to schedule some time to talk with Tammy personally about your current career situation, visit ConsultwithTammy.com - this is a consultation web page we've developed to explain how we work, who we work with, and the results we get for our clients. From this page, you can access Tammy's personal calendar to find a convenient time for a conversation.