So, you love your job. That's great! However, is your salary enough? Are you being paid fairly? Is your monthly salary equal to all the things you do on a daily basis?
You know, it pays to assess whether the paycheck you receive every payroll is equal to the responsibilities you hold. Here are some tips in finding out if you're paid less than your value.
Do some research
Find out the average pay for a position like yours. There are several sites, including Salary.com and PayScale, that can help you in finding the answers.
Consider your location, your daily expenses, your level in the organization and the heaviness of your duties. If you can't find what you are looking on the Internet, then you can go and ask professional associations.
Weigh in the benefits
Take note that your salary is not the only compensation you are receving from the company. The benefits are part of it, too. So, when finding out if you are being paid less than your worth, consider the benefits you receive.
"In some cases, a generous benefits package can balance out a lower salary," Cheryl Palmer, a career coach, says. "After all, benefits are worth money."
Look at intangibles
"Staying in a position with lower compensation can be ideal for people who are trading other benefits, such as flexibility or lower stress levels, for cash," Palmer says
Are there intangibles that can make up for your low salary? If yes, will it be enough to make you stay? On the other hand, is there a bright future for you in this company? Do you have the potential to grow and move a step further? These questions can also help in making up your mind.
"Think about where you want to be long term," Palmer says. "In some cases it may be worth it to take a lower salary in order to position yourself for your next career move," Palmer says.
The decision, at the end of the day, is in your hands.
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