Am I being underpaid?
February 4, 2008 10:35 AM Subscribe
Am I getting screwed by my employer with regard to pay?
posted by anonymous to Work & Money (20 answers total) 2 users marked this as a favorite
I really like my job. It’s everything I want it to be and my employers seem to be pleased with me as well and tell me they have big plans for my future. I’ve worked here for three years and though I started on a pretty low salary (considering my age, experience and university degree), I was willing to accept it as I had no formal qualifications in my field and I was fine with the idea that I needed to prove myself. So the last three years I have spent studying and taking exams. I will get the results of my final exam in a few weeks (I expect to pass) and then I will have a qualification which is probably the highest qualification in my line of work and highly regarded. However, ahead of my results, they decided to give me an unofficial promotion and basically pass the new job responsibilities over to me that I was promised once I passed all my exams (which I was very happy about, it’s what I had been working for).
We got our annual pay reviews today and I got the lowest possible increase that I was expecting. I was thinking in a range and the figure I got was the lowest end of my range. My boss told me that our parent company generally uses a 1.5% increase per year as guidance, and takes into consideration all of our benefits, which are quite good. He said that I had gotten one of the highest percentage increases of all the staff (10%). However, despite me having a university degree and now one of the highest qualifications in my field and having lots of new, major responsibilities, I don’t even make the national average salary. And I’m not in a low paying field - I work for a large multi-national bank in what should be a decent paying job.
I’m pretty confident that with my qualification I could get a job with a higher salary. I believe I could make at least 20% more. Can you please give me some perspective? It seems like a huge insult that in my 30’s and with the education and qualifications that I have that I would not even make the national average. I feel like I’ve had a carrot dangled in front of my face since I’ve started here and that once I gained all my qualifications I would be rewarded, and I don’t think I have. Well, I have in the sense that I have a lot of new responsibilities that I’ve been clamoring and working for since I started, but seemingly not the salary to back the extra work.
I have no idea how the whole process works and I may be over-reacting but I just feel hugely insulted. I’m hoping that someone who knows a little bit more about the process may be able to shed some light for me. If I am out of line, please let me know. If you think I should be looking for a new job, please let me know that too. I didn’t say anything at the time of the review - would talking to my boss about my dissatisfaction help? I have always gotten good performance reviews, my boss has let me know that they’re really looking forward to advancing me over the coming years. But they’ve been saying this since I’ve started and while they have done this (paying for training, giving me new responsibilities etc), I don’t think my salary has reflected this. Also, once the salaries are decided as far as I know they cannot be changed, so I don’t think it’s a matter of asking for more. Thanks in advance for any help.