6 Signs That You Are Underpaid In Your Current Job

As a person living in society, we all have to earn our keep to live a life. And that is one of the reasons why we spend so much time during our younger days acquiring education and skill

In this corporate world, what you earn is determined by your skills and experience.

While there are industry standards to quantify your skill and qualifications, you might be working in an institution where you are underappreciated and underpaid.

All of us agree that we should be paid as per our skill and qualification, but if you are not careful, you are sure to get exploited.

So, how to conclude if YOU are underpaid? If any of the below-given symptoms match with your work situation, you may be exploited and underpaid.

1. Your salary is less than the average of the basic industry standard.

One of the biggest signs that you are underpaid is that your salary is below the average data on the internet of salaries of your peers. So, it is suggested that stay informed about the current situation and trends and try to get your worth

2. Your responsibilities at work have increased but not your salary

Another critical sign that can show that you’re underpaid is stacking duties without any raise. If your responsibilities since you joined the organization have risen without any raise in your salary then you’re being underpaid.

You need to realize that if you are given added workload without a raise in salary, you are most likely underpaid a lot. So, if this is happening to you, make sure to talk with your supervisors.

3. You have fewer benefits than your colleagues

Every job comes with its benefits. This may include time off, travel allowances, and a lot more. So if you have fewer benefits than your colleagues then you’re most likely underpaid.

And the problem is these things get a lot overlooked due to the fact of similar salary structures. So, stay careful and make sure you are paid exactly what you deserve.

4. Similar designations at your company are being paid more

If you have colleagues that come from the same educational background and experience but are paid more then means you are being cheated of your rights. But keep in mind, experience also plays a huge role in determining how much your company is going to pay you

However, this doesn’t mean that as they hold a position with a different name, that you should be paid less for it. So, if this is the case, you’re underpaid and should have a dialogue with your employer for the same.

5. Your salary doesn’t account for inflation

Inflation is something that every company should take into consideration when it comes to determining their employee’s salaries. So, your salary should account for inflation. If you feel your increment in salary overtime is not significant it may be because it doesn’t account for inflation, wits a symbol that you are underpaid.

Make sure that your wages increments consider inflation wheresoever you’re working.

6. Your salary is the same despite your company’s growth

If you’re at a job where your recompense is the same for some time but your organization is achieving milestones then you’re underpaid.

A growing company or a company that’s increasing its revenue should also compensate its employees with raises or bonuses. If you realize your company is growing but your salary is not then you’re definitely being underpaid.

In conclusion, your salary should be as per standards set by the industry you work in and should be based upon your level of experience and education.

So, if you see any of the above things happening to you in your workspace, make sure to talk with your supervisors. Make sure you gather all the evidence to back your claim that you’re being underpaid. And if you realize that is the case, then it’s time to look for a new job. Because at CareerHunts, we believe, you do deserve the best.

Wishing you all the best.