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How to find out, and what to do if you’re 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class="_2xetH"><time class="_2_zR-" data-testid="datetime" dateTime="2024-11-23T02:00:00+08:00">November 23, 2024 — 2.00am</time></span></div></div></div></div></header><section class="_3OhA4 Lspjx"><div class="_2h56q _2bGxr"><div class="_3J1te"><div class="_3kTtc"> <span class="_2xetH"><time class="_2_zR-" data-testid="datetime" dateTime="2024-11-23T02:00:00+08:00">November 23, 2024 — 2.00am</time></span></div></div></div><div class="_2CSKo noPrint"><div class="_1KqZ_"><div class="hLTvJ"><button aria-checked="false" aria-describedby="saveTooltip" aria-label="Save article to read later" class="_31ZN0" role="switch" type="button"><svg aria-hidden="true" class="QMY9O _11R7m" focusable="false" height="1em" width="1em"><use xlink:href="#icon-save"></use></svg><span class="_3-fU6">Save</span></button><div aria-hidden="true" class="_1lwFz uXbxr" id="saveTooltip" role="tooltip"><button>Log in</button>, <a data-testid="login-register" 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data-ffx-event-label="font size large" data-ffx-event-value="0" data-ffx-hittype="event">Larger text size</button><button class="_3VkdU" data-ffx-event-action="cta click" data-ffx-event-category="component" data-ffx-event-label="font size extra large" data-ffx-event-value="0" data-ffx-hittype="event">Very large text size</button></div></div></div></div></section><section class="_1Rw6X" data-testid="article-body-top"><aside class="_2GZaf"><div class="_1q-_I _3sCHz"><div class="container"><div class="adWrapper _2UMq- noPrint" data-testid="ad"><small class="_3ToRr">Advertisement</small><div class="" id="adspot-160x600_300x250_300x600-pos2-desktop"></div></div></div></div></aside><div class="_1ysFk" data-testid="article-body"><div><div class="_5JLqO"><div class="_1Ld7U" id="beyondwords-player"></div><div class="_3Fhwk" data-testid="showPlayerOverlay"></div></div><div class="_1665V _2q-Vk" data-testid="body-content"><p>Am I getting paid enough? It’s something all of us think about.</p><p>Being informed about where your compensation stands can be the difference between gaining tens of thousands of dollars over the coming years or missing out on what you deserve.</p><figure class="_3ujPS _3x3-4 RMwbY _2XZQH" data-testid="image"><div aria-label="enlarge image" class="_1lwW_" role="button" tabindex="0"><picture class=""><source media="(min-width: 1024px)" srcSet="https://static.ffx.io/images/$zoom_0.668%2C$multiply_0.9788%2C$ratio_1.5%2C$width_756%2C$x_19%2C$y_0/t_crop_custom/q_86%2Cf_auto/ac39c6c8d86db5b72e4acc9ff6189f5afe42ddc9, https://static.ffx.io/images/$zoom_0.668%2C$multiply_1.9577%2C$ratio_1.5%2C$width_756%2C$x_19%2C$y_0/t_crop_custom/q_62%2Cf_auto/ac39c6c8d86db5b72e4acc9ff6189f5afe42ddc9 2x" height="494" width="740"/><source media="(min-width: 768px)" srcSet="https://static.ffx.io/images/$zoom_0.668%2C$multiply_1.0159%2C$ratio_1.5%2C$width_756%2C$x_19%2C$y_0/t_crop_custom/q_86%2Cf_auto/ac39c6c8d86db5b72e4acc9ff6189f5afe42ddc9, https://static.ffx.io/images/$zoom_0.668%2C$multiply_2.0317%2C$ratio_1.5%2C$width_756%2C$x_19%2C$y_0/t_crop_custom/q_62%2Cf_auto/ac39c6c8d86db5b72e4acc9ff6189f5afe42ddc9 2x" height="512" width="768"/><img alt="If others in similar roles are earning more than you, it might be time to ask for a pay rise." src="https://static.ffx.io/images/$zoom_0.668%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_19%2C$y_0/t_crop_custom/q_86%2Cf_auto/ac39c6c8d86db5b72e4acc9ff6189f5afe42ddc9" height="390" width="584" srcSet="https://static.ffx.io/images/$zoom_0.668%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_19%2C$y_0/t_crop_custom/q_86%2Cf_auto/ac39c6c8d86db5b72e4acc9ff6189f5afe42ddc9, https://static.ffx.io/images/$zoom_0.668%2C$multiply_1.545%2C$ratio_1.5%2C$width_756%2C$x_19%2C$y_0/t_crop_custom/q_62%2Cf_auto/ac39c6c8d86db5b72e4acc9ff6189f5afe42ddc9 2x"/></picture></div><figcaption class="_3CZmy"><p><span class="_2Li3P">If others in similar roles are earning more than you, it might be time to ask for a pay rise.</span><cite class="ojLwA"><span class="_30ROC">Credit: </span>Dionne Gain</cite></p></figcaption></figure><p>Feeling underpaid can impact your motivation, performance and overall wellbeing too. So here are some signs that you might be underpaid, and tips to address the matter.</p><p><strong>Sign #1: Your responsibilities have increased, but your pay is the same. </strong>When you’ve taken on extra duties or expanded your skill set without a corresponding pay increase, you may be on the path to burnout.</p></div><div class="_1lC_G"></div><div class="_1665V _2q-Vk" data-testid="body-content"><p>If you’re shouldering more responsibility than your original job description entailed, this is often a valid reason to request a pay rise. Even if you enjoy the work, you deserve to be compensated appropriately for the added value you’re bringing to the company.</p><p><strong>Sign #2: Your pay rises are lower than inflation or market standards. </strong>It’s easy to overlook incremental changes, but inflation and shifts in the jobs market can erode your earning power over time. An absence of cost-of-living adjustments or market-standard increases could mean you’re falling behind financially.</p><blockquote class="Zfkcv" data-testid="pull-quote"><p>A role that recognises your full value could be the perfect next step.</p></blockquote><p><strong>Sign #3: Similar roles in your industry/company get paid more. </strong>The rise of workplace transparency means more employees share salary information, either in conversation or anonymously online.</p><p>If colleagues in similar roles, whether inside or outside your organisation, or new hires are earning more for the same work, it might be time to examine your pay. Many online resources, such as <a href="https://www.glassdoor.com.au/index.htm" rel="noopener" target="_blank">Glassdoor</a> and <a href="https://business.linkedin.com/talent-solutions/product-update/jobs/salary-insights" rel="noopener" target="_blank">LinkedIn Salary Insights</a>, provide industry-standard pay ranges that can help you gauge your standing.</p></div></div></div></section><div class="_1FVfK"><div class="container"><div class="adWrapper _2UMq- noPrint" data-testid="ad"><small class="_3ToRr">Advertisement</small><div class="" id="adspot-728x90_970x250-pos3-desktop"></div></div></div></div><section class="vPaWe" data-testid="article-body-bottom"><div class="_1ysFk"><div><div class="_1665V _2q-Vk" data-testid="body-content"><p><strong>Sign #4: No regular performance reviews or pay rises. </strong>Performance reviews are the opportunity for both you and your manager to exchange feedback, set mutual goals and recognise achievements.</p><div class="ymInT _3uJpn _3by58 noPrint"><span class="_2wzgv D5idv _3lVFK"><span class="_29Qt8"></span><span class="_3qqDc">Loading</span></span></div><p>When these evaluations don’t happen regularly (or worse, don’t exist), you miss out on the guidance and structure needed for professional growth as well as the formal process for pay rises to be justified.</p><p><strong>Sign #5: Your pay doesn’t align with your skills, experience or education. </strong>When you were hired, your pay probably reflected the experience and qualifications you had at that time. But as you develop new skills, gain experience or achieve additional qualifications, your compensation should keep pace.</p><p>If it doesn’t, it’s time to revisit the numbers. A job that undervalues your education or experience levels can limit your growth and leave you questioning your value.</p></div><div class="_1lC_G"></div><div class="_1665V _2q-Vk" data-testid="body-content"><h3><b>What to do if you’re underpaid</b></h3><p>If you’ve recognised one or more of these signs, don’t worry. There are steps you can take to advocate for yourself and improve your situation.</p><p><strong>Step 1: Research market salaries. </strong>Before making any demands, understand your market worth. Review reliable salary data for your role in your location and industry.</p><p>Sites such as Payscale and industry-specific salary surveys can provide a ballpark figure for what you should be making. Knowing the numbers equips you with a factual, unbiased foundation for negotiation and can help you confidently justify your request for a raise.</p><p><strong>Step 2: Prepare your case with evidence. </strong>Simply asking for more money won’t suffice. Compile a list of accomplishments, additional duties and the value you bring to the team.</p></div><div class="_1lC_G"></div><div class="_1665V _2q-Vk" data-testid="body-content"><p>Show specific outcomes you’ve achieved, such as revenue growth, project completion or cost savings. Demonstrating your contributions with concrete examples strengthens your case and provides a clear reason for your employer to agree to an increase.</p><div class="ymInT _3uJpn _3by58 noPrint"><span class="_2wzgv D5idv _3lVFK"><span class="_29Qt8"></span><span class="_3qqDc">Loading</span></span></div><p><strong>Step 3: Schedule a formal meeting with your supervisor. </strong>Timing is essential for these conversations. Choose a time when you know your manager isn’t overwhelmed and set up a formal meeting to discuss your performance and pay.</p><p>Approach the conversation respectfully and collaboratively. It’s not an attack on your employer, but a discussion about your values and mutual goals. Emphasise how an adjusted salary can enable you to stay motivated and committed to producing even greater results.</p><p><strong>Step 4: Be open to negotiation. </strong>If your employer can’t meet your salary expectations right away, ask for alternative forms of compensation, such as a one-time bonus, extra vacation days, professional development opportunities or flexible work arrangements. Remember that total compensation includes more than just the dollar amount on your pay cheque.</p></div><div class="_1lC_G"></div><div class="_1665V _2q-Vk" data-testid="body-content"><p><strong>Step 5: Have a back-up plan. </strong>Sometimes, the answer simply is “no”. If your employer cannot or will not meet your reasonable compensation needs, you may want to look for other opportunities. Staying underpaid can stunt your professional growth and financial wellbeing.</p><p>A role that recognises your full value could be the perfect next step.</p><p><strong>Tea Angelos is an entrepreneur, author, speaker and founder of <a href="http://smartwomensociety.com/" rel="noopener" target="_blank">Smart Women Society</a>, an online education company providing innovative products and tools for women to grow their independence with money, career, wellbeing and love.</strong></p><p><b><i>The Business Briefing newsletter delivers major stories, exclusive coverage and expert opinion. </i></b><a href="/link/follow-20170101-p56j4t"><b><i>Sign up to get it every weekday morning</i></b></a><b><i>.</i></b></p></div></div><div class="noPrint"><div></div><div></div></div><div id="embedded-feedback"></div><div class="_22FRK _2spQv"><section class="aKWhn noPrint" id="endOfArticle"><div class="dLGbc"><div class="hLTvJ"><button aria-checked="false" aria-describedby="saveTooltip" aria-label="Save 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"pinnedPosts\":[]},\"loadingBar\":0,\"location\":null,\"login\":{\"emailAddress\":\"\",\"isLoggedIn\":false,\"isVisible\":false,\"justLoggedIn\":false,\"justLoggedInAction\":\"\",\"loginAction\":\"\",\"showModal\":\"none\",\"swgEntitlementStatus\":null},\"meterPrompt\":{\"isVisible\":false,\"limit\":0},\"myAccount\":{\"isVisible\":false},\"page\":{\"/business/workplace/how-to-know-if-you-re-not-paid-enough-and-how-to-fix-it-20241121-p5ksje.html\":{\"asset\":{\"ads\":{\"suppress\":false},\"assetType\":\"article\",\"categories\":[\"Business\",\"Workplace\"],\"categoryId\":3,\"asset\":{\"about\":\"Knowing where your compensation stands can be the difference between earning thousands more or missing out on what you deserve.\",\"allowComments\":false,\"body\":\"<p>Am I getting paid enough? It\\u2019s something all of us think about.</p><p>Being informed about where your compensation stands can be the difference between gaining tens of thousands of dollars over the coming years or missing out on what you deserve.</p><x-placeholder id=\\\"1c11c75be54affe917ec054dfe5e932f4030c914\\\"></x-placeholder><p>Feeling underpaid can impact your motivation, performance and overall wellbeing too. So here are some signs that you might be underpaid, and tips to address the matter.</p><p><strong>Sign #1: Your responsibilities have increased, but your pay is the same. </strong>When you\\u2019ve taken on extra duties or expanded your skill set without a corresponding pay increase, you may be on the path to burnout.</p><p>If you\\u2019re shouldering more responsibility than your original job description entailed, this is often a valid reason to request a pay rise. Even if you enjoy the work, you deserve to be compensated appropriately for the added value you\\u2019re bringing to the company.</p><p><strong>Sign #2: Your pay rises are lower than inflation or market standards. </strong>It\\u2019s easy to overlook incremental changes, but inflation and shifts in the jobs market can erode your earning power over time. An absence of cost-of-living adjustments or market-standard increases could mean you\\u2019re falling behind financially.</p><x-placeholder id=\\\"463e2bf5afe05c9f51d6ad8ff7206f12c446caca\\\"></x-placeholder><p><strong>Sign #3: Similar roles in your industry/company get paid more. </strong>The rise of workplace transparency means more employees share salary information, either in conversation or anonymously online.</p><p>If colleagues in similar roles, whether inside or outside your organisation, or new hires are earning more for the same work, it might be time to examine your pay. Many online resources, such as <x-placeholder id=\\\"33beb2cb0db30e9d79a8168e2375c46ad7598bf3\\\"></x-placeholder> and <x-placeholder id=\\\"4f82d54bb1f334084fa0575378b5bb669a3d639e\\\"></x-placeholder>, provide industry-standard pay ranges that can help you gauge your standing.</p><p><strong>Sign #4: No regular performance reviews or pay rises. </strong>Performance reviews are the opportunity for both you and your manager to exchange feedback, set mutual goals and recognise achievements.</p><x-placeholder id=\\\"3cc1b8a00145be562d8bed1e73983baca6f1d15c\\\"></x-placeholder><p>When these evaluations don\\u2019t happen regularly (or worse, don\\u2019t exist), you miss out on the guidance and structure needed for professional growth as well as the formal process for pay rises to be justified.</p><p><strong>Sign #5: Your pay doesn\\u2019t align with your skills, experience or education. </strong>When you were hired, your pay probably reflected the experience and qualifications you had at that time. But as you develop new skills, gain experience or achieve additional qualifications, your compensation should keep pace.</p><p>If it doesn\\u2019t, it\\u2019s time to revisit the numbers. A job that undervalues your education or experience levels can limit your growth and leave you questioning your value.</p><h3><b>What to do if you\\u2019re underpaid</b></h3><p>If you\\u2019ve recognised one or more of these signs, don\\u2019t worry. There are steps you can take to advocate for yourself and improve your situation.</p><p><strong>Step 1: Research market salaries. </strong>Before making any demands, understand your market worth. Review reliable salary data for your role in your location and industry.</p><p>Sites such as Payscale and industry-specific salary surveys can provide a ballpark figure for what you should be making. Knowing the numbers equips you with a factual, unbiased foundation for negotiation and can help you confidently justify your request for a raise.</p><p><strong>Step 2: Prepare your case with evidence. </strong>Simply asking for more money won\\u2019t suffice. Compile a list of accomplishments, additional duties and the value you bring to the team.</p><p>Show specific outcomes you\\u2019ve achieved, such as revenue growth, project completion or cost savings. Demonstrating your contributions with concrete examples strengthens your case and provides a clear reason for your employer to agree to an increase.</p><x-placeholder id=\\\"9f5681b0761193add8dccbca86fb1afa1ed1cf96\\\"></x-placeholder><p><strong>Step 3: Schedule a formal meeting with your supervisor. </strong>Timing is essential for these conversations. Choose a time when you know your manager isn\\u2019t overwhelmed and set up a formal meeting to discuss your performance and pay.</p><p>Approach the conversation respectfully and collaboratively. It\\u2019s not an attack on your employer, but a discussion about your values and mutual goals. Emphasise how an adjusted salary can enable you to stay motivated and committed to producing even greater results.</p><p><strong>Step 4: Be open to negotiation. </strong>If your employer can\\u2019t meet your salary expectations right away, ask for alternative forms of compensation, such as a one-time bonus, extra vacation days, professional development opportunities or flexible work arrangements. Remember that total compensation includes more than just the dollar amount on your pay cheque.</p><p><strong>Step 5: Have a back-up plan. </strong>Sometimes, the answer simply is \\u201Cno\\u201D. If your employer cannot or will not meet your reasonable compensation needs, you may want to look for other opportunities. Staying underpaid can stunt your professional growth and financial wellbeing.</p><p>A role that recognises your full value could be the perfect next step.</p><p><strong>Tea Angelos is an entrepreneur, author, speaker and founder of <x-placeholder id=\\\"22530db0153b7d798c9e8fcf0f43d6c3799141b4\\\"></x-placeholder>, an online education company providing innovative products and tools for women to grow their independence with money, career, wellbeing and love.</strong></p><p><b><i>The Business Briefing newsletter delivers major stories, exclusive coverage and expert opinion. </i></b><x-placeholder id=\\\"62350b6577642fbb3aacbf1ec1da05ee05bad3ae\\\"></x-placeholder><b><i>.</i></b></p>\",\"bodyPlaceholders\":{\"1c11c75be54affe917ec054dfe5e932f4030c914\":{\"data\":{\"altText\":\"\",\"aspect\":1.5,\"autoCrop\":false,\"caption\":\"If others in similar roles are earning more than you, it might be time to ask for a pay rise.\",\"credit\":\"Dionne 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