In life, we’re always in need of more money. No matter how much you make, or how much you own, we always seem to want more. Unexpected bills, expensive life events, or even just the demands of everyday lives can mean that we need to get our hands on more. But, instead of looking at different ways to raise cash, why not look at your salary instead?
When you’ve been in the same job for a while, it’s easy to think that your salary is what it should be, but unless you look into it, how are you ever going to know?
Know What You Get
Firstly, it would help to be able to look at your payslip frankly and try to understand it. When you get the same amount each month, it’s common to assume that everything is accurate. But it may not be. So, ask yourself, do you know what you’re being paid? And do you know what your deductions are and if they’re right? If not, you’re going to want to start digging around and look to ensure that what you’re currently getting it correct.
Know Your Worth
Then, you’re going to want to look into whether the amount you earn is what it should be. Although the payments you get may make up the totally salary you’re expecting, you should also look to find out if your salary matches up to that of other in your field. You may not be able to ask around, but you can look into average salary amounts based on your job or even by area. Then, you’ll know if you’re being paid what you’re worth.
Do Some Research
Then, you’re also going to want to dig around and do a bit more research. Now, companies have to share their gender pay gap reports both in their own reporting, and with the government. So, you should be able to find this information out relatively easily. By looking into the averages across your company, you should be able to find out if you are being paid less, to then see if there’s anything that you can do about it.
Prove Your Worth
Once you’ve done some research and you know how your current pay matches up to the industry average or even what others are getting in your company, you may want to ask for a raise. But, in order to do that, you need to be able to prove that you’re worth it. So, you’re going to want to make sure that you not only work hard, but that you have the proof to back it up when you go in ask for more money.
Finally, if you find that there’s no room for a promotion within your company, or that they’re unable to honour your request for a pay rise, you may want to look elsewhere. Even when you’re happy in your current job role, you may find that moving to another company can not only offer you better pay but better prospects in the long term too.