Sunday, November 04, 2007

So how much do you think YOU are worth?

I've been struggling to find a topic that gets my blood hot enough to blog about while still being related to all the management voodoo we cover here. Thank you Mr. Rodriguez!

I read this little bit of insanity in today's New York Post while waiting in the oil change place yesterday. Everyone there from the baseball junkie to the suburban soccer-mom had something to say about the unmitigated gall of A-Rod to seek such a kings ransom despite having been in a virtual coma for the playoffs. While it's an extreme example, it gave me the jolt I needed to bring up a topic we've not covered before - compensation.

As an HR geek, I have seen more than my share of self professed super-star employees come in with some pretty outrageous salary demands and it always gets to me to the point where those otherwise silent voices in my head scream out, "what the heck is she thinking?". Honestly folks, we have all done or at least seen it before. For some reason, you get it in your head that you are not being adequately paid for what you do. Maybe you have had an increase in responsibility or maybe you still do the same job, but have heard about someone else making more, or seen a salary survey indicating that people who do what you think you do make more money for doing it.

I'm not going to suggest that you are (or are not) properly compensated for you job, but I will challenge you to think about your pay this way;

- Are you really underpaid? If you think so, how do you define it?
  • Being paid less than you feel you need to live on is not the same as being underpaid. I know lots of outstanding burger flippers at McDonalds and some of them seem to be struggling to make ends meet. They are great at what they do, but despite their personal financial challenges, Burger Flippers make $7.25 per hour, period.
  • Being paid less than others who do the same job you do, with the same quality results and without any difference in seniority (if that applies in your world), IS something you should speak with the boss about.
  • Comparing your pay to "survey" data is a complex game and you should be careful how you go about it:
    • Does the survey job you are comparing yourself to really match your job?
    • Are you doing all the components of the survey job?
    • Is the survey data from your area, or is it from a national or regional average?
    • How current is the survey data ?
    • And most important of all, does your company even care about survey data???
The fact is that we are living in a great job market. Companies are finding it harder to find the talent they need to get the results they need and there is already stiff competition for the best players. If you really feel you are underpaid, why not look around the job market to see how much other companies are willing to pay for your expertise? I know that sounds a bit militant, but hey, you are in the Guerrilla HR page!

YOUR MISSION:
If you feel that you are underpaid, talk to the boss about it. If the company isn't willing to be open and up front with you about your compensation, it may be time to brush up that old resume and float it out to a few companies to see what the rest of the world will pay you for your expertise.

2 comments:

James said...

I own www.guerillahr.com,net and org would you be interested in making an offer for the 3 domains?

JamesBellefeuille@gmail.com

Anonymous said...

Make an Offer - how much DO YOU think they are worth?