It’s hoped that your employer pays you a fair salary for your efforts. Whether you’re a product manager, a software programmer, a systems architect or fill some other role in the vast technology sector, it is crucial that you are paid what you’re worth, and what your position demands.
Know What’s What
The first step is to dig into the issue. Are you really underpaid, or do you just feel that way? What is the average salary for your position nationally, and what does your employer pay you? What do other companies in the tech industry pay employees in the same position, with the same education and background as you? These kinds of questions can be answered using Paysa.com.
If your employer cannot or will not give you a raise and you really don’t want to go elsewhere, there are still ways to earn more that don’t necessarily require taking a second job. For instance, you can ask for equity in the company. However, understand that this might not always be a wise move. How well is the company performing? What are its future prospects? The value of any equity hinges completely on the performance the company, and if it’s performing poorly with no end in sight, this may be a bad move. Checkout Paysa Company Rank to evaluate a company’s flow of talent.
Ask for a Raise
If you’re being paid less than fair market value for the job you perform, you should definitely ask for a raise. Sometimes, pay rates are left alone for years at a time, and your higher-ups have no idea that they’re underpaying you. Even if your salary is on par with the national average, it doesn’t hurt to ask for a raise, particularly if you’ve achieved things the company could not have done without you. And, remember, you’ll never get a real raise (more than a cost of living increase) if you don’t ask for one.
Find Another Job
In most cases, getting a raise will be akin to pulling teeth, and equity might not be worth your time (or even with it you won’t earn enough). In these cases, the only option is to fire up your web browser and start looking for employment elsewhere. There are plenty of tech companies hiring. There are literally thousands of startups in need of skilled technology experts, from programmers to managers, and there are plenty of larger tech companies that pay very well (think Google, Facebook, Apple, Microsoft, CISCO, Oracle and the like). Of course, it helps to know what sort of salary you can expect for your position, so Paysa.com can help here as well.
If you’re overworked and underpaid, then there are things you can do. However, remember that it may likely come down to changing your place of employment. Do your homework, know what you should be paid, and learn about the different compensation packages offered by your preferred employers to ensure that you get in with the right company.
Best of Luck!