I've recently found out that i am fairly underpaid compared to others in my role at my company, and im pretty irritated about it. It's been communicated that I am the highest performer on my team at a "pay for performance" company, and i make about $20k less than the others in my role. Im not sure how to address this in a productive way. I've been with my company longer, so the newer hires were brought on at a higher market rate. Anyone have a success story addressing a pay gap?
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Best way to get more is to get another job. It’s typical to get paid less than new hires which is why many leave. You can ask for a raise or promotion or both but I wouldn’t have high hopes.
Like10It’s best to ask first. If they say no. Quit. If they don’t have the time to advocate better pay for you, then they won’t the next time.
Like5I would ask your Director and HR director to conduct a market analysis for your position. Market value can change from year to year and it’s up to the employee to request a market analysis to be done. In my experience I have seen so many people afraid to talk about money to leadership and it is a mistake. As a 20 year vet in a leadership role I fought for my team to get market adjustments every couple years, and I was never turned down after presenting the data.
Like5Such a tough spot to be in. Honestly, your company is most likely not going to rise to the occasion. I would start looking.
Like1I've been in a similar spot but was at a pay disparity due to an acquisition our company made. We acquired a company from New York, and all of the employees who moved to our office in the south got to keep their same salaries. It created huge pay gaps across the org. Ultimately had to leave to make more.
LikeAsk but be prepared to leave tbh
LikeUgh this is such a bummer to hear, I agree that you might need to end up leaving to get paid fairly. I’m in the position right now where I know I’m underpaid but my whole team is, so I’m likely going to have to leave to get what I deserve.
LikeBring up that you want to re-evaluate your performance and pay, but start looking elsewhere. Apply at other companies. You don’t want to work for a company who does not recognize your work and compensate you appropriately based on their own pay structure.
LikeJust start applying somewhere esle tbh. Even if they do decide to give you a bump, it's doubtful that it would be enough to cover a $20K gap. You'll have better chances landing a better role with better pay literally anywhere else. Like you said, new hires get paid more.
LikeAre you remote? Some companies base salary on "Cost of living" for the area you live in. For example, our California employees get paid more than our Ohio employees for the exact same role, just based on location. If not, then I would bring it up to management. Thats a pretty substantial difference
LikeThanks all for the advice - id been planning on leaving already after hearing the news, but perhaps i'll try fighting for the money first!
LikeWishing the best for you! Like most others said a 20K pay gap is likely not going to get covered so would start looking at other opportunities. Could still be worth bringing up internally to try. It just sucks that companies always are talking about retaining top talent but always end up paying more to attract new talent
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