This New Tool Helps You Find Out What You Should Actually Be Getting Paid
Ever wonder if you’re getting paid enough?
Or maybe you feel like you’re cheating the system. Do you feel like there’s no way you deserve to get paid for what you are (or aren’t) doing?
As a workforce newbie, I’ve always pondered my worth. I especially wanted to know when I finished grad school: What the heck do I ask for when I’m negotiating a salary?
Sure enough, my hiring manager (hi, Lexi!) asked. It’s a tricky question -- one you never know exactly how to answer, especially without much experience.
But of course there’s an app for that (now).
On Wednesday, Glassdoor released a tool called “Know Your Worth,” and sure enough, it’ll tell you.
How Does the “Know Your Worth” App Work?
You can download the app or simply use the online tool -- the easier, less data-guzzling option.
Seriously, it’s so easy. Here’s how to use it:
1. Sign up via Facebook, LinkedIn or email.
I opted for email versus having my profile picture possibly floating around.
2. Enter all the information.
The information tidbits required are simple and not too invasive.
It includes employer name, location, job title, years of relevant experience, company size, company type, company sector, company industry and the company’s URL.
Then: Your base salary, pay period, currency and other compensation (think: bonuses).
More personal information follows, including your highest level of education, university name, major/concentration. Gender and birth year are optional.
3. Activate your Glassdoor account via email.
I know… a pain.
4. Read your results.
Awkward. At first, Glassdoor told me it couldn’t generate my salary.
It suggested I choose an alternate job title. I chose “writer” versus “junior writer.”
So What Am I Worth?
It says I’m not paid enough. Awkward.
First, Glassdoor compares my salary to the writing market in St. Petersburg, Florida -- my location. It says writers in my area make up to $74,000. Wowza.
However, Glassdoor then gives me more details. My market value was determined by 10 salaries submitted by people “similar to me” in the St. Petersburg area.
It also told me there are 70 similar jobs open for me in the area in case I’m super dissatisfied, apparently. No thanks.
So before going to my -- or your -- manager up in arms, consider who or what you’re being compared to and the other “similar” companies in your area. Perhaps if you’re in an industry or an area not as niche as mine, it’ll be more accurate.
Frankly, I’m stoked with my pay, but it’s still a fun tool to play with and worth the five minutes it takes to pop in the info.
Your Turn: Are you paid more or less than what you’re worth, according to Know Your Worth?
Carson Kohler (@CarsonKohler) is a junior writer at The Penny Hoarder. After recently completing graduate school, she focuses on saving money — and surviving the move back in with her parents.