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Post by SweetieBugs on Nov 23, 2016 1:20:51 GMT
I am feeling very dissatisfied with my lack of salary increases and low annual bonuses (my bonus is always one of the very lowest and particularly as a % of my salary compared to most others--about 30 employees). I am a "support" person (finance and accounting--I do it all for 4 different business entities controlled by the same set of owners and 3 of those have annual audits) and feel under valued, especially when all the larger salary increases and bonuses go to the program workers (consulting and policy work).
How can I get an idea of the range of salary for what I do in my area so I can at least know if I truly am underpaid or not? My boss definitely doesn't understand how much work it is to do my job. I feel like I should make him shadow me for a week to see.
I'm sure this is something that just doesn't really exist and you have to decide if you "feel" properly compensated. I don't, but it would be very hard to replace my income with another job while keeping so many hours "work at home". It is so frustrating because I have been with them for 10 years and am the longest term employee other than the one original owner.
Today I was given the bonus list for year-end and salary adjustments and my heart just sunk. Because of a few new projects, I had more work and I thought for sure I would see that in my bonus. Nope. I've discussed all of this with my boss and I don't think I'll make any head way.
Very disappointing.
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leeny
Pearl Clutcher
Posts: 4,630
Location: Northern California
Site Supporter
Jun 27, 2014 1:55:53 GMT
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Post by leeny on Nov 23, 2016 1:23:35 GMT
The Bureau of Labor Statistics has data www.bls.gov/bls/wages.htmand glassdoor.com might also have something for you. good luck!
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Anita
Drama Llama
Posts: 5,642
Location: Kansas City -ish
Jun 27, 2014 2:38:58 GMT
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Post by Anita on Nov 23, 2016 1:23:58 GMT
Have you tried Glassdoor.com?
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Deleted
Posts: 0
Apr 29, 2024 13:31:51 GMT
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Post by Deleted on Nov 23, 2016 1:37:42 GMT
salary.com might be another, but just realize that any survey is going to be a bit skewed as it usually doesn't take into account all benefits (some have higher wages, lower benefits; others lower wages, higher benefits). It's also hard to value "perq's" such as flexible schedules, travel time/distance to work, etc.
I work in HR/payroll for a set of 5+ companies and see all that information too. I've had a tough one this week to see an employee who doesn't deserve get a 5.5% raise due to the exempt wage increase and her refusing to become non-exempt (was going to tender her resignation because she doesn't want to have to clock in/out). But I've had to realize it's just numbers in the end. If I focus on it too much, it brings me down and I just have to move away from that work and work on something else. It killed me though to change her salary in the payroll system!
Otherwise, generally my employer is fair. But I do find those in admin/services don't tend to increase as much as those that are directly bringing in income to the company coffers. I got much larger raises and bonuses when I was in HR consulting and at least 80% of my time was directly billed to clients. And those were in the early-mid 90s where typical annual raises were at least 4% for everyone. I haven't had a raise in 3 years, although we do get Christmas bonuses (same for all at the corporate level and then lower at each business).
All I can suggest is to write down all that you do for the company and sit down and ask what you can do to receive a higher bonus/raise. What goals in the coming year to get there? Try to get those in writing.
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Post by ~summer~ on Nov 23, 2016 1:53:10 GMT
If you filter by region and title glass door and salary.com are pretty accurate
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Post by vspindler on Nov 23, 2016 2:19:52 GMT
Robert Half might have the info you are looking for, given your position.
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Post by misadventurous on Nov 23, 2016 2:55:50 GMT
The IMA does an annual survey (Google IMA 2015 US salary survey) that breaks down accounting salaries by experience, education, certifications, etc. You might find some useful info there. There's also a salary calculator, but it doesn't take into account what part of the country you are in.
Good luck!
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smginaz Suzy
Pearl Clutcher
Je suis desole.
Posts: 2,606
Jun 26, 2014 17:27:30 GMT
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Post by smginaz Suzy on Nov 23, 2016 3:20:52 GMT
I'd stop focusing on salary data and make my argument based on your specific contributions, unless you work for a manager that is particularly moved by comparable market data. (In my HR experience, that is rare.) I've seen far better responses and salary adjustments when you can demonstrate where you have created efficiency, developed solutions, etc. than by using the underpaid argument. By the way, it does not mean that argument is invalid, just rarely successful in my experience. To truly see jumps in salary, you do have to move to different companies, not job hopping, but every 2-5 years depending on your role. Internal equity is incredibly difficult to achieve, and that is unfortunate, but it is reality.
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Post by SweetieBugs on Nov 23, 2016 4:32:32 GMT
I'd stop focusing on salary data and make my argument based on your specific contributions, unless you work for a manager that is particularly moved by comparable market data. (In my HR experience, that is rare.) I've seen far better responses and salary adjustments when you can demonstrate where you have created efficiency, developed solutions, etc. than by using the underpaid argument. By the way, it does not mean that argument is invalid, just rarely successful in my experience. To truly see jumps in salary, you do have to move to different companies, not job hopping, but every 2-5 years depending on your role. Internal equity is incredibly difficult to achieve, and that is unfortunate, but it is reality. Thank you for your input. I would think that the clear and demonstrable increase in my work load from year to year over the past few years should be enough to warrant a pay increase or bonus and they have even spoke about hiring someone to work for me as they know there is a lot of work.
Unfortunately, I've heard them mention before that so and so isn't getting a raise because they have no where else to go. My bosses feel that there wouldn't be any better jobs/better pay for this particular person due to the somewhat specialized nature of her job. They obviously feel they have me up against a wall and that makes me really upset. I am going to be job hunting and doing some very deep thinking as I would really like to call their bluff. It is the principle of the matter.
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