Easy. Switch jobs! One thing to note about non profits that is a huge selling point for candidates might be the student loan payoff program where if you work in gov or for non profit entities, your student loans are forgiven after 10 years. Many people would gladly work for $10k less a year to have $100k of student loans forgiven, for example.
Honestly the best thing to do is to just go to another company. 20% raises at your current company is a rarity but 20% jumping to another company is rather common. Love the content :)
I lowballed myself for a job position and the employer said they would pay me a lot more. They ended up offering me a position that was 40% higher than my low salary requirement regardless of my original lowball salary requirement. It must be a 1 in a million circumstance but I'll have to keep this in mind when i'm on the hunt next time!
I was offered above my pay indication as well and my pay indication has already on the higher end. Its a tech company though so I guess it makes sense???
Happened to me to, I asked about it a bit later and it came down to alot of competition in the area so if they underpay too much I'm more likely to leave in a year or so.
@@FanEAW Definitely a fair point. It's been a wild ride since that original post and i actually get a bit more insight into how pay works in my project and how its changed over time for both me as well as folks on my project compared with profit for the company.
You should do a video on how employers determine annual compensation increases. I am awaiting my performance review, but got my documents today. I suspect it's average based on the increase. That said it could be below average as I received a 3.5% increase while inflation is up 7.5% according to the department of labor. That feels like a 4% decrease in pay disguised as a pay raise
If raising everyone's wages means they can't afford as many employees, that can be a hard decision to make and also means the job becomes harder for those they keep. Money isn't unlimited. Open communication from higher level helps with determining their reasons. Good companies that care about their people, also want to not lay people off if they can avoid it.
In average years, I would get 1-2% raises every year with "good" or "average" performance review - basically I'm doing the job they hired me for. About 60% of people got that rating and I assume the same type of raise. Those with a lower rating probably didn't get a raise at all and those with the lowest rating were often put on a PIP or terminated. At one company (a bank), I asked what the difference in comp was between my "average" and the highest rating - my manager told me perhaps 0.25 to 0.5% increase. The problem is they wanted me to work more than 45 to 50 hours a week to hit that rating. So, yeah, I told my manager that I was very happy with my review. The past two years, I have been working for a boutique IT consulting shop based out of NYC (I'm fully remote from Orlando). They have no formal "review" process per se - basically you give yourself a set of reasonable goals and you see if you hit them. I got a 5% raise each year - of course, I appreciated it since my previous company probably would have given me the same old 1.5% raise. But inflation being super high eroded much of that benefit.
When I started working as chemist (straight out of school) , my starting salary was more than the chemist who had been with company for more than 7 years, I was confused as he was more skilled, more industry knowledge and taking on more responsibility. He was let go and the new guy replacing him got even better salary
You can expect to be paid like that guy if you stay there for 7 years. These companies are required to grow by unrealistic percentages year over year, so they'll take advantage of you wherever possible
This is normal, this channel explained it in his video "why a steady job is bad for your career". Basically, people who quit jobs every 3-5 years have a 50% higher salary (even more if you take out CEOs) than those with the same job all their life. This is employers HATE putting the salary range in their job applications, because their current employees would know they are been low balled.
I don't understand this. If i were the employer, I would never fire the more valuable and loyal employee and pay More for a less experienced and knowledgeable one. so stupid. A healthy company hires competent people, values them, has a plan for continual turnover due to promotions, retirements, new hires, and values the customer, while seeking to deliver a quality service and product. But people expect companies to seek short term gains at the expense of longevity.
Just watched one of your videos on prospective employers making job applicants jump through hoops in the interview process - - wow, your candor and bluntness are like a breath of fresh air! Thank you!
Remember, people who quit jobs every 4-5 years have a 50% higher salary (even more if you take out CEOs) than those with the same job all their life. This is employers HATE putting the salary range in their job applications, because their current employees would know they are been low balled.
You listen to all the jabbering here and it's just HR blather about how you're getting paid a fair salary for the market. So they're going to say "we can't pay you more because that's what other people doing the job get paid". But if you are underpaid and ask for an increase because you see that other people doing the same job get paid more, well, all of a sudden it becomes how you have to justify why you're worth that much. Damned if you do, damned if you don't. Just move to another company. Most crap jobs I was at, you'd be lucky to get a 2% "merit" increase in the annual review. They'd give 3% if you were a "star performer". Move to another company and you can jump 20%, as has been said elsewhere.
Absolutely agree 1000%. In my career so far it has been similar, around 2 to 3% annual increase (and that sometimes barely covers inflation so there you go). Changing jobs I've been able to achieve medium to high increases depending on the previous job employer. Even if you are promoted in your current employer the salary increase won't be anything crazy, it's a bit like the ISPs, you only get the better deal when switching
You are not supposed to know what other people are getting paid in the Co. If so you are setting yourself for failure. On the other hand if you find out it could help you in some cases.
@@novadhd The only person who benefits from you not knowing what your coworkers are getting paid is your employer so they can screw you. The people I work with now publish salary with all job postings.
In 2019 i interviewed for a local grocery chain that i had previously worked for and the recruiter told me that I would be paid a particular hourly rate if hired before passing me along to the hiring manager. After interviewing with the hiring manager, he offered me the job but add an hourly rate that was 50% less than what the recruiter had told me. The recruiter reached out to me that same day and asked how the interview went. I told her that it went well but that i had been offered a lower pay rate than expected. She apologized and the next day she let me know my start date and that I would be at the higher hourly rate she had originally told me. I left the company a few months later out of principle when i discovered that hiring manager gave special treatment to employees who commited what would normaly be fireable offenses.
Yeah, don't forget that if a company changes what they pay in a position they will get rid of someone that gets paid well over there new pay scale, despite how skilled or time they have with the company.
Discovered you today and LOVED your videos! Make one about pay bands in industries that are becoming more and more remote friendly post Covid! How to handle pay when location isn't the first characteristic of your main competition for any given talent.
I just want to say that some of the problem is not the company or owners but HR. I worked for a company diligently, giving in my all. I later got to know I was paid below some one who had just come in had not even been licensed. I worked for this company 6 years. I felt so discouraged and put in my two weeks.
I had an HR that deleted whatever the board agreed on paying me and made it the lowest possibly allowed. Technically, the workplace wanted me to do more work than they were legally allowed to ask of me for the compensation I received.
I just found your channel. I am a Heavy-duty mechanic and I find that HR is the biggest wast of time. If HR is handling the interviews and hiring its a very bad sine.
I remember when I was an intern in a French bank, I found out another intern was paid 200€ more than me per month, he was from exactly the same university than me. I sent a mail to HR complaining. They changed the salary and compensate me retroactively :D
When I received my offer letter it was for 32 hours at the middle of their respectable salary range. I asked if they were open to negotiate and they said that they were. So I asked for 50¢ less than the top of the range (because of 12+ years of experience in the field) and 40 hours. I got it! When they sent the schedule, they had me working every Saturday. I asked to alternate everything other Saturday with every other Monday, and they agreed. I only had to do one interview with the hiring manager. They are a small private practice mental health agency and they do not offer medical benefits, but I have medicare, so that's not a problem. The agency owner sent me a LinkedIn message welcoming me aboard. I can't wait to start tomorrow.
I love your content! It’s very helpful! Your comment section is always full of really hostile people which sucks because this is information that I don’t hear other people talking about on this level. Keep on keeping on regardless.
Question: When invited for a first interview with HR the email invitation said the position had a salary range of $105,000 to $115,000. At the first interview with HR I was asked what I felt a fair salary was, and I said $112,000. The interviewer said that sounded fair and that the range for this position is $110,000 to $130,000. So either the email or the HR rep was wrong. I have now been invited to a second interview. If they ask the salary question again, should I stick with $112,000? I think $112,000 is a fair salary for this position, but I don’t want to come across as not confident in my skills or earning potential.
Man you low balled yourself...next time ask them the budget before you answer. Recruiters are HR it's their job to save the company money....low ball as possible
Thank you for the sound tips. Will have to use it for the next opportunity that comes along. I asked for a compensation wayyy too low as "expected salary" when i joined-didn't research enough, they jumped at the chance i got the offer immediately. Not sure how to reverse that anymore (and COVID happened) and the annual increment is pathetic 🤦♂️I'm in huge intl tech firm.
@@ALifeAfterLayoff youtube has become so influential....I have no idea how I would have found your website with out your videos, interesting and scary all at the same time
@@rick2591 Won't companies see that as loyalty though since you stay with a company for so long ? Why would they view it negatively, I thought it would be worse constantly job hopping on paper.
@@krayziejerrynot necessarily. I had a very good employee and he informed me that he was looking to grow his career and felt that he could provide better for his family if he found a different job. He asked me what I would do. I told him I would make sure that this position was better than the current position, and if it was, take the new position. I respected him more for getting a better position than staying on my team. I missed him, he was a great team lead. Unfortunately, I was not in a position to offer him what he was worth.
This is great advice. Another video I also heard of asking for a "salary adjustment." Thoughts? Salary Adjustment is where you periodically look at the market and ask for your salary at your current job to be adjusted to meet market (not including *usual* incremental increases). I think this option works for me as I'm a year and a half in my IT job after college I like, but settled for low entry pay.
I’m no HR expert and it obviously varies on a case by case basis but in my experience a market adjustment for a salaried job isn’t the best idea for a pay raise, especially after 1.5 years (which is really young in your career!). You should start compiling examples of positive feedback you’ve gotten from other staff, especially management, and talk to your bosses about additional responsibilities you’ve taken on and executed well.
Yeah, especially compensation for office supplies/services and utilities. Since we've been home for COVID hours are up and my utilities are up 30-40%. Just because our obligations for commuting are gone it doesn't mean we should absorb their obligations for utilities and office supplies/services.
There might not be that much relevant data on that yet, especially since companies that didn't offer remote 2yrs ago are doing so now. Whatever data there was on remote compensation before 2020 might not apply.
It's crazy, some companies moved to remote so quickly that employees are still now using their own equipment at home to log into the company portal. And others are completely compensating for remote work and provided company equipment for home. It's a wide range.
Excellent content. Would you be able to do a video on jobs that have an array of duties without a niche? I know someone who feels stuck on their career path since they're juggling a variety of duties in their department which doesn't allow them to grow and get promoted.
I’m not underpaid. My wage rate is in the top 80% of national income for very similar jobs. My home is just about average so I make good money. However, I’m in the medical field with little opportunities to advance in my current job. The only direct competitor pays 35% less. I think I need to move into a new job field. I’m preparing my resume, using linked in, checking indeed, and I’m trying to build data to show that they are under paying my position. I have a good argument, just need to back it up.
Someone I used to work with , he was a construction site manager, said he always asks for the top end of the salary range offered, if they can afford it he wants to make sure he gets it.
The advice still holds because some ppl may jump into diff company but if you are at an industry that doesnt pay high, you will hit a ceiling pretty soon.
I love the concept of pay leader vs pay larger. I am curious to know your take on companies who pay people a lot less than because they are living in a developing country? While the cost of living is lower, there are a lot of things that we won't have access to that people who are doing the same job and living in developed countries have access to. For instance, there are professional training that cost over 2000 USD and if we are paid something like 900-1200 USD we would never be able to afford those. Also we might be more qualified than the people who are paid more than us and yet we are getting a lot less than them. Is it our fault that we were born in a developing country?
The company should pay for the professional training costs as they are not paying you enough to cover the costs for professionalization. Often companies have contracts for having to work there a year or 2 after completing a degree they pay for.
@@nombre1248 just Google my area and my husband's job title and the average pay should bring up the average and ranges for your area for your specific job
I'm surprised at the suggestion that asking for a pay rise could result in having to look for a new job. Here in Australia that's illegal. The worse that would happen is that the pay rise is rejected. In that case I imagine that someone who values themselves would seek another job. So yes, have the resume ready...... ready to take advantage of opportunities outside of the current employer.
Love ALL your HR videos and advice! So, help me understand this, what happens if you get offered the top end of the pay range (ie. 80k-$125k) and you get offered the $125k, can you still receive a raise of some sort due to cost of living increase? Not sure if you already mentioned this. Thanks for the clarification.
@@ALifeAfterLayoff but the whole range will move up when there are wage increases. Does this not happen in USA? Let's say everyone gets 5% extra, the range moves from 80 - 125k to 84 - 131k so you are also getting 5% more.
Great content. I'm curious, what if their initial offer is way above what you're happy with, should you still nego and how far should you try to push it?
A skill metric I used was, get a skill doing something where they can't just replace me with an average Joe off the street with 2 weeks of training. When you are easily replaced, you are replaced easily... to state the obvious.
What if you gave your salary expectations before the interview through an online application and realize you exceed their expectations in the interview process?
They won’t even shortlist you. If you are below or within then they will look at other criteria. I give a range and if the online application doesn’t allow a range, I’ll either discard it or put a higher end of my expectation.
BRYAN!! Thanks for creating this video; as a hiring manager for around 10 years I can confirm this is very accurate info. Question: As you mentioned in this video, the cost of living around the work site is a factor in the salary range made available for a given position, but how does this affect positions that are 100% remote? Is the range determined by the physical site designated to the hiring manager/team, is a national average used, or is it based on the address of the candidate? If the third, does that mean, all other things being relatively equal, the recruiting team will prefer someone residing in an area with a lower cost of living? Thanks in advance!
@@errrzarrr Cost of living is a big factor in that calculation. Let's say there's a mid-career level software engineer with a solid list of recent and relative skills. If that person is offered $150k/yr and would be living and working in Kalamazoo MI, that person may feel really impressed by such an offer while another person with the same skills and experience in San Jose CA would likely feel insulted.
This is a North American type of situation. Here in Australia, it's a bit different and from my experience (telecommunications), we're pretty much under-appreciated and even with a very high qualification and skill base. I specifically know a few professionals who steer clear of this industry because of a systemic regression and poor treatment of talent in the industry.
Speak up to HR that you are being underpaid for your work and that it is not right that you make 70% less than someone who will start out working the same job without experience.
Thanks for sharing this ❤️ your content very helpful to us. I'm going back to work with horses soon and I've years of experience. I'll be working normal hours but I find the trainers are not great for paying properly so I'll make sure I get 500+ per week or I won't be working for anyone. I've subscribed❤
A lot of bias here. Big companies here usually pay less because of the name recognition and have much more rigid salary structures so the scope to negotiate what you are worth is much lower.
If everyone got paid exactly what they were worth no organization would be profitable and and an alarmingly large number of people would get a bill instead of a paycheck.
I am currently working in manufacturing industry as IT & I am only one IT in Big Manufacturing industry and they didn't increase my salary but I do all the task as well so I am planning to get IT certs and find another company that pay me right..
What if someone has many years of experience versus someone who is a novice, would you still pay them the same salary even if they do the same amount of work?
Why would a company have a plan to be a 'pay lagger'? And if it is set by the executives, then surely the executives themselves are paid fairly poorly. I work for a large bank. We have significant market share and are a top listed company. I have read that the company philosophy on remuneration is that base pay is set at market median, and then the addition of variable remuneration to allow the possibility of top performers to be paid at 75th percentile. However, a few things to note. Just because it is 'possible', does not mean it will necessarily happen (it is subject to budget constraints and internal politics). Also, variable remuneration is only paid once per year, around October, for the previous financial years performance. So you can work up to September, be the best employee ever, but still only get paid the median pay. Also the fact that it only allows for people to be paid up to the 75th percentile. That, by definition, means 'we don't want the top 25% of people here'. I have advanced skills in STEM and Financial Maths. I was always at the top of my classes at university. Yes, university does not equal corporate, but in areas that require strong reasoning and ability to communicate with others, it does mean something. I feel I am 'underutilized' where I am. There are many people I went to university with that are doing far better than me. Not that I am doing particularly bad. But I could be doing so much better. Some companies are also 'penny wise and pound foolish'. Like my company does not want to give everyone a raise to match inflation (they only gave 2.8% increase) but then they bring in tons of people on day rate contracts (at huge rates) that have similiar skills to existing full time employees to run projects.
Ok this is my dilemma im a Dental assistant and my bf moved to ohio bc of his job and i stayed behind while he settles in. Anyways ive been looking in indeed at job postings for dental assistant and literally pay $10 less at their higher rate... Sooooo would i have a chance in negotiating at least the compensation i get here. Its literally the same job description.
Hi, I am Python IT engineer (Data Science, Computer Vision, Little bit neural networks), pay grades in my Country (Czech Republic) are quite low, is there an option to work remote for U.S Companies somewhere?
What is the most reasonable form of additional compensation to ask for if the salary offered is low and the company says they cannot offer a larger salary? You said a few examples, but what do you think is the most reasonable compensation in addition of a lower salary from a company of 75 employees that is family owned?
Yo what if you’re overpaid. I got a project management job right out of college making 70k and 1 year later I’m making 85k in a lcol area. I have unlimited pto, 9-430 every day with a hour lunch and half days on Friday. I got bad grades at a decent private college I have no idea what I did but I feel this is not normal.
I am in conflict with another aspect of the compensation topic. My company hires very commonly freelancers as support for our projects. In these projects I am having the management role, also carry the technical know how and carry the responsibility for the execution of the project. The freelancers usually work below me. Therefore I give them the tasks and they execute them. They don't carry any direct responsibility. What is the problem? These freelancers cost the company 2x or 2.5x more than me. The price which my company pays for these freelancers is industry standard. Furthermore I am most of the time much more productive and knowledgeable than these freelancer. Therefore I feel conflicted with this situation. This makes me feel massively underpaid. My salary is determined by a union contract for this industry. Since this union contract is public, I know I can negotiate another 20% salary raise but even with this, I am still around 50% cheaper in comparison to the freelancers my company hires for every project.
Discuss this openly with your employer, and be honest about your feelings about this. They then have two options: either they give you a different role with different title and thus higher pay grade, or tell you sorry we can’t do anything about it. With option 2 being they eye opener for you to start looking for another company, which will pay you what you deserve.
@@vincentcrowley5196 After talking to my boss about this topic and after evaluating my options, I am currently planing to do this step. My boss doesn't like the idea. The freelancers I work with all encourage me to do this step.
@Adam Thrussell Bryan Thank you for the TH-cam presentation. My passion is history. I sometimes speak to Paul Dunn of Valid ,Cremorne, Richmond Suburb of Melbourne, State of Victoria, Australia. I have done some writing about the Crimea War of the 1850s, therefore Street names like Alma Road, named after the battle of Alma River, Inkerman Street , Malakoff Street, Sebastopol Street, named after British Officers , Lord Argyle , Argyle Street off Chapel Street , Lord Cardigan , Cardigan Street off Hotham Street. What do you think, Bryan?. Big M 1981 Marathon Frankston to Melbourne Town Hall Stay healthy and well
What if we make decent money in one industry but want to switch to the industry we studied in college buy due to limited experience the salary for the industry we want to be in will be too low... the meme of all the experience and tools/software companies are demanding is real and so upsetting Also foes education count as experience at the BA/BS level? How about the Masters/ MS level?
I accidentally lowballed myself by a LOT during my latest contract as a social media consultant for a major international instance (I'm an IT and media tech engineer, also have knowledge on live broadcasting on a national/international level). I just feel so goddamn guilty asking for the median salary, because most of the time I feel so insecure about if I actually know anything of value at all xD even my union is pushing me to ask for median salary, but I feel like an ass asking for it from future employers :D Where's my #LowSelfEsteemGang at?
Glassdoor estimate is always below the actual amount I could get
Being paid what you're worth? Nope. You won't catch ME working for nothing!
🤣
😂
Same lol 😂
🤔🤭🤣
My sibling in christ. They did not say your self worth
Move jobs every 18 to 36 months!! If you aren't getting promoted every year, it's time to move on!!
Easy. Switch jobs! One thing to note about non profits that is a huge selling point for candidates might be the student loan payoff program where if you work in gov or for non profit entities, your student loans are forgiven after 10 years. Many people would gladly work for $10k less a year to have $100k of student loans forgiven, for example.
Honestly the best thing to do is to just go to another company. 20% raises at your current company is a rarity but 20% jumping to another company is rather common.
Love the content :)
yeah exactly and if you get a 20% raise at current employer, they will expect you work 100% harder and your work load will shoot up like crazy.
Exactly! And then some boomer will say millenials are not loyal or don't last in companies...well yeah, it pays to switch companies
@@spector3881 how can employees be loyal when companies are disloyal.
@@asadb1990 agreed!
Agree
I lowballed myself for a job position and the employer said they would pay me a lot more. They ended up offering me a position that was 40% higher than my low salary requirement regardless of my original lowball salary requirement. It must be a 1 in a million circumstance but I'll have to keep this in mind when i'm on the hunt next time!
I was offered above my pay indication as well and my pay indication has already on the higher end. Its a tech company though so I guess it makes sense???
Happened to me to, I asked about it a bit later and it came down to alot of competition in the area so if they underpay too much I'm more likely to leave in a year or so.
if your company was a government contractor that might be why, companies tied to the government are more closely watched.
@@FanEAW Definitely a fair point. It's been a wild ride since that original post and i actually get a bit more insight into how pay works in my project and how its changed over time for both me as well as folks on my project compared with profit for the company.
Id rather start at the high end of the range and earn merit increases through bonuses and/or extra pto days
I agree, you can invest that money and begin earning more with the assets you saved.
Same here. Promotions and merit pay are not guaranteed.
You should do a video on how employers determine annual compensation increases. I am awaiting my performance review, but got my documents today. I suspect it's average based on the increase. That said it could be below average as I received a 3.5% increase while inflation is up 7.5% according to the department of labor. That feels like a 4% decrease in pay disguised as a pay raise
If raising everyone's wages means they can't afford as many employees, that can be a hard decision to make and also means the job becomes harder for those they keep. Money isn't unlimited. Open communication from higher level helps with determining their reasons. Good companies that care about their people, also want to not lay people off if they can avoid it.
In average years, I would get 1-2% raises every year with "good" or "average" performance review - basically I'm doing the job they hired me for. About 60% of people got that rating and I assume the same type of raise. Those with a lower rating probably didn't get a raise at all and those with the lowest rating were often put on a PIP or terminated. At one company (a bank), I asked what the difference in comp was between my "average" and the highest rating - my manager told me perhaps 0.25 to 0.5% increase. The problem is they wanted me to work more than 45 to 50 hours a week to hit that rating. So, yeah, I told my manager that I was very happy with my review.
The past two years, I have been working for a boutique IT consulting shop based out of NYC (I'm fully remote from Orlando). They have no formal "review" process per se - basically you give yourself a set of reasonable goals and you see if you hit them. I got a 5% raise each year - of course, I appreciated it since my previous company probably would have given me the same old 1.5% raise. But inflation being super high eroded much of that benefit.
So true about the loyalty vs market. You need to negotiate a pay rise by stating what you do vs local market.
When I started working as chemist (straight out of school) , my starting salary was more than the chemist who had been with company for more than 7 years, I was confused as he was more skilled, more industry knowledge and taking on more responsibility. He was let go and the new guy replacing him got even better salary
thats pretty sad tbh
You can expect to be paid like that guy if you stay there for 7 years. These companies are required to grow by unrealistic percentages year over year, so they'll take advantage of you wherever possible
Omg :(
This is normal, this channel explained it in his video "why a steady job is bad for your career". Basically, people who quit jobs every 3-5 years have a 50% higher salary (even more if you take out CEOs) than those with the same job all their life. This is employers HATE putting the salary range in their job applications, because their current employees would know they are been low balled.
I don't understand this. If i were the employer, I would never fire the more valuable and loyal employee and pay More for a less experienced and knowledgeable one. so stupid. A healthy company hires competent people, values them, has a plan for continual turnover due to promotions, retirements, new hires, and values the customer, while seeking to deliver a quality service and product. But people expect companies to seek short term gains at the expense of longevity.
Just watched one of your videos on prospective employers making job applicants jump through hoops in the interview process - - wow, your candor and bluntness are like a breath of fresh air! Thank you!
Remember, people who quit jobs every 4-5 years have a 50% higher salary (even more if you take out CEOs) than those with the same job all their life. This is employers HATE putting the salary range in their job applications, because their current employees would know they are been low balled.
You listen to all the jabbering here and it's just HR blather about how you're getting paid a fair salary for the market. So they're going to say "we can't pay you more because that's what other people doing the job get paid". But if you are underpaid and ask for an increase because you see that other people doing the same job get paid more, well, all of a sudden it becomes how you have to justify why you're worth that much. Damned if you do, damned if you don't. Just move to another company. Most crap jobs I was at, you'd be lucky to get a 2% "merit" increase in the annual review. They'd give 3% if you were a "star performer". Move to another company and you can jump 20%, as has been said elsewhere.
Absolutely agree 1000%. In my career so far it has been similar, around 2 to 3% annual increase (and that sometimes barely covers inflation so there you go). Changing jobs I've been able to achieve medium to high increases depending on the previous job employer. Even if you are promoted in your current employer the salary increase won't be anything crazy, it's a bit like the ISPs, you only get the better deal when switching
You are not supposed to know what other people are getting paid in the Co. If so you are setting yourself for failure. On the other hand if you find out it could help you in some cases.
@@novadhd The only person who benefits from you not knowing what your coworkers are getting paid is your employer so they can screw you. The people I work with now publish salary with all job postings.
@@novadhd Why shouldn't you be able to discuss it with others and find out what others in your group or field are making?
@@wclark3196 💯
My company is a pay lagger. They also have no salary bands lol. And want inequity among pay. Getting a few yrs experience here and moving on.
Damn, where is the heart button when you need it! This is sound advice!
Appreciate it!
In 2019 i interviewed for a local grocery chain that i had previously worked for and the recruiter told me that I would be paid a particular hourly rate if hired before passing me along to the hiring manager. After interviewing with the hiring manager, he offered me the job but add an hourly rate that was 50% less than what the recruiter had told me. The recruiter reached out to me that same day and asked how the interview went. I told her that it went well but that i had been offered a lower pay rate than expected. She apologized and the next day she let me know my start date and that I would be at the higher hourly rate she had originally told me. I left the company a few months later out of principle when i discovered that hiring manager gave special treatment to employees who commited what would normaly be fireable offenses.
Yeah, don't forget that if a company changes what they pay in a position they will get rid of someone that gets paid well over there new pay scale, despite how skilled or time they have with the company.
Discovered you today and LOVED your videos! Make one about pay bands in industries that are becoming more and more remote friendly post Covid! How to handle pay when location isn't the first characteristic of your main competition for any given talent.
Thanks for the encouragement and similar nudges across several videos. Reinforces the general sense of what some of us should do next!
I just want to say that some of the problem is not the company or owners but HR. I worked for a company diligently, giving in my all. I later got to know I was paid below some one who had just come in had not even been licensed. I worked for this company 6 years. I felt so discouraged and put in my two weeks.
I had an HR that deleted whatever the board agreed on paying me and made it the lowest possibly allowed. Technically, the workplace wanted me to do more work than they were legally allowed to ask of me for the compensation I received.
I just found your channel. I am a Heavy-duty mechanic and I find that HR is the biggest wast of time. If HR is handling the interviews and hiring its a very bad sine.
I remember when I was an intern in a French bank, I found out another intern was paid 200€ more than me per month, he was from exactly the same university than me. I sent a mail to HR complaining.
They changed the salary and compensate me retroactively :D
And they fired the other guy. Well done
When I received my offer letter it was for 32 hours at the middle of their respectable salary range. I asked if they were open to negotiate and they said that they were. So I asked for 50¢ less than the top of the range (because of 12+ years of experience in the field) and 40 hours. I got it! When they sent the schedule, they had me working every Saturday. I asked to alternate everything other Saturday with every other Monday, and they agreed. I only had to do one interview with the hiring manager. They are a small private practice mental health agency and they do not offer medical benefits, but I have medicare, so that's not a problem. The agency owner sent me a LinkedIn message welcoming me aboard. I can't wait to start tomorrow.
Valuable content here! Just found your channel. Keep it coming, I am taking notes! Best,
Appreciate ya! 🙏
Can you please do a video on how to negotiate your salary closer to the top range of the salary band?
I love your content! It’s very helpful! Your comment section is always full of really hostile people which sucks because this is information that I don’t hear other people talking about on this level. Keep on keeping on regardless.
Question: When invited for a first interview with HR the email invitation said the position had a salary range of $105,000 to $115,000. At the first interview with HR I was asked what I felt a fair salary was, and I said $112,000. The interviewer said that sounded fair and that the range for this position is $110,000 to $130,000. So either the email or the HR rep was wrong. I have now been invited to a second interview. If they ask the salary question again, should I stick with $112,000? I think $112,000 is a fair salary for this position, but I don’t want to come across as not confident in my skills or earning potential.
Man you low balled yourself...next time ask them the budget before you answer. Recruiters are HR it's their job to save the company money....low ball as possible
@@beats4life971 how would you ask that?
@@rx1026 by asking it. Take control of the interview. If they're not willing to disclose information that is pertinent to your position...
Ask for more
This makes me realise just how good I have it at my current job lol
Yes. I need to make hard decisions.
Thank you for the sound tips. Will have to use it for the next opportunity that comes along.
I asked for a compensation wayyy too low as "expected salary" when i joined-didn't research enough, they jumped at the chance i got the offer immediately. Not sure how to reverse that anymore (and COVID happened) and the annual increment is pathetic 🤦♂️I'm in huge intl tech firm.
Time to jump ship, I think.
And do not take a counter offer for you to stay.
Thank you......lots of grass roots tips here, keep posting
Appreciate the support!
@@ALifeAfterLayoff youtube has become so influential....I have no idea how I would have found your website with out your videos, interesting and scary all at the same time
Don’t stay at a company longer than 3 years. Ideally no more than 2 years
Why?
@@krayziejerry you make the most money when you move companies. And you get better opportunities. Be loyal to your career, not your workplace.
@@krayziejerry because
- If you stay too long most companies view that negatively
- Your next job will be at a substantial pay cut
@@rick2591 Won't companies see that as loyalty though since you stay with a company for so long ? Why would they view it negatively, I thought it would be worse constantly job hopping on paper.
@@krayziejerrynot necessarily. I had a very good employee and he informed me that he was looking to grow his career and felt that he could provide better for his family if he found a different job. He asked me what I would do. I told him I would make sure that this position was better than the current position, and if it was, take the new position. I respected him more for getting a better position than staying on my team. I missed him, he was a great team lead. Unfortunately, I was not in a position to offer him what he was worth.
You're the type of person I'd love to grab a beer with
Found the suggestion about developing a unique skill insightful. It's so easy to "go with the flow," because that's what "everyone" seems to be doing.
This is great advice. Another video I also heard of asking for a "salary adjustment." Thoughts?
Salary Adjustment is where you periodically look at the market and ask for your salary at your current job to be adjusted to meet market (not including *usual* incremental increases). I think this option works for me as I'm a year and a half in my IT job after college I like, but settled for low entry pay.
I’m no HR expert and it obviously varies on a case by case basis but in my experience a market adjustment for a salaried job isn’t the best idea for a pay raise, especially after 1.5 years (which is really young in your career!). You should start compiling examples of positive feedback you’ve gotten from other staff, especially management, and talk to your bosses about additional responsibilities you’ve taken on and executed well.
Can you do a video on remote vs non-remote as it relates to comp?
Yeah, especially compensation for office supplies/services and utilities. Since we've been home for COVID hours are up and my utilities are up 30-40%. Just because our obligations for commuting are gone it doesn't mean we should absorb their obligations for utilities and office supplies/services.
@@FSCHW I'm working for a goverment agency, and I get my commute compensation while working from home as compensation for the extra costs.
There might not be that much relevant data on that yet, especially since companies that didn't offer remote 2yrs ago are doing so now. Whatever data there was on remote compensation before 2020 might not apply.
It's crazy, some companies moved to remote so quickly that employees are still now using their own equipment at home to log into the company portal. And others are completely compensating for remote work and provided company equipment for home. It's a wide range.
Excellent content. Would you be able to do a video on jobs that have an array of duties without a niche? I know someone who feels stuck on their career path since they're juggling a variety of duties in their department which doesn't allow them to grow and get promoted.
I’m not underpaid. My wage rate is in the top 80% of national income for very similar jobs. My home is just about average so I make good money. However, I’m in the medical field with little opportunities to advance in my current job.
The only direct competitor pays 35% less.
I think I need to move into a new job field. I’m preparing my resume, using linked in, checking indeed, and I’m trying to build data to show that they are under paying my position. I have a good argument, just need to back it up.
What makes you not content to living how you are living?
Someone I used to work with , he was a construction site manager, said he always asks for the top end of the salary range offered, if they can afford it he wants to make sure he gets it.
Bad advice. Someone in the comments hit it on the nail. Just go to another company.
The advice still holds because some ppl may jump into diff company but if you are at an industry that doesnt pay high, you will hit a ceiling pretty soon.
@@bbch088
Why would you be in an industry that doesn't pay high? If that's the case change industries FAST.
The title of this video should be "How to get paid what every one else is worth."
I love the concept of pay leader vs pay larger. I am curious to know your take on companies who pay people a lot less than because they are living in a developing country? While the cost of living is lower, there are a lot of things that we won't have access to that people who are doing the same job and living in developed countries have access to. For instance, there are professional training that cost over 2000 USD and if we are paid something like 900-1200 USD we would never be able to afford those.
Also we might be more qualified than the people who are paid more than us and yet we are getting a lot less than them. Is it our fault that we were born in a developing country?
The company should pay for the professional training costs as they are not paying you enough to cover the costs for professionalization. Often companies have contracts for having to work there a year or 2 after completing a degree they pay for.
My husband is making around 35k less than what he should be paid for his position 🤦♀️Jesus we had zero idea
How’d you find out
@@nombre1248 just Google my area and my husband's job title and the average pay should bring up the average and ranges for your area for your specific job
@@gaia9593 What source are you using?
Max. 5 year in a role/position. Not more. I‘ve changed every two years the company and that was good.
Even 5 year is too much. I have been in the same team doing similar work for last 5 years, and I am starting to stagnate.
Change jobs every 18 months.
Not to undermine teachers; CNA, Med tech etc are grossly under paid because the funds go to the business owner, share holders, CEO, insurance
Súper thankful for all your insights YOURE AWESOME!!
Süper cool comment ! 😁
I'm surprised at the suggestion that asking for a pay rise could result in having to look for a new job. Here in Australia that's illegal. The worse that would happen is that the pay rise is rejected. In that case I imagine that someone who values themselves would seek another job. So yes, have the resume ready...... ready to take advantage of opportunities outside of the current employer.
My boss said he told people who asked for a pay rise to f off, so I did.
Love ALL your HR videos and advice! So, help me understand this, what happens if you get offered the top end of the pay range (ie. 80k-$125k) and you get offered the $125k, can you still receive a raise of some sort due to cost of living increase? Not sure if you already mentioned this. Thanks for the clarification.
If you're at the top end of your range, it's unlikely you'll receive any raise, cost of living or otherwise.
@@ALifeAfterLayoff Ok, thank you!
@@ALifeAfterLayoff but the whole range will move up when there are wage increases. Does this not happen in USA? Let's say everyone gets 5% extra, the range moves from 80 - 125k to 84 - 131k so you are also getting 5% more.
Great content. I'm curious, what if their initial offer is way above what you're happy with, should you still nego and how far should you try to push it?
Love you videos, so informative!
Glad you like them!
A skill metric I used was, get a skill doing something where they can't just replace me with an average Joe off the street with 2 weeks of training. When you are easily replaced, you are replaced easily... to state the obvious.
Good info thanks. I am currently dealing with the "remote pay" excuses now.
What are those?
@@errrzarrr I meant to say location pay
What if you gave your salary expectations before the interview through an online application and realize you exceed their expectations in the interview process?
They won’t even shortlist you. If you are below or within then they will look at other criteria. I give a range and if the online application doesn’t allow a range, I’ll either discard it or put a higher end of my expectation.
Don't fill this kind of forms. Do not.
BRYAN!! Thanks for creating this video; as a hiring manager for around 10 years I can confirm this is very accurate info.
Question: As you mentioned in this video, the cost of living around the work site is a factor in the salary range made available for a given position, but how does this affect positions that are 100% remote? Is the range determined by the physical site designated to the hiring manager/team, is a national average used, or is it based on the address of the candidate? If the third, does that mean, all other things being relatively equal, the recruiting team will prefer someone residing in an area with a lower cost of living? Thanks in advance!
from my experience it is based upon where you actually live
Why not pay them what they actually worth based on their skillset, experience and career. Regardless of where they live?
@@errrzarrr Cost of living is a big factor in that calculation. Let's say there's a mid-career level software engineer with a solid list of recent and relative skills. If that person is offered $150k/yr and would be living and working in Kalamazoo MI, that person may feel really impressed by such an offer while another person with the same skills and experience in San Jose CA would likely feel insulted.
This is a North American type of situation. Here in Australia, it's a bit different and from my experience (telecommunications), we're pretty much under-appreciated and even with a very high qualification and skill base. I specifically know a few professionals who steer clear of this industry because of a systemic regression and poor treatment of talent in the industry.
I'm a Pastry Cook but we are deeply under valued. Thanks to industrial baked goods we are de valued.
You have been a great help with your videos. You are very concise and to the point. Some other vlogger videos drone on and on
The company I have been with for 10 years is offering 70% more base salary than I am getting paid for the same position. I am not happy at all.
Speak up to HR that you are being underpaid for your work and that it is not right that you make 70% less than someone who will start out working the same job without experience.
Thanks for sharing this ❤️ your content very helpful to us. I'm going back to work with horses soon and I've years of experience. I'll be working normal hours but I find the trainers are not great for paying properly so I'll make sure I get 500+ per week or I won't be working for anyone. I've subscribed❤
Salaries are low for CPAs...pivot to IT add cloud.
Trying to juggle getting paid what I'm worth while avoiding ageism on my resume! {sigh}
A lot of bias here. Big companies here usually pay less because of the name recognition and have much more rigid salary structures so the scope to negotiate what you are worth is much lower.
outstanding!
No profits in the new England pay really well. :)
get money get paid 💸💰
As a recruiter, how much does where you got your MBA matter when selecting candidates?
I made a video about that.
@@ALifeAfterLayoff I’ll check it out. Thanks!
Would you please discuss how to handle inflated job titles?
Get paid what I'm worth? Hell, I need more than that.
If everyone got paid exactly what they were worth no organization would be profitable and and an alarmingly large number of people would get a bill instead of a paycheck.
Ideally you want to get paid more than you're worth. 😎
Excellent content!
Disagree, it's better just change jobs
🔥🔥🔥🔥great content
I am currently working in manufacturing industry as IT & I am only one IT in Big Manufacturing industry and they didn't increase my salary but I do all the task as well so I am planning to get IT certs and find another company that pay me right..
Why would I want to be paid below minimum wage?
What if someone has many years of experience versus someone who is a novice, would you still pay them the same salary even if they do the same amount of work?
I’m curious about the same question!
Why would a company have a plan to be a 'pay lagger'? And if it is set by the executives, then surely the executives themselves are paid fairly poorly.
I work for a large bank. We have significant market share and are a top listed company. I have read that the company philosophy on remuneration is that base pay is set at market median, and then the addition of variable remuneration to allow the possibility of top performers to be paid at 75th percentile. However, a few things to note. Just because it is 'possible', does not mean it will necessarily happen (it is subject to budget constraints and internal politics). Also, variable remuneration is only paid once per year, around October, for the previous financial years performance. So you can work up to September, be the best employee ever, but still only get paid the median pay.
Also the fact that it only allows for people to be paid up to the 75th percentile. That, by definition, means 'we don't want the top 25% of people here'. I have advanced skills in STEM and Financial Maths. I was always at the top of my classes at university. Yes, university does not equal corporate, but in areas that require strong reasoning and ability to communicate with others, it does mean something. I feel I am 'underutilized' where I am. There are many people I went to university with that are doing far better than me. Not that I am doing particularly bad. But I could be doing so much better.
Some companies are also 'penny wise and pound foolish'. Like my company does not want to give everyone a raise to match inflation (they only gave 2.8% increase) but then they bring in tons of people on day rate contracts (at huge rates) that have similiar skills to existing full time employees to run projects.
Ok this is my dilemma im a Dental assistant and my bf moved to ohio bc of his job and i stayed behind while he settles in. Anyways ive been looking in indeed at job postings for dental assistant and literally pay $10 less at their higher rate... Sooooo would i have a chance in negotiating at least the compensation i get here. Its literally the same job description.
Did you ever move to Ohio? I hope you decided well.
Not very likely in your new city and market!
Thought I'd mention it because you use the phrase often...
Data points
Datum point
Byron you’re absolutely right but use of data as singular is so common it’s better we just accept it.
I don't mess with any pay lagers!! This will hurt your career big time in the long-run, I believe!!
If people are working remote, is local area still as mmuch a variance?
Hi, I am Python IT engineer (Data Science, Computer Vision, Little bit neural networks), pay grades in my Country (Czech Republic) are quite low, is there an option to work remote for U.S Companies somewhere?
What is the most reasonable form of additional compensation to ask for if the salary offered is low and the company says they cannot offer a larger salary?
You said a few examples, but what do you think is the most reasonable compensation in addition of a lower salary from a company of 75 employees that is family owned?
Sign on bonuses are popular options.
Yo what if you’re overpaid. I got a project management job right out of college making 70k and 1 year later I’m making 85k in a lcol area. I have unlimited pto, 9-430 every day with a hour lunch and half days on Friday. I got bad grades at a decent private college I have no idea what I did but I feel this is not normal.
How did you compensate for the lack of experience?
I am in conflict with another aspect of the compensation topic.
My company hires very commonly freelancers as support for our projects. In these projects I am having the management role, also carry the technical know how and carry the responsibility for the execution of the project. The freelancers usually work below me. Therefore I give them the tasks and they execute them. They don't carry any direct responsibility.
What is the problem? These freelancers cost the company 2x or 2.5x more than me.
The price which my company pays for these freelancers is industry standard. Furthermore I am most of the time much more productive and knowledgeable than these freelancer. Therefore I feel conflicted with this situation. This makes me feel massively underpaid.
My salary is determined by a union contract for this industry. Since this union contract is public, I know I can negotiate another 20% salary raise but even with this, I am still around 50% cheaper in comparison to the freelancers my company hires for every project.
Discuss this openly with your employer, and be honest about your feelings about this. They then have two options: either they give you a different role with different title and thus higher pay grade, or tell you sorry we can’t do anything about it. With option 2 being they eye opener for you to start looking for another company, which will pay you what you deserve.
If you have the skills as good as theirs why not become a freelance?
@@vincentcrowley5196 After talking to my boss about this topic and after evaluating my options, I am currently planing to do this step. My boss doesn't like the idea. The freelancers I work with all encourage me to do this step.
What’s the best length to working for a corporate before moving to another one?
The race has it’s factor…!
@Adam Thrussell Bryan Thank you for the TH-cam presentation.
My passion is history.
I sometimes speak to Paul Dunn of Valid ,Cremorne, Richmond Suburb of Melbourne, State of Victoria, Australia.
I have done some writing about the Crimea War of the 1850s, therefore Street names like Alma Road, named after the battle of Alma River, Inkerman Street , Malakoff Street, Sebastopol Street, named after British Officers , Lord Argyle , Argyle Street off Chapel Street , Lord Cardigan , Cardigan Street off Hotham Street.
What do you think, Bryan?.
Big M 1981 Marathon Frankston to Melbourne Town Hall
Stay healthy and well
What if we make decent money in one industry but want to switch to the industry we studied in college buy due to limited experience the salary for the industry we want to be in will be too low...
the meme of all the experience and tools/software companies are demanding is real and so upsetting
Also foes education count as experience at the BA/BS level? How about the Masters/ MS level?
Sticking to a company for a longer period of time could have them pay for an MBA.
I accidentally lowballed myself by a LOT during my latest contract as a social media consultant for a major international instance (I'm an IT and media tech engineer, also have knowledge on live broadcasting on a national/international level). I just feel so goddamn guilty asking for the median salary, because most of the time I feel so insecure about if I actually know anything of value at all xD even my union is pushing me to ask for median salary, but I feel like an ass asking for it from future employers :D Where's my #LowSelfEsteemGang at?
Your worth the median salary. Tell yourself you are worth it.
Please call the Suicidal hotline now!!!
I misread the title as "get PLAID what you're worth". I think his shirt had something to do with it
What if I'm a Bagel Roller??
i can see your wife helped yo with the make-up for this video. that kind of cooperation just gives me the fuzzies ^^
Do what now?
a
Yikes - if Six Sigma is a factor - walk away!
So you want me to work for free?
That's the idea - I've had a number of jobs with russian volenteering.
Dont be an employee!
The world is shit.
the first thing should be “how much monetary value will this employee bring this business?” and not “what are others paying similar employees?” ...
You for the lower bracket, pay exploiter.