What Pay Raise Can You Expect From Your Employer?
Do you believe your work is worth more money than you are making?
If so, you are not alone. According to a Salary.com survey of 13,500 random visitors, 65 percent of respondents said they are looking for a new job within the next three months. Of those, 57 percent say they are looking because they believe they are underpaid.
The really interesting finding is that, when compared with the firm’s market data on similar positions, only 19 percent of the group is underpaid; 17 percent appear to be overpaid, and 34 percent are fairly compensated.
Why Do Some Employees Receive Salary Increases?
Yet, some employees do make more than others for similar work
They regularly receive pay raises and salary increases.
Four different employment issues primarily drive this fact about salary increases. Pay raises are dependant upon:
the industry you are employed in,
the market and market pay for your job in your region,
the pay practices of your organization, and
your performance on your job.
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