Questions

How do you know that you are being adequately compensated for your skills?

"I'm not paid what I'm worth." Who hasn't said this at least once? I certainly have. But if we subscribe to classical economics which says that the price paid for any given service is the price at which the quantity supplied equals the quantity demanded, aren't we paid precisely what we're worth? And if we still believe we're trading at a discount to our intrinsic value, is it possible to change the market's mind?

3answers

Salary surveys, talking to other people in similar positions are reasonable starting points. In my opinion, getting a competitive offer now and again (by interviewing elsewhere) is the easiest way to make sure that you're being adequately compensated.


Answered 9 years ago

I am not sure if you are looking for a more abstract or philosophical answer, but I'd say benchmark it. I use AngelList's talent product when trying to figure out what the market rate (in my area) is for a giving skill set. It is a great tool for hiring, but similarly a great tool for talent looking to understand what their skills are worth.


Answered 9 years ago

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