Are You Getting Paid What You Deserve?

Do you feel like your paycheck reflects your true value?

Many people are underpaid—sometimes without even realizing it. Misaligned roles, staying too long in the same company, or working in low-paying industries are all common reasons. But here’s the good news: addressing these issues could add tens of thousands—or more—to your salary. Let’s break it down into actionable steps so you can ensure you’re getting paid what you’re worth.

Are You in the Right Role?

Sometimes the problem isn’t your skills—it’s your job title or role. If your responsibilities and contributions don’t match your title, there’s a good chance you’re being underpaid.

For example, someone with the title “junior analyst” might actually be doing the work of a senior analyst or even a data scientist—roles that typically pay much more. This misalignment is one of the easiest ways to leave money on the table.

What to Do:

Look for positions that match what you’re already doing—or what you’re capable of doing with a slight stretch. If your current company doesn’t recognize your value, it might be time to move to one that does.

Has Your Pay Fallen Behind?

Staying in one company for years without a promotion might feel secure, but it can hurt your earning potential. Here’s why: companies usually pay market rates to hire new employees, but raises for existing employees often don’t keep up with inflation.

Over time, this impact can become significant. In just four years, inflation alone can erode your real income by over 10%—and even more during periods of higher inflation like nowadays. Without consistent raises or promotions, your salary effectively decreases in value, even if the number on your paycheck stays the same.

What to Do:

Switching companies often results in a 10–20% salary increase, even if the role is similar. If you’ve been in the same job for years without a significant raise, exploring new opportunities might be your best move.

Is Your Company or Industry Paying You Below Market?

Not all companies or industries pay equally for the same work. Some simply offer lower salaries due to factors like budget constraints, less competitive hiring practices, or operating in a low-paying sector.

For example, companies in industries like tech or finance often pay above market rates to attract top talent, offering higher salaries, bonuses, and equity packages. On the other hand, businesses in slower-growth or less competitive sectors may lag behind, leaving employees underpaid compared to their peers in similar roles elsewhere.

What to Do:

Use tools like Levels.fyi to compare salaries for your role across different companies. Identify which industries or organizations pay better and focus your job search there.

Take Control of Your Value

Fear Rejection? Build a Backup.

Negotiating a raise can feel risky, but having a backup plan helps. Apply for other jobs to get a reality check on your market value. Even if you don’t use an outside offer, knowing what others are willing to pay boosts your confidence.

Plan for Growth, But Stay Marketable.

Moving into senior roles increases your earning potential, but be cautious of the “golden trap,” where your pay outpaces the market value of your skills. Keeping your skills competitive ensures you’ll continue to have leverage in the job market.

Know the Rules.

If you’re in California or similar states, remember that employers cannot ask about your current salary. This helps that your future pay reflects your skills and value, not your past earnings.

It’s About More Than Money

Fair pay is essential, but it’s not the only factor. Job satisfaction, opportunities for growth, and alignment with your values also play a big role in career fulfillment. That said, being paid what you’re worth is key to financial stability and professional confidence.

If you think you’re being underpaid, don’t wait. Take the time to assess your value, explore new opportunities, and make a move. Your career—and your bank account—will thank you.