How can you evaluate your market value? [duplicate]

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Possible Duplicate:
How can I determine a reasonable salary to ask for?






I am very happy in my current position but I feel like I am being under paid. However, this could just be me having an over-inflated opinion of myself. How can you accurately and objectively estimate your market value (apart from just leaving and seeing what people will pay you)?







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marked as duplicate by Rarity Jun 3 '12 at 20:41


This question has been asked before and already has an answer. If those answers do not fully address your question, please ask a new question.














  • Ps. Im based in the UK
    – Tom Squires
    Apr 14 '12 at 11:31







  • 1




    I've made this the duplicate because the other question has much more detailed and better answers, even though this one came earlier.
    – Rarity
    Jun 3 '12 at 20:42
















up vote
32
down vote

favorite
8













Possible Duplicate:
How can I determine a reasonable salary to ask for?






I am very happy in my current position but I feel like I am being under paid. However, this could just be me having an over-inflated opinion of myself. How can you accurately and objectively estimate your market value (apart from just leaving and seeing what people will pay you)?







share|improve this question














marked as duplicate by Rarity Jun 3 '12 at 20:41


This question has been asked before and already has an answer. If those answers do not fully address your question, please ask a new question.














  • Ps. Im based in the UK
    – Tom Squires
    Apr 14 '12 at 11:31







  • 1




    I've made this the duplicate because the other question has much more detailed and better answers, even though this one came earlier.
    – Rarity
    Jun 3 '12 at 20:42












up vote
32
down vote

favorite
8









up vote
32
down vote

favorite
8






8






Possible Duplicate:
How can I determine a reasonable salary to ask for?






I am very happy in my current position but I feel like I am being under paid. However, this could just be me having an over-inflated opinion of myself. How can you accurately and objectively estimate your market value (apart from just leaving and seeing what people will pay you)?







share|improve this question















Possible Duplicate:
How can I determine a reasonable salary to ask for?






I am very happy in my current position but I feel like I am being under paid. However, this could just be me having an over-inflated opinion of myself. How can you accurately and objectively estimate your market value (apart from just leaving and seeing what people will pay you)?









share|improve this question













share|improve this question




share|improve this question








edited Apr 13 '17 at 12:48









Community♦

1




1










asked Apr 14 '12 at 10:46









Tom Squires

1,842917




1,842917




marked as duplicate by Rarity Jun 3 '12 at 20:41


This question has been asked before and already has an answer. If those answers do not fully address your question, please ask a new question.






marked as duplicate by Rarity Jun 3 '12 at 20:41


This question has been asked before and already has an answer. If those answers do not fully address your question, please ask a new question.













  • Ps. Im based in the UK
    – Tom Squires
    Apr 14 '12 at 11:31







  • 1




    I've made this the duplicate because the other question has much more detailed and better answers, even though this one came earlier.
    – Rarity
    Jun 3 '12 at 20:42
















  • Ps. Im based in the UK
    – Tom Squires
    Apr 14 '12 at 11:31







  • 1




    I've made this the duplicate because the other question has much more detailed and better answers, even though this one came earlier.
    – Rarity
    Jun 3 '12 at 20:42















Ps. Im based in the UK
– Tom Squires
Apr 14 '12 at 11:31





Ps. Im based in the UK
– Tom Squires
Apr 14 '12 at 11:31





1




1




I've made this the duplicate because the other question has much more detailed and better answers, even though this one came earlier.
– Rarity
Jun 3 '12 at 20:42




I've made this the duplicate because the other question has much more detailed and better answers, even though this one came earlier.
– Rarity
Jun 3 '12 at 20:42










4 Answers
4






active

oldest

votes

















up vote
20
down vote



accepted










There are a number of websites that give salary data for positions by location (salary.com or something like that, being one).



There is also nothing to stop you applying for jobs elsewhere whilst in your current job and attending interviews to find out what you might get paid, though I would definitely be discreet about it.






share|improve this answer




















  • Why do you need to be discreet about it?
    – Pacerier
    Jul 2 '15 at 0:25

















up vote
11
down vote













This is not as simple as it seems.



You can get the prevailing wage for your title off of various websites. But your title may not be an accurate descriptor of your position. Sometimes a position is under-titled and you are responsible for duties that are typically assigned to a higher grade. And sometimes you are over-titled and have a title that infers a higher level of responsibility than you really have. You need to look and see what responsibilities are typically assigned to a title to figure out what the title you should refer to for getting your prevailing wage.



Next you need to accurately access where your skill set belongs were you to move into a new position. You may have senior responsibilities but only a year or so on the job. It is difficult to justify a senior title for someone with only a few years of experience. Instead if this is the case I would take the added responsibilities to move my salary expectations higher into the normal range.



Finally you have to gauge the level of interest in your skill set in the open market in your area. If you expect to get a raise for your current position you need to have a marketable skill set that allows you to find another job at a higher rate in your area fairly easily. If there are a glut of people with your skill set looking for work in your area you are going to find it difficult to make a case for any significant raise.






share|improve this answer




















  • So in your country how many years is typical to be "justified" for senior title?
    – Pacerier
    Jul 2 '15 at 0:26


















up vote
8
down vote













You don't have to leave to see what others will pay you. Apply to some interesting positions or companies. See if you get an interview or an offer.



The search may result in determining that you like where you are, or that you really want to switch jobs.



You will probably be asked why you applied, but you should be able to give a sufficient reason besides "just looking". Also posting your resume on LinkedIn, monster... will get some inquiries.






share|improve this answer
















  • 2




    +1: the only way to determine your true market value is to go out on the market and see what you are offered.
    – kevin cline
    Apr 18 '12 at 20:43










  • Have to agree with @kevincline. Your worth is only what the market is able and willing to pay you.
    – tehnyit
    Apr 27 '12 at 9:27










  • -1 because this approach seems quite clearly unethical, in that you are effectively lying to the potential employer about your availability and interest in the position? (but please correct me if I am wrong)
    – David LeBauer
    May 3 '12 at 16:31










  • +1 I did this and actually ended up changing jobs because I got a dream offer (relating to the nature of the job, not the pay). David, I see your point, but it only really carries weight if there is a bad-faith application which the Tom would intend never to follow through on.
    – James Youngman
    May 13 '12 at 5:50

















up vote
5
down vote













If you are in the public sector (certainly in the UK) job adverts will include the salary range that they are offering for that role.



If you can find a position that matches yours you can compare your salary against that in the advertisement.






share|improve this answer



























    4 Answers
    4






    active

    oldest

    votes








    4 Answers
    4






    active

    oldest

    votes









    active

    oldest

    votes






    active

    oldest

    votes








    up vote
    20
    down vote



    accepted










    There are a number of websites that give salary data for positions by location (salary.com or something like that, being one).



    There is also nothing to stop you applying for jobs elsewhere whilst in your current job and attending interviews to find out what you might get paid, though I would definitely be discreet about it.






    share|improve this answer




















    • Why do you need to be discreet about it?
      – Pacerier
      Jul 2 '15 at 0:25














    up vote
    20
    down vote



    accepted










    There are a number of websites that give salary data for positions by location (salary.com or something like that, being one).



    There is also nothing to stop you applying for jobs elsewhere whilst in your current job and attending interviews to find out what you might get paid, though I would definitely be discreet about it.






    share|improve this answer




















    • Why do you need to be discreet about it?
      – Pacerier
      Jul 2 '15 at 0:25












    up vote
    20
    down vote



    accepted







    up vote
    20
    down vote



    accepted






    There are a number of websites that give salary data for positions by location (salary.com or something like that, being one).



    There is also nothing to stop you applying for jobs elsewhere whilst in your current job and attending interviews to find out what you might get paid, though I would definitely be discreet about it.






    share|improve this answer












    There are a number of websites that give salary data for positions by location (salary.com or something like that, being one).



    There is also nothing to stop you applying for jobs elsewhere whilst in your current job and attending interviews to find out what you might get paid, though I would definitely be discreet about it.







    share|improve this answer












    share|improve this answer



    share|improve this answer










    answered Apr 14 '12 at 11:01









    Anonymous

    1,51121316




    1,51121316











    • Why do you need to be discreet about it?
      – Pacerier
      Jul 2 '15 at 0:25
















    • Why do you need to be discreet about it?
      – Pacerier
      Jul 2 '15 at 0:25















    Why do you need to be discreet about it?
    – Pacerier
    Jul 2 '15 at 0:25




    Why do you need to be discreet about it?
    – Pacerier
    Jul 2 '15 at 0:25












    up vote
    11
    down vote













    This is not as simple as it seems.



    You can get the prevailing wage for your title off of various websites. But your title may not be an accurate descriptor of your position. Sometimes a position is under-titled and you are responsible for duties that are typically assigned to a higher grade. And sometimes you are over-titled and have a title that infers a higher level of responsibility than you really have. You need to look and see what responsibilities are typically assigned to a title to figure out what the title you should refer to for getting your prevailing wage.



    Next you need to accurately access where your skill set belongs were you to move into a new position. You may have senior responsibilities but only a year or so on the job. It is difficult to justify a senior title for someone with only a few years of experience. Instead if this is the case I would take the added responsibilities to move my salary expectations higher into the normal range.



    Finally you have to gauge the level of interest in your skill set in the open market in your area. If you expect to get a raise for your current position you need to have a marketable skill set that allows you to find another job at a higher rate in your area fairly easily. If there are a glut of people with your skill set looking for work in your area you are going to find it difficult to make a case for any significant raise.






    share|improve this answer




















    • So in your country how many years is typical to be "justified" for senior title?
      – Pacerier
      Jul 2 '15 at 0:26















    up vote
    11
    down vote













    This is not as simple as it seems.



    You can get the prevailing wage for your title off of various websites. But your title may not be an accurate descriptor of your position. Sometimes a position is under-titled and you are responsible for duties that are typically assigned to a higher grade. And sometimes you are over-titled and have a title that infers a higher level of responsibility than you really have. You need to look and see what responsibilities are typically assigned to a title to figure out what the title you should refer to for getting your prevailing wage.



    Next you need to accurately access where your skill set belongs were you to move into a new position. You may have senior responsibilities but only a year or so on the job. It is difficult to justify a senior title for someone with only a few years of experience. Instead if this is the case I would take the added responsibilities to move my salary expectations higher into the normal range.



    Finally you have to gauge the level of interest in your skill set in the open market in your area. If you expect to get a raise for your current position you need to have a marketable skill set that allows you to find another job at a higher rate in your area fairly easily. If there are a glut of people with your skill set looking for work in your area you are going to find it difficult to make a case for any significant raise.






    share|improve this answer




















    • So in your country how many years is typical to be "justified" for senior title?
      – Pacerier
      Jul 2 '15 at 0:26













    up vote
    11
    down vote










    up vote
    11
    down vote









    This is not as simple as it seems.



    You can get the prevailing wage for your title off of various websites. But your title may not be an accurate descriptor of your position. Sometimes a position is under-titled and you are responsible for duties that are typically assigned to a higher grade. And sometimes you are over-titled and have a title that infers a higher level of responsibility than you really have. You need to look and see what responsibilities are typically assigned to a title to figure out what the title you should refer to for getting your prevailing wage.



    Next you need to accurately access where your skill set belongs were you to move into a new position. You may have senior responsibilities but only a year or so on the job. It is difficult to justify a senior title for someone with only a few years of experience. Instead if this is the case I would take the added responsibilities to move my salary expectations higher into the normal range.



    Finally you have to gauge the level of interest in your skill set in the open market in your area. If you expect to get a raise for your current position you need to have a marketable skill set that allows you to find another job at a higher rate in your area fairly easily. If there are a glut of people with your skill set looking for work in your area you are going to find it difficult to make a case for any significant raise.






    share|improve this answer












    This is not as simple as it seems.



    You can get the prevailing wage for your title off of various websites. But your title may not be an accurate descriptor of your position. Sometimes a position is under-titled and you are responsible for duties that are typically assigned to a higher grade. And sometimes you are over-titled and have a title that infers a higher level of responsibility than you really have. You need to look and see what responsibilities are typically assigned to a title to figure out what the title you should refer to for getting your prevailing wage.



    Next you need to accurately access where your skill set belongs were you to move into a new position. You may have senior responsibilities but only a year or so on the job. It is difficult to justify a senior title for someone with only a few years of experience. Instead if this is the case I would take the added responsibilities to move my salary expectations higher into the normal range.



    Finally you have to gauge the level of interest in your skill set in the open market in your area. If you expect to get a raise for your current position you need to have a marketable skill set that allows you to find another job at a higher rate in your area fairly easily. If there are a glut of people with your skill set looking for work in your area you are going to find it difficult to make a case for any significant raise.







    share|improve this answer












    share|improve this answer



    share|improve this answer










    answered Apr 14 '12 at 18:46









    IDrinkandIKnowThings

    43.9k1398188




    43.9k1398188











    • So in your country how many years is typical to be "justified" for senior title?
      – Pacerier
      Jul 2 '15 at 0:26

















    • So in your country how many years is typical to be "justified" for senior title?
      – Pacerier
      Jul 2 '15 at 0:26
















    So in your country how many years is typical to be "justified" for senior title?
    – Pacerier
    Jul 2 '15 at 0:26





    So in your country how many years is typical to be "justified" for senior title?
    – Pacerier
    Jul 2 '15 at 0:26











    up vote
    8
    down vote













    You don't have to leave to see what others will pay you. Apply to some interesting positions or companies. See if you get an interview or an offer.



    The search may result in determining that you like where you are, or that you really want to switch jobs.



    You will probably be asked why you applied, but you should be able to give a sufficient reason besides "just looking". Also posting your resume on LinkedIn, monster... will get some inquiries.






    share|improve this answer
















    • 2




      +1: the only way to determine your true market value is to go out on the market and see what you are offered.
      – kevin cline
      Apr 18 '12 at 20:43










    • Have to agree with @kevincline. Your worth is only what the market is able and willing to pay you.
      – tehnyit
      Apr 27 '12 at 9:27










    • -1 because this approach seems quite clearly unethical, in that you are effectively lying to the potential employer about your availability and interest in the position? (but please correct me if I am wrong)
      – David LeBauer
      May 3 '12 at 16:31










    • +1 I did this and actually ended up changing jobs because I got a dream offer (relating to the nature of the job, not the pay). David, I see your point, but it only really carries weight if there is a bad-faith application which the Tom would intend never to follow through on.
      – James Youngman
      May 13 '12 at 5:50














    up vote
    8
    down vote













    You don't have to leave to see what others will pay you. Apply to some interesting positions or companies. See if you get an interview or an offer.



    The search may result in determining that you like where you are, or that you really want to switch jobs.



    You will probably be asked why you applied, but you should be able to give a sufficient reason besides "just looking". Also posting your resume on LinkedIn, monster... will get some inquiries.






    share|improve this answer
















    • 2




      +1: the only way to determine your true market value is to go out on the market and see what you are offered.
      – kevin cline
      Apr 18 '12 at 20:43










    • Have to agree with @kevincline. Your worth is only what the market is able and willing to pay you.
      – tehnyit
      Apr 27 '12 at 9:27










    • -1 because this approach seems quite clearly unethical, in that you are effectively lying to the potential employer about your availability and interest in the position? (but please correct me if I am wrong)
      – David LeBauer
      May 3 '12 at 16:31










    • +1 I did this and actually ended up changing jobs because I got a dream offer (relating to the nature of the job, not the pay). David, I see your point, but it only really carries weight if there is a bad-faith application which the Tom would intend never to follow through on.
      – James Youngman
      May 13 '12 at 5:50












    up vote
    8
    down vote










    up vote
    8
    down vote









    You don't have to leave to see what others will pay you. Apply to some interesting positions or companies. See if you get an interview or an offer.



    The search may result in determining that you like where you are, or that you really want to switch jobs.



    You will probably be asked why you applied, but you should be able to give a sufficient reason besides "just looking". Also posting your resume on LinkedIn, monster... will get some inquiries.






    share|improve this answer












    You don't have to leave to see what others will pay you. Apply to some interesting positions or companies. See if you get an interview or an offer.



    The search may result in determining that you like where you are, or that you really want to switch jobs.



    You will probably be asked why you applied, but you should be able to give a sufficient reason besides "just looking". Also posting your resume on LinkedIn, monster... will get some inquiries.







    share|improve this answer












    share|improve this answer



    share|improve this answer










    answered Apr 14 '12 at 12:49









    mhoran_psprep

    40.3k463144




    40.3k463144







    • 2




      +1: the only way to determine your true market value is to go out on the market and see what you are offered.
      – kevin cline
      Apr 18 '12 at 20:43










    • Have to agree with @kevincline. Your worth is only what the market is able and willing to pay you.
      – tehnyit
      Apr 27 '12 at 9:27










    • -1 because this approach seems quite clearly unethical, in that you are effectively lying to the potential employer about your availability and interest in the position? (but please correct me if I am wrong)
      – David LeBauer
      May 3 '12 at 16:31










    • +1 I did this and actually ended up changing jobs because I got a dream offer (relating to the nature of the job, not the pay). David, I see your point, but it only really carries weight if there is a bad-faith application which the Tom would intend never to follow through on.
      – James Youngman
      May 13 '12 at 5:50












    • 2




      +1: the only way to determine your true market value is to go out on the market and see what you are offered.
      – kevin cline
      Apr 18 '12 at 20:43










    • Have to agree with @kevincline. Your worth is only what the market is able and willing to pay you.
      – tehnyit
      Apr 27 '12 at 9:27










    • -1 because this approach seems quite clearly unethical, in that you are effectively lying to the potential employer about your availability and interest in the position? (but please correct me if I am wrong)
      – David LeBauer
      May 3 '12 at 16:31










    • +1 I did this and actually ended up changing jobs because I got a dream offer (relating to the nature of the job, not the pay). David, I see your point, but it only really carries weight if there is a bad-faith application which the Tom would intend never to follow through on.
      – James Youngman
      May 13 '12 at 5:50







    2




    2




    +1: the only way to determine your true market value is to go out on the market and see what you are offered.
    – kevin cline
    Apr 18 '12 at 20:43




    +1: the only way to determine your true market value is to go out on the market and see what you are offered.
    – kevin cline
    Apr 18 '12 at 20:43












    Have to agree with @kevincline. Your worth is only what the market is able and willing to pay you.
    – tehnyit
    Apr 27 '12 at 9:27




    Have to agree with @kevincline. Your worth is only what the market is able and willing to pay you.
    – tehnyit
    Apr 27 '12 at 9:27












    -1 because this approach seems quite clearly unethical, in that you are effectively lying to the potential employer about your availability and interest in the position? (but please correct me if I am wrong)
    – David LeBauer
    May 3 '12 at 16:31




    -1 because this approach seems quite clearly unethical, in that you are effectively lying to the potential employer about your availability and interest in the position? (but please correct me if I am wrong)
    – David LeBauer
    May 3 '12 at 16:31












    +1 I did this and actually ended up changing jobs because I got a dream offer (relating to the nature of the job, not the pay). David, I see your point, but it only really carries weight if there is a bad-faith application which the Tom would intend never to follow through on.
    – James Youngman
    May 13 '12 at 5:50




    +1 I did this and actually ended up changing jobs because I got a dream offer (relating to the nature of the job, not the pay). David, I see your point, but it only really carries weight if there is a bad-faith application which the Tom would intend never to follow through on.
    – James Youngman
    May 13 '12 at 5:50










    up vote
    5
    down vote













    If you are in the public sector (certainly in the UK) job adverts will include the salary range that they are offering for that role.



    If you can find a position that matches yours you can compare your salary against that in the advertisement.






    share|improve this answer
























      up vote
      5
      down vote













      If you are in the public sector (certainly in the UK) job adverts will include the salary range that they are offering for that role.



      If you can find a position that matches yours you can compare your salary against that in the advertisement.






      share|improve this answer






















        up vote
        5
        down vote










        up vote
        5
        down vote









        If you are in the public sector (certainly in the UK) job adverts will include the salary range that they are offering for that role.



        If you can find a position that matches yours you can compare your salary against that in the advertisement.






        share|improve this answer












        If you are in the public sector (certainly in the UK) job adverts will include the salary range that they are offering for that role.



        If you can find a position that matches yours you can compare your salary against that in the advertisement.







        share|improve this answer












        share|improve this answer



        share|improve this answer










        answered Apr 14 '12 at 11:06









        ChrisF

        8,56423957




        8,56423957












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