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Have you ever wondered if you’re earning what you deserve? Maybe you want to ask for a raise but aren’t sure how your salary compares to others in your field. With Glassdoor’s new “Know Your Worth” tool, you can calculate your estimated market value and earning potential so you know what you should expect to earn in today’s job market.
Read more: Common Cents: How to make more without getting a pay raise
How to determine if you’re getting paid enough
The tool firsts asks you for your employer, job title, and years of experience. It will then ask you your base salary to assess your potential pay in comparison with other Glassdoor market data. The tool will then review salaries submitted by other users in your area and calculate your estimated market value.
The “Know Your Worth” tool is still in beta but can be a very useful tool to get a decent estimate of your earning potential. Robert Hohman, co-founder and CEO of Glassdoor explains, “Most people think that salary changes every couple years, but the truth is that salary can change every single day, demand for jobs changes every single day all of which we are in a position to see with Know Your Worth.”
If you find that your market value is higher than what you are currently being paid you may decide to have a conversation with your boss about a raise. However, Glassdoor reminds users that the accuracy of its data depends greatly on salary data in their system and can only give an estimated market value for about 55% to 60% of the U.S workforce.
