Using What You Know About Coworkers' Pay

June 19, 2008 RSS Feed Print
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Note, too, that it may be helpful to acknowledge that some of the data you've found online could be inaccurate. Into its first week, Glassdoor says for every 10 submissions, it's rejecting about one to two reviews or salary surveys because they violate guidelines on naming names, are one-sided, or are clearly bogus.

Be sure you and your boss agree on your title and job description: You can't accurately assess the market value of your job if you think you're an advertising director and your boss thinks you're an assistant advertising director, although your title is officially "Deputy Idea Manager of Creative Media and Conspicuous Communications."

Salary.com says there's a good chance your employer has already assessed your "benchmark" position, so make sure you know the context for the company's salary decisions. It's also important to know which organizations your employer views as peers for pay comparison—these may be direct competitors, and they might be located nearby, according to Salary.com.

The Internet has lifted the veil on lots of previously private information—think of what Zillow.com did for home values—but the process of negotiating for a salary hasn't changed much. It's still in a company's best interests to try to hire or keep you for as little money as possible, and it's still in your best interests to ask for more with class, graciousness, and zeal.

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I think what glassdoor.com is doing is great! It's time that prospective employees learned a little more about the company they are interviewing for before committing to it. I have been in that situation where once hired, I had to ask a couple of people how they liked their jobs and the company. I wish I had the opportunity to have these questions answered before I even agreed to take on the job! In these times tough times of layoffs, wouldn’t it be nice to know if the company you are soliciting yourself to is having budget issues or isn’t planning on issuing any raises/promotions or bonuses anytime soon?

Cyndi of CA 4:52PM November 17, 2008

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