As of December 2024, around half of all workers were satisfied with their jobs, according to Pew Research Center. But the data told a different story when it came to how employees felt about their pay.
The researcher found just 30% are highly satisfied with their salaries, while 54% of dissatisfied workers believe their salary isn’t enough to cover their bills. An overwhelming majority, 71%, also said their pay is too low for the quality of work they do.
That dissatisfaction can worsen when a worker sees a job posting for the same job they’re currently doing offering a higher salary.
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For example, let’s say Susie saw her company post a job ad with responsibilities identical to her own. The only problem is that the salary is $10,000 higher than she’s being paid, even though she’s been in her position for three years already.
Now Susie is upset and wondering exactly how to ask for a pay raise that could bring her up to the same level as her future coworker. The good news is, experts believe she can make a case for a pay bump — although they’ve warned that Susie needs to do more than just bring the listing to her manager’s attention.
A salary bump isn’t guaranteed
While Susie may feel she deserves at least the same amount of money as the new hire, an automatic salary bump isn’t guaranteed.
“Employers can lawfully pay new hires more to match today’s market, even when that leaves longer-tenured employees behind. That’s known as salary compression, and it is generally legal,” Brianna Williams, founder and managing attorney at Mélange | A Williams Firm, told Moneywise.
Diana Bernal, a career coach and author of “Career with Intention,” suggested that Susie “dig into the job description and requirements,” as the company may be asking for a specific background or credentials that are different from hers.
“Get real on your accomplishments,” Bernal said. “Have you missed targets or goals? Is there still growth to be had? Have you had conflict with peers or management? Answering ‘yes’ to any of these factors might indicate they are looking for someone who doesn’t need as much hand-holding.”
The reality is, as Sam DeMase, a career expert at ZipRecruiter, explained to Moneywise, “simply bringing the job posting to your boss and asking for the same pay isn’t enough.”
You’ll need to earn a raise on your own merits and the strength of your work, not just based on what the company is willing to pay someone else.
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Asking for a pay raise is reasonable, but Susie should come armed with data
Although Susie isn’t guaranteed a raise, seeing that salary disparity certainly gives her a good reason to consider asking for one.
“When your company posts your exact role at a higher salary, it has told the market in writing what your work is worth to them,” Dr. Kyle Elliott, a career and executive coach for tech leaders, told Moneywise. “That’s some of the strongest evidence you’ll ever have going into a salary conversation.”
Elliott recommended that Susie “pair the job posting with evidence of your results,” and suggested she should keep a “Fabulousness File,” which is “a running record of wins, praise from leaders, project results, and thank-you notes from colleagues.” She could also use quotes from past performance reviews to showcase her accomplishments.
If Susie isn’t sure what kinds of professional achievements would impress her boss enough to take her salary to the next level, Bernal advises putting the ball in their court. She recommended scheduling a conversation to “tell them that you noticed the new salary is significantly higher than yours” and asking what you can do to bring your pay up.
Hopefully, this could lead to concrete ideas that give Susie a clear path to a higher income.
“The goal is to get a conversation going about your performance and your contributions to the company,” Bernal said. “If they decline, then you have learned where you stand and can decide if it’s time for a change. If they comply, then you have earned an increase.”
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Christy Bieber is a US based personal finance and legal writer who has 15 years of experience. She has written for many publications including Forbes, Kilplinger, CNN, WSJ, Credit Karma, Insurify and more.
