What is criteria of underpaid/ overpaid?
Don't say market standards 😒 I have known people who are skilled and not getting even standard money
On the operations side, I have an answer on how to identify if you are underpaid/average/overpaid. If your CTC is less than Experience x 2, if multiplied by 3 you are avg, by 4 you are overpaid and you will be satisfied at this stage. However, this logic may be different if you are software engineer.
always underpaid
By leverage, determined by what multiple of outcome you are able to produce with the investment the employer makes in you. It not just depends on your own skill and capabilities but also in the ecosystem. A software engineer at Google is paid 3 lakhs a month because he can bring massive revenue to the company with even a simple development. The same person cannot drive that kind of outcome in TCS, so he will be paid 60k per month. If the same person becomes a clerk in a bank, he will be paid 30k per month. Each of these is fair pay in the given ecosystem.
So when evaluating your own worth, you need to figure out by what factor you would be able to amplify your wage. https://nesslabs.com/high-leverage-activities
Friends, a genuine question.. need your suggestions...
How can one know if he/she is paid reasonably, or underpaid or overpaid?
I try to analyse my peers network, but I always find people of similar work experiences having similar skil...
I believe it is extremely difficult to judge exact level of an individual during an interview. It is better to also use past salary as some indication of value to last company. Having said that, the company needs to get to the correct sa...
HR spotted 🙂
To all the people here, I have observed way too many posts on salary checks based on experience.
I can pretty much guarantee you, your salary or pay doesn't depend on your years of experience. Your salary or pay depends on these factors...
