More than a third of Australians believe they’re being underpaid
Almost 100% of employees would accept a new job offer if the salary was higher.
More than one in three (37%) Australian employees feel they're not being paid a fair salary, according to new research released this week by specialist recruitment agency Robert Half. The research also highlighted that workers don't feel particularly tied to their current job, with 98% willing to leave their current job in favour of one with a higher salary.
There are many factors that contribute to job satisfaction outside of salary. The workplace culture, flexibility of hours and where you're able to work from, the colleagues, management team, workplace perks and the type of work itself are all key points of comparison between different jobs. However, the research clearly suggests that salary is still the number one point of comparison.
There are several reasons why one third of workers feel they're being underpaid. Almost half (45%) say it's because their current salary is not in proportion to their workload and responsibilities, while 35% say it's because their salary is lower than the industry average for similar roles. Of those who feel they're underpaid, one in ten say it's because their colleagues with similar roles are being paid more, and one in ten say it's because their salary hasn't increased in the last two years.
Interestingly, recent research released by finder earlier this month revealed a quarter of Australian workers have asked their boss for a pay rise at least once in the last two years, and of those who asked, two in three were successful. This suggests that if you present your case to your boss and ask for a raise, the odds that you'll get one are in your favour. With this in mind, there could be some correlation here; of the one in ten workers who feel they're being underpaid because they haven't received a salary increase in the last two years, perhaps this could simply be because they haven't asked for one.
If this has motivated you to ask your boss for a salary increase, it's important you do your research and make sure you're presenting a strong case. You can check the 2018 Robert Half Salary Guide to get an understanding of what the average salary is across the country for your role.