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Posted Saturday, September 13, 2008 11:53 AM

Money: You Make How Much??

Linda Stern

Should you discuss salaries with your co-workers? Sure. When you know the guy in the next cube is raking in an extra $500 every month, you can use that knowledge to try to bump up your own salary.

Younger workers are far more comfortable sharing this info, and many companies have become less restrictive about letting people talk, says Robert Hohman of glassdoor.com, a new Web site that offers company-specific salary details. You have to post your own pay to see the info on the site, which now has at least some salary data on 11,000 companies. You can get more-general information at Web sites like payscale.com and salary.com, and check for salary surveys through your own professional association. Or wait until the boss is on vacation and try the old pass-an-anonymous-memo gambit.

Then what? If you’re making less than your co-workers, don’t run into your supervisor’s office with a demand. Instead, say “I know I’m falling on the low end of this company’s pay scale for the job. What do I have to do to get a higher salary?” Try to come away from that discussion with specific goals and a review in three or six months. And start applying for jobs in competing companies. Nothing gets you bumped up faster than an offer from the outside.

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Member Comments

Posted By: StangGuy (September 19, 2008 at 2:42 PM)

Although this artricle was written before the Lehman and AIG meltdowns this week,  it is still poor advice in any employment market.  First, nothing gets a boss madder than an employee using company time (particularly when she/he is on vacation) to "anonymously" ferret out personal salary information so as to leverage the boss upon their return.  Moreover, the suggestion of obtaining a competitor's offer to "bump up" one's salary at a current employer is not only unprofessional, but downright ludicrous.  Why would "the boss" want to give a salary increase to a non-loyal employee?  Perhaps Ms. Stern would think it OK for Newsweek to solicit her job at a lesser rate of pay to an outsider, in hopes of lowering her current compensation?