Don’t be “salary dumb” in today’s hot job market! If you don’t know what you’re worth and can’t speak about money to your boss, you will more than likely be under-paid. Take the following quiz to find out how “salary savvy” you are in today’s workplace.
Respond to each statement by selecting a number on a scale of 1 to 5, with 5 = strongly agree (Yes); 1 = strongly disagree (No).
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1. I know I’m fairly compensated for the work I do.
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5 4 3 2 1
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2. I usually have no problem talking about salaries, benefits, raises and promotions with my boss.
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5 4 3 2 1
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3. When interviewing for a job or meeting with my boss to discuss compensation, I have a list of “must ask” questions that deal with salary, benefits, raises and promotions and I ask them.
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5 4 3 2 1
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4. I know what I’m worth in today’s job market.
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5 4 3 2 1
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5. I can quickly find out what others are making for the same type of working I’m doing.
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5 4 3 2 1
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6. I know how salaries are worked out in my company.
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5 4 3 2 1
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7. I know what others make in my company.
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5 4 3 2 1
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8. I know what percentage of my total compensation consists of benefits versus gross salary.
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5 4 3 2 1
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9. I work in an organisation that has a regular salary review process that is tied to a semi-annual or annual performance appraisal.
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5 4 3 2 1
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10. I regularly review and re-value my job to see if the scope of my work has expanded beyond the original job description for which I was hired.
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5 4 3 2 1
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TOTAL SCORE
Now add up your score. If your total score is 25 points or fewer, you’re a good candidate for being under-paid; and you need to work on developing your “salary savvy” skills.
If you score top marks, 50 out of 50, congratulations; you are probably doing very well in the renumeration department!
SOURCE: Dynamite Salary Negotiations Drs. Ron and Caryl Krannich
This article may contain 3rd party information which CaribbeanJobs.com has approval to use.
