Below market rate and how best to address this with work

[Lala70]

Hi all,

I have been working in the same company for a number of years with minimal pay rises and bonuses have been pretty much nil. I liked the company and the people so I have stayed. However I have been speaking to recruiters recently who have told me the average for my experience and I’m being paid significantly lower than this, plus they have sent me jobs which are paid more than 10% what I’m currently on. I did once raise to my boss before that I’m being paid below market rate for my years experience and he ignored me. I would like to have a conversation again but was looking on advise for how I should do this? Or is getting a job externally the best idea to ensure paid appropriately?

If there is pay inertia in your company . Moving externally may be the only answer. It is frustrating, especially when they realise too late that they will have to pay your replacement the going rate. Always worth trying again with your boss, but decide what your plan B will be - stay and accept what it is if they refuse, or actively look at moving. If it’s going to be the latter get your cv ready anyway and start putting your feelers out before your conversation. It will give you a much better idea of what is out there and whether you would make the move.