Self Worth: How do you know your worth (salary) without sounding extremely arrogant ? Either applying for a new position at a new place of work or starting a new role and negotiating wages at your current job. Where exactly do you start? Then how do you confirm if its a good wage? And if you are being paid correctly for the job? Or where do you draw the line?

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As a rough ballpark, I normally try to pull salary estimates from a variety of places, including your title+your industry but also your job title in general and similar ones (e.g. I'd include data scientist, data analyst, postoctoral researcher, etc). This is not specific salaries normally but ranges.

I then plot all of these on a single histogram to get a rough idea of what the compensation distribution looks like. Then try and figure out what percentile you are in terms of qualifications, performance, etc, and you can kind of gauge what appropriate compensation might be.

There is of course plenty of bias in this method, and it is more reflective of what you feel you should be paid rather than what people are willing to pay. It's pretty helpful in figuring out if you're being paid below market rates though.

Screenshot of an old version of this I did 3 or 4 years ago is attached.

Post Photo
likesmart

I’ve applied a simplified version of your method. You are right in that jobseekers need to do research in terms of comp that way they can align their expectations with reality.

Please do not conflate “self worth” with “market rate”

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Start looking for a new job and then see how much the market is willing to pay for you. You may always take on more responsibilities at you current job and then ask for a salary increase / promotion (but you’ll still be missing the info about how the market would pay for you).
Anyway, it seems that you don’t feel valued enough, so it’s probably time to leave!

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I just started interviewing - it opened my eyes and gave me the real $$ #s that I was lacking. It’s one thing to research and get survey information - quite another to get job offers in hand that are real info.

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Personally was told I was already at the top end of the pay band internally, interviewed externally and had multiple offers for 20+% in total comp. Online datapoints only provided so much, having the external offers confirmed the data IMO.

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I would say: meet and talk with the good people.
Those that will be able to understand who you are, what you did, what you can bring to the table and what is your skillset will be able to gauge it fairly well.

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I'm constantly contacted by recruiters and I just throw them numbers about $20k higher than my current salary if same type of job level. The ones who balk vs the straight up "yes" is my range, then I add 15% because I know that's what their margin is.

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There shouldn't be any arrogance, perceived or real. If there is, then you either have an inflated sense of self worth, or you are interviewing for the wrong job, which are separate issues.

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