Learning your co-worker's making more than you can be a gut punch. But before you spiral into a comparison trap, remember: this information is power.
Armed with the right strategy, you can transform this salary shock into a catalyst to help you get ahead financially.
Here are 10 tips to assist you in navigating the situation with confidence and turning pay envy into a raise negotiation win.
Earn money online by taking surveys
$55,000 might sound crazy … but with a company called Survey Junkie, it’s possible to get your share of it every day by taking their surveys in your extra time.
Follow these simple steps to start earning:
- Sign up for an account with Survey Junkie here.
- Take surveys.
- Repeat daily and get paid for sharing your opinion!
P.S.: You can cash out with as little as $5 through PayPal or bank transfer, or transfer to gift cards from a number of stores.
Don’t go running to your manager
While the initial reaction to learning a colleague earns more can be frustrating, making a beeline for your boss and responding in a “gimme-gimme” way is unprofessional and counterproductive.
Instead, take a breath and process the news. Figure out if you deserve a raise. If the answer is yes, approach your supervisor and ask for a chat about compensation.
Specify the topic. Many factors can influence pay, including tasks, tenure, background, education, experience, and negotiation skills.
Don’t reveal names
When you talk to your boss, the discussion should be centered on you, not your colleagues. They don’t need to know what you know.
The specifics of how you discovered your co-worker's higher salary or the exact figures don’t matter. Stay focused on your performance and the value you bring to the company.
You can keep the chat positive by highlighting your dedicated efforts, expressing enjoyment in your role, and asking what you can do to secure a raise. Asking questions is better than outright confrontation.
Consider your colleagues
Getting yourself a raise is inherently about you, but other factors might be at play if your co-worker makes more than you do.
Consider the duration of your colleague's tenure with the company. If they've been there longer than you, they might be entitled to raises and bonuses you're not eligible for yet.
While this can be frustrating, it's crucial to recognize that, in many cases, it's just a matter of time before you also become eligible for these rewards.
Resolve $10,000 or more of your debt
Credit card debt is suffocating. It constantly weighs on your mind and controls every choice you make. You can end up emotionally and even physically drained from it. And even though you make regular payments, it feels like you can never make any progress because of the interest.
National Debt Relief could help you resolve your credit card debt with an affordable plan that works for you. Just tell them your situation, then find out your debt relief options.1 <p>Clients who are able to stay with the program and get all their debt settled realize approximate savings of 46% before fees, or 25% including our fees, over 12 to 48 months. All claims are based on enrolled debts. Not all debts are eligible for enrollment. Not all clients complete our program for various reasons, including their ability to save sufficient funds. Estimates based on prior results, which will vary based on specific circumstances. We do not guarantee that your debts will be lowered by a specific amount or percentage or that you will be debt-free within a specific period of time. We do not assume consumer debt, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Not available in all states. Please contact a tax professional to discuss tax consequences of settlement. Please consult with a bankruptcy attorney for more information on bankruptcy. Depending on your state, we may be available to recommend a local tax professional and/or bankruptcy attorney. Read and understand all program materials prior to enrollment, including potential adverse impact on credit rating.</p>
How to get National Debt Relief to help you resolve your debt: Sign up for a free debt assessment here. (Do not skip this step!) By signing up for a free assessment, National Debt Relief can assist you in settling your debt, but only if you schedule the assessment.
Research as much as possible
Pointing out how much you do at work probably isn’t enough to earn a raise. You have to go beyond that and do some research on the salary landscape for roles similar to yours.
If you have a solid understanding of the salary range for positions comparable to yours, connect with recruiters, hiring managers, or industry professionals for an unbiased perspective.
When you’re armed with this information, discuss your standing — either at the top, bottom, or middle — and areas for growth.
Figure out the salary you want
Similar to researching what you’re worth, it’s important to determine precisely how much of a raise you want.
A well-defined figure will aid in negotiating with your manager. Be sure the number is realistic and aligns with the job's fairness and market standards.
This will make your bargaining position stronger while maintaining a reasonable and justified expectation for the role you fulfill.
Trending Stories
Have a counteroffer ready
Negotiations are just that: Negotiations. There should be some back and forth.
Anticipate a counteroffer since your manager may not be able to meet your specific request. They might propose an alternative figure, potentially lower than your request.
Evaluate the pros and cons before deciding, and remember that further negotiation is possible if the offer falls short of your expectations.
Keep working
Finding out that one of your colleagues makes more than you is not a good reason to be bad at your job — though it might be tempting. You have to keep on truckin’, as the saying goes.
Perform with dedication. Demonstrating your commitment and dependability can motivate your manager to consider a salary increase on the grounds of your consistent and valuable contributions.
Stay stalwart
If you get the impression that a raise isn’t on the menu, you don’t have to blindly accept the situation. Keep asking. Inquire about the specific steps required for a potential raise.
Ask what you need to do to qualify for one. If the boss cites budget constraints, ask when the option might be back on the table.
Make sure you both agree on objectives and timeframes, document the conversation, and maintain regular check-ins. You can also explore alternative benefits like more vacation time or remote work options.
Ask if you need to improve
Acknowledging that you’re underperforming is, in a word, miserable. But sometimes, it pays to take the hit.
You can claim responsibility even if a raise isn't granted. Regardless of how you view your odds or chances of deserving one, ask: "How can I up my performance to boost my chances of a raise?"
Hopefully, asking the question will give you something of a guide for steps to improve, which can increase the likelihood of a raise.
Earn cash back on everyday purchases with this rare account
Want to earn cash back on your everyday purchases without using a credit card? With the Discover®️ Cashback Debit Checking account (member FDIC), you can earn 1% cash back on up to $3,000 in debit card purchases each month!2 <p>See website for details.</p>
With no credit check to apply and no monthly fees to worry about, you can earn nearly passive income on purchases you’re making anyway — up to an extra $360 a year!
This rare checking account has other great perks too, like access to your paycheck up to 2 days early with Early Pay, no minimum deposit or monthly balance requirements, over 60K fee-free ATMs, and the ability to add cash to your account at Walmart stores nationwide.
Don’t leave money on the table — it only takes minutes to apply and it won’t impact your credit score.
Know when it’s time to go
This is the nuclear option. But you need to look out for yourself. If the prospect of a raise seems distant and you sense a need for change, consider exploring other job opportunities.
You don’t need to broadcast your intentions. Keep doing your thing while discreetly seeking out a new position.
The new role might offer superior benefits, and submitting your resignation could lead to a counteroffer with an improved salary package, potentially surpassing your colleagues' and helping you boost your bank account.
Bottom line
It’s never fun to learn that someone you work with makes more than you, but there are ways to improve your finances.
Whatever tactic you decide on, remember that salary negotiations are integral to any career and should be approached with respect.
Sticking to these strategies should help you effectively negotiate a higher salary, which will help ensure you earn what you’re worth.
Subscribe Today
Want extra-cash moves to come right to you?
Stop browsing endlessly. Get proven ways to earn pocket money, help cover rent, and crush your debt — sent to your inbox daily.