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Business Insider Salary
Salary Journeys: Earnings of employees in all industries. From an administrative assistant making $16.50 an hour to a pharmaceutical executive making $203,000 a year.
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The prediction of a looming recession may have U.S. job seekers contemplating a career change, asking for the raise they’ve dreamed of, or even changing the industry entirely.
Insider’s “Salary Journeys” Careers His series shows how employees make this kind of transition, from an editor making $46,000 a year to her $125,000 marketing his director learning about salary adjustments on TikTok. I’m introducing you.
Some participants feel satisfied with their journey. 000 people told Insider each year.
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On the other hand, some people are disappointed with recent trends. The 59-year-old accountant said, “In the midst of a big resignation, I seem to be sorting out the wreckage of a job that no one wants.
The goal of “Salary Journeys” is to increase transparency about salaries, negotiation tactics and career progression for job seekers across industries. According to a Glassdoor survey, 70% of his employees in seven countries said they believe salary transparency is good for employee satisfaction. And a sizeable portion, he said, 72% of respondents thought it was good for business. Additionally, knowing the salaries of employees with the same title can help workers advocate for raises or pay adjustments, careers experts previously told Insider.
Insiders are looking for more experts to share their journeys and help paint a more complete picture of what the salary landscape for the American workforce looks like.Interested in sharing payroll journeys If so, please email [email protected] with your name, age, occupation, and salary journey description. All submissions are confidential and all stories are anonymized.
COVID-19 has devastated this 37-year-old white woman who works in the Midwest. She said she had been unemployed for her nine months, half of which she had not.
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Now she’s working in a role she loves and looks back on her experience as her learning opportunity.
“I know how to ask for a raise and adapt to a pay cut,” she said. “
Read more: I’m her 37-year-old administrative assistant who makes her $16.50 an hour, and I couldn’t be happier. Here are my 4 job payroll journeys.
Negotiations were never easy for this Latina editor in the Southeast. She fears it could negatively affect her overall career trajectory.
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As a result, the 27-year-old never had a successful negotiation and settled for what was presented.
“By working closely with upper management, we’ve learned how replaceable we are for them,” she said.
Read more: I’m her 27-year-old editor who makes up to $46,000 a year. I’m having a hard time negotiating and I don’t know what it means for my career.
This 59-year-old woman found herself unemployed in August 2021. Even with over 20 years of experience, she struggled to find a job that offered fair compensation and a flexible working environment. She finally found a hybrid role and is set to make $50,000 a year.
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“In the midst of a big resignation, I seem to be sorting out the wreckage of a job that no one else wants,” she said. It was the location. We were not offering remote work.”
Read more: I was her 59 and got fired from an accounting job after 20 years. Finding something new was like “sorting out scraps” of bad work.
A 30-year-old Caucasian male started working for his current employer in 2010 and was making about $32,240 a year. Currently, he makes about $67,000, but based on a list of similar jobs, we think he should be closer to his $85,000 or his $95,000.
“In general, I know that changing jobs is the most effective way to increase your salary,” he said. Growing up, his father moved from one job to another after leaving the military, creating feelings of insecurity.
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Read more: I’m his IT manager at age 30 and his annual salary is $67,000. He has been with the same employer for 12 years, but he just can’t quit.
Now in her second job, her 24-year-old white woman at a major media company believes her own salary is 20-30% short of hers. She now takes on her dual role of editor for the brand and host of the show, and she says she’s built much of her following on the company’s socials herself.
“I’m in the process of drafting something to tell the company that I need to raise my salary to $85,000 or $90,000 or I’ll look elsewhere.” If another offer comes along that offers a good opportunity, I will accept it without hesitation.
Read more: I’m a 24-year-old social media editor who makes $70,000. I am learning to demand a salary that matches my worth.
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The COVID-19 pandemic has made her job as a clinical psychologist for this 59-year-old white woman even more difficult. She has spent her 14 years working with patients with severe and persistent mental illness. While she loves her job, she feels her salary is low and she is $32,000 in debt.
“It’s really disappointing, especially in the last two years of the pandemic, as it seems like everyone has mental health issues.”
Read more: I’m a 59-year-old psychologist who used to be privately her chef. I get the same salary she did 20 years ago, but now she has $32,000 in student loan debt.
For more than a decade, a 32-year-old white female HR executive has felt paralyzed by the impact the Great Recession has had on her compensation. She tried to negotiate and ask for more responsibility, but in the end all that worked was finding a new job.
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“Obviously the job market is a lot different than when I first started,” she said. “I’m glad she’s finally able to prove her worth with her comfortable work-life balance.”
Read more: I’m her 32-year-old HR person who makes her $81,000 a year. Changing jobs was the only way to create value for myself.
His 26-year-old black man in the South moved into telecom sales as an hourly employee after finishing his early days as an advertising executive for radio broadcasts.
As he is the only breadwinner for his family, he decided to take a managerial position within his first year. Ultimately, his dedication and willingness to take advantage of the opportunities that came his way resulted in promotion offers within the first six months, earning him $3,500 a month, plus an average of $3,500 a month in commission. I was..
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Read more: I’m his 26-year-old mail-order and his monthly income is $7,000. Diligence and clever planning led to a life-changing promotion negotiation.
Her 30-year-old Asian-American woman, who works with her influencers, appreciates her social media and her own salary on her journey, she said. increase.
After realizing she was the lowest-paid director on the team at her previous job, she conducted her own research and argued that she deserved more at her current company. vowed to
“She had heard mention of ‘salary adjustments’ on TikTok and looked it up,” she said. “This is not an annual raise, it is an off-cycle raise to get you where you need to be based on your role and responsibilities.”
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Read more: I’m her 30-year-old director of influencer marketing making her $125,000 in her dream job. TikTok helped me negotiate my salary.
Her father of two in the South knows he could earn more elsewhere, but he explains that he makes trade-offs to maintain her work-life balance. He says the work is not demanding and allows him to spend time with his wife and children.
“The work is interesting, the co-workers are smart, and this company is committed to its employees and their families,” he said. “If I have to leave work during the day to pick up my kids, my manager and colleagues cover me.”
Read more: I’m her architect in her 40s and make about $150,000 a year. I could make more money, but I know that comes with trade-offs.
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