I work for a company where a coworker that is at a lower position than me makes the same money as me. I have 4x more responsibilites than him but yet he makes the same amount. I understand that I may have lowballed my salary but I would like to address this with my employer and HR. What should be my next steps?
You are going to want to speak to your manager, and HR, but before you do, do the following.
- check and see what someone in your field is making
- Put your resume out, and see if you get any bites from recruiters.
- If you don't like your current job, go on some interviews.
- Be ready to find another job if this doesn't go well.
When you find out your worth, and how in demand you are in the industry, you can arrange a meeting with HR and your manager to see about a bump in salary if what you are being paid goes against what you've researched. Have a solid number you wish to be paid, start a bit higher than that, and come down if need be, but see what you can get that way.
You don't negotiate based on what your coworker is getting, plain and simple. You see what the industry standard is, what the demand is, and where you fit.
If you compare yourself to a coworker, and that coworker is ALSO underpaid, you may still be underpaid. If your coworker is overpaid, you could go in cutting your own throat by making an unreasonable demand.
You want to walk in knowing what you're worth and how hard it will be to find another job because knowing this will allow you to negotiate from a position of strength. You will be able to quote numbers, and, if need be, go somewhere else if you don't get satisfaction. Believe me, HR knows the difference between someone who knows they want more, and someone who knows they are worth more, just by how they hold themselves. Be the one who knows he is worth more.
I work for a company where a coworker that is at a lower position than me makes the same money as me.
Stop comparing your compensation package to those of your coworkers. Everyone negotiates their compensation for themselves.
If you feel like this is unfair and/or that you're underpaid then go to your manager and negotiate a raise.