• Tue, Apr 22 - 10:00 am ET

You Probably Think You’re Being Paid Unfairly – And Your Boss Knows It

money exchanging hands, woman grabbing at money man holding onto hundred dollar bills tightly

Being paid unfairly has a bit to do with the gender wage gap and a bit to do with bosses just being cheap. | Source: ShutterStock

If you think you’re being paid unfairly, chances are you’re in good company. A new study shows that a whopping 39 percent of employees reported that they’re not being paid what they’re worth.

And if you’re a woman, that’s more likely to be true: 42 percent of women reported being underpaid, compared with 33 percent of men.

Companies generally don’t like salary transparency with employees, because it hinders their own ability to negotiate salaries with potential hires and to negotiate raises with current workers. However, with things like the Internet around–and with it, sites like Glassdoor and LinkedIn–more and more workers are sharing and comparing salaries, so a base wage for most jobs isn’t too tough to compute.

Of course, there’s another reason companies may not want to be transparent about salaries: Last year, the ratio of CEO to worker pay was 331 percent. For reference, in 1983, per CBS News, it was only 46 percent. That’s, uh, staggering, to say the least.

If employees can’t get straight up raises, it turns out we’d be happy with other benefits instead, like more paid vacation days, varied opportunities and more flexible hours. That’s not a lot to ask, so do just that: ask!

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