I recently compared my pay with the salaries listed in three different salary guides put out by national recruiting firms. All three of the guides group salaries according to job title, geographic location and company size. I knew my salary was on the low side, but I was shocked to see it was substantially lower than the salaries listed in all three guides.
I asked my company’s HR Manager for her opinion on the validity of salary guides. She told me I had to use a guide specific to our industry. She let me borrow hers which is put out by our industry’s association. According to this guide, I am still underpaid, but once you factor in my pay-cut it wasn’t as far off as the recruiter guides. (I also noticed our HR Manager’s pay is substantially higher than what is listed in this guide.)
I decided to get a second opinion.
I asked my friend who is a recruiter. She said she sees Accountant salaries that line up pretty close to the guides and others that are way off, but many factors are involved. Publicly traded and global companies pay more. Employees that are CPA’s or have their masters and those with public accounting experience (preferably with the big 4) make more than those who don’t.
What about my salary?
She thinks I am underpaid.
How does your pay stack up against the salary guides?