6 signs you’re being paid less than the market rate

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If you work in tech in the EU, you’ll be aware of the hiring freezes and job cuts that have impacted the entire industry this year. Some of them include grocery delivery apps Gorillas and Zapp, fintech Klarna, crypto company Coinbase, and Berlin-based digital bank Nuri. Businesses are tightening their belts ahead of predicted economic downturns and recessions, but it’s not all bad news.

Recruitment remains robust across the Union. The EU’s Tech Hiring Trends 2021 report says employers in the 10 countries assessed posted nearly 900,000 job vacancies in the first quarter of the year, highlighting a sharp increase as many sectors transition to digital environments. This year, Eurostat reports that 2.9% of jobs in the EU and 3.1% of jobs in the eurozone were vacant in the first quarter.

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This might make you think it’s time to look for a new job or talk to your boss about your current compensation. You may be eligible for a raise if you meet any (or all) of the criteria below.

  1. You never got a raise

Although it is normal for your responsibilities to change somewhat as you adapt to a job, if you are doing a lot more work or if your responsibilities have changed significantly from what is expected in your job, maybe it’s time to have a conversation. Take into account that the cost of living is also increasing and has been since 2021. Prices on average, as measured by the EU Harmonized Index of Consumer Prices (HICP), have increased by 9.6% compared to June 2021.

  1. Your job has changed a lot

Thanks to the famous “great resignation”, many people quit their jobs, moved away or changed other aspects of their professional life. This could mean that you still have additional responsibilities, such as the duties of someone who has left and has not been replaced.

  1. You earn less than people in the same position

It’s time to sharpen your networking skills. Check with colleagues or industry contacts and check with them what the salary is for the same position at their company.

  1. New hires are paid more

Set up job alerts for ads posted by your company. This can be a good way to collect salary data. When a new hire earns more for the same job as you, that’s direct evidence you can take to your manager to ask for a raise.

  1. Employee review websites say you’re underpaid

Employee review sites like Glassdoor can let you not only see real employee reviews of employers, but also find information about compensation and salaries. By researching your job title and where you work, you should be able to get a pretty good idea of ​​what you could earn.

  1. Many people left

It can be indicative of a poor company culture, but it can also mean that your co-workers have found a better deal elsewhere. If a lot of people are leaving suddenly, it might just mean there’s better pay and benefits for the same job.

Interested in a new job? We have three below worth checking out along with many more on the Silicon Canals job site.

Benelux Commercial Engineering Manager, Collibra

The Senior Manager, Sales Engineering will work closely with Sales Management, Technical Management and other Collibra Senior Managers to generate revenue. You will lead performance management initiatives and act as a mentor to develop your direct reports.

Five years of management experience with proven success building and managing a world-class technical pre-sales organization is required, along with experience managing remote/field employees . You will also need five years of experience engaging large, complex organizations with longer than average sales cycles. Apply now.

Cloud Engineering, Amadeus

As a Cloud Engineer, you will be exposed to applications, infrastructures and technologies designed to reliably handle massive growth and volume and make material contributions to the tools and services that power Amadeus technology. You will have a collaborative and proactive approach, the ability to work in a multicultural and global environment and a good level of written and spoken English. You will need C, C++, or Java, and Shell, Perl, GO, or Python, as well as service-oriented architecture (SOA) design patterns and proven experience building cloud-native/cloud-first applications in a cloud environment such as AWS, Google Cloud or Azure. Apply now.

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Wefox is currently looking for a Machine Learning Engineer to join the team in Paris. This is the advanced innovation team that leverages machine learning to improve customer experience and deliver innovative products such as risk detection and prevention. You will design, implement and deploy distributed, high volume, high performance and low latency machine learning models. You will need a solid knowledge of machine learning architectures: fully connected, CNN, LSTM and transformers, as well as experience in one (or more) of the following areas: computer vision, natural language processing, processing audio, time series or anomaly detection. . Apply now.

Discover thousands of other job opportunities across Europe on the Silicon Canals Job Board

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