| Hi all, I am in early 40's. Individual contributor in tech role. Recently I got to know, there is a huge discrepancy in the compensation. A lot of co-workers ( including juniors) are getting paid more than I do. I am not getting promoted too. My performance has been very good. I have always got high ratings. But I never discussed compensation related things with my manager. Only those who make noise are getting rewarded. I can say, I am financially independent. Even if I get a promotion, it wont make any significant difference to my net worth. But others (many undeserving ones) making more than me hurts me. How do I handle this situation? |
2. Don't focus too much on other people when you're having these conversations. Since you're performing well and have never had a compensation review, it's reasonable to just ask for a raise even without the knowledge of other people's salaries. It might be reasonable to say that you're looking for a salary that's in line with what the rest of the team is making (but I certainly wouldn't start with this). Whatever you do, don't discuss other people's deservingness and don't badmouth anyone.
3. Since you're comfortable financially, you always have the option to quit and find another job. For the same reason you might be less likely to quit because of salary. So if you don't get what you want, it really comes down to your personal priorities about what aspects of your job matter to you and no one else can really give you good advice on that.