Am I getting paid fairly? Data, Analytics & AI Industry
Douglas Robertson
Recovering data analyst, helping businesses hire top data and analytics talent | Founder @ DR Analytics Recruitment | Head of Operations @ Data Engineer Camp | Perth ??
"Am I getting paid fairly for the work I do?"
A great question.
Something we've all wondered at some point.
The short answer is – it depends.
I know, 'it depends' is the consulting answer.
But there are a number of variables that affect pay:
Some industries like, mining in Perth, simply pay more compared to others e.g. government.
But how do I figure out what is fair?
Here's the resources to use, or at least find more data points, to answer this question.
1. Job Boards: The Public Square
The best place to find real-time information about active jobs and salaries.
Problem: not all job ads list the salary.
This can be a point of frustration however companies don't post salary to:
Some common job boards are LinkedIn, Indeed and Seek.
With these you get a rough idea of what the market rate is, but you don’t always know if they’re telling the truth.
It's a single touchpoint rather than amalgamated information.
Use job boards to search for positions similar to yours in your area, but take the salary with a pinch of salt!
Note of interest - Seek also posts figures of job remuneration ranges in Australia:
2. Salary Guides: The ‘Real’ Numbers (Sort Of)
Salary guides are like those "expert" opinions that tell you what you should be paid.
These are the reports that recruiters and industry insiders release.
But don’t get too excited – they’re guides, not guarantees.
They’ll tell you what people in your field are making, but they don’t know you personally.
So don't take into account all factors that contribute to rem.
Maybe you’re an absolute legend, and maybe you’re just ‘getting by.’
Either way, it’s a good place to start when you need some ammunition for a salary chat.
Not to support my competition too heavily, but I'll acknowledge they have larger marketing resources to put these together.
Some common salary guides:
Simply trade your email (and opt out of marketing if you'd like!).
3. Peer Network: The Good Ol' Word of Mouth
Now we get to the real stuff: talking to your mates.
Nothing beats the intel you can get from your peers in the same industry.
And that can be peers across companies or inside the same company (taking care to be respectful if this is an approach).
Salary is a personal matter.
So approaching this conversation from a conservative perspective is best, or if you're comfortable, volunteering your own salary range to understand how another person thinks it lines up (recommended only amongst trusted people if at all).
This may not be for your current role, possibly for a role you're applying for!
Networking events are a great way to build your professional relationships and start having these conversations.
(Though maybe not the conversation to have the first time you meet someone!).
Join our own data & analytics networking events (online and in-person):
4. Recruiters: The Middleman That Sees all
Ah, recruiters (myself).
We're the ones who call you up every time there’s a role going that you don’t want.
But guess what?
We're also walking, talking salary guides.
And have got the scoop on pay across the industry and we love sharing it.
Often recruiters come with real data points from the industry and have a finger on the pulse for their specific domain.
You can use them to get a feel for what you’re worth in the market.
But be warned: We'll probably try to sell you a job in the process, so don’t get too carried away with your "salary research."
Conclusion
If you’re asking, “Am I getting paid fairly for the work I do?”
The short answer is, it depends.
The right answer lies in considering factors like your industry, location, experience and company size.
But good places to start for data, analytics and AI roles include:
DR Analytics Recruitment
I'm Douglas - former data analyst and Founder of DR Analytics Recruitment. We grow people and businesses with an exclusive focus on the recruitment of data, analytics and AI professionals. Companies use us to build their data teams because of our industry expertise, specialisation and technical testing.
Get in touch to learn more!
?? Email: [email protected]
?? Phone: +61 430 846 876
?? Website: https://www.analyticsrecruitment.com.au
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Data Engineer
2 个月"be warned: We'll probably try to sell you a job in the process" ??
Data Professional with more than 10 years of data experience.
3 个月The line "We're the ones who call you up every time there’s a role going that you don’t want." cracked me up.