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Tips for Discussing Compensation With Your Employer

Tips for Discussing Compensation With Your Employer

Approaching a prospective or current employer about money can be intimidating. At the same time, you need to clarify your salary, whether you will be paid for overtime hours, and other matters related to your overall compensation. Not bringing these issues up can lead to wage and overtime disputes, which jeopardize your rights as well as your pocketbook. The following offers tips to guide you in these discussions. 

Negotiating Your Salary and Wages

Whether you are negotiating salary and wages for a new job or seeking additional compensation for your current position, it is important to be prepared. Doing your homework and knowing upfront what you will say can help you in discussions about money with current or prospective employers. These tips from Indeed provide some helpful guidance: 

  • Find out what the national average is for your job. 
  • Calculate the cost of living in your particular city. 
  • Factor in your education, years of experience, and any special skills. 
  • Decipher what others in the company may be making. 
  • Arrange a meeting specifically for the purpose of discussing compensation with your employer.
  • Rehearse what you will say. 
  • Determine how flexible you are willing to be. 
  • Consider how health insurance and other benefits contribute to your compensation package. 
  • Based on your individual needs, decide on an ideal and the minimum amount of compensation you are willing to accept.   

Asserting Your Rights Regarding Wages and Overtime Pay

Discussing compensation with an employer can be tricky if you feel they are offering or paying less than what you are entitled to or are otherwise depriving you of important benefits. In these situations, you may need to assert your rights

  • Your rights regarding minimum wage: The Fair Labor Standards Act (FLSA) sets minimum wages at $7.25 per hour but in Illinois, state law requires employers to pay at least $11. 
  • Your rights to overtime pay: The FLSA also requires most employers to pay overtime if you work more than 40 hours per week. This must be paid at a rate not less than one and one-half times your regular pay. 
  • No obligation regarding holiday pay or benefits: Employers are not required to pay more for weekends or holidays, unless these fall under the category of overtime. They are also generally not required to provide insurance or other benefits. 
  • Accurate recordkeeping: Employers must keep accurate records regarding hours and pay. They are prohibited from making paycheck deductions without your prior knowledge or authorization. 

Concerned About Compensation? Contact Our Chicago Wage and Overtime Dispute Attorney

Do you have concerns regarding your rights regarding pay? Contact our Chicago wage and overtime dispute attorney and request a consultation. At The Law Office of Mitchell A. Kline, we help you get the compensation to which you are entitled.  

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