Assessing My Professional Value: What Am I Truly Worth?
Hello everyone, I’m seeking advice on determining the worth of my experience in terms of salary.
I have accumulated four years of experience working predominantly with QuickBooks. My responsibilities include entering sales and expenses, and completing reconciliations for 25 companies on a monthly basis. Additionally, I manage payroll and handle the monthly and quarterly HST filings for these companies. Recently, I earned my PCP designation and hold the Advanced ProAdvisor Certification for QuickBooks Online. As part of my role, I also assist as an office manager, handling calls, managing payments, and performing general administrative tasks.
Currently, my salary stands at 38,000 CAD. I feel that I’m being undercompensated, but I’m uncertain about my actual market value. Any insights would be deeply appreciated.
One response
Determining your worth in terms of salary can be challenging, but it’s an important step in advocating for your career. Based on your experience and certifications, let’s analyze your situation and provide some guidance on what your potential market worth might be.
Key Factors to Consider
Additional Roles: You’ve taken on multiple roles that range from Bookkeeping to office management tasks, indicating versatility and responsibility.
Current Responsibilities:
These responsibilities highlight your capability to manage multiple tasks efficiently, which is highly valued in administrative and financial roles.
Current Salary:
Market Research
To assess whether you are underpaid, consider these steps:
According to these platforms, bookkeepers with several years of experience and specialized certifications in Canada often have salaries ranging from $45,000 to $65,000 CAD.
Certifications Impact:
Your PCP designation and Advanced ProAdvisor status are likely to elevate your salary potential, as they indicate specialized skills and recognized knowledge in both Bookkeeping and payroll.
Geographic Location:
Salaries can vary significantly based on the city or region due to cost of living differences.
Company Size and Industry:
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