You are at a company for a few years. You are well liked and counted on.
You find out that new people with either similar or less experience than you are being hired to do your exact job, for higher pay.
What do you say, and do you have a leg to stand on?
If it’s not discriminatory, that simplifies the situation, but it still takes a lot of courage. Ask your supervisor if your current performance is meeting expectations. If it’s not, then ask what you can do to improve.*
But assuming you are doing a great job, it’s time to let them know what you know.
“I understand circumstances might have been different when I was brought on, but I’m wondering if we can discuss my compensation as compared to my peers.”
(Listen to awkward babbling/excuses).
“So if my performance is equivalent to theirs, is there a way we might work together to close this gap?” (They might say they are unable to address this mid-year.) “Then can we close this gap during the next set of raises?”
The key is to keep the boss from going on the defensive. Keep Boss on Team Fairness and make the Guys In Accounting the other side. Together, Team Fairness can fix this right? Now that we all agree we are on Team Fairness we can work together to fix it.
There may even be an opportunity to get a little more out of such an effort. Perhaps compared to the market for your job both you and the new hire are underpaid…you just happen to be more underpaid. Recently, a friend of mine learned the organization down the street paid much more. It took 5 months, but she got a 20% raise by bringing the market rates to her boss’ attention and then following up. Feeding your boss some points of comparison equips them with the tools needed to make a case and advocate for a change. So, if you can get hard data (e.g. Glassdoor), it is easier for your supervisor to advocate for you.
*If your supervisor believes you lack some skills possessed by your peers, this discussion will convey the drive to address any gaps to achieve greater success in your current role. So, you’ll at least have an agreed upon plan to get to your desired compensation level.