Working above my pay grade is how I've gotten every promotion I've ever had. But it took me a couple of years to realize how important it was for me to get outside of my comfort zone. As a young, green journalist I voiced my discomfort over producing an hour-long newscast with next to no experience (the previous producer had left, the new one hadn't arrived and I was the only option). It was very much a learn-by-doing shop, and I spent a little too much time worrying instead of learning. It held me back for a bit.
Some questions for you: Is this a company habit, assigning people to work at a level above their norm? Does it feel like they're doing it so you can learn, or because they're setting you up to fail? Or are you filling in for absent co-workers? If others are also being asked to work above pay grade, have they reaped any rewards from it? (Beyond the knowledge which is invaluable; put this stuff on your resume!)
I'd mostly be concerned if they seem to be setting you up to fail. Otherwise, I'd be keeping track of everything and push for a raise or promotion. And if none is forthcoming, you have all this great experience that you can put to work for your next boss.
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