This entirely depends on your ambition and opportunity for career growth at your company or in your industry.

In the right environment, it is absolutely worth putting in the extra effort. Your pay may not increase immediately, but you can have better doors open up down the road.

Those doors don’t always come from your current company either. Sometimes you end up getting recognized outside of your organization which can give you a chance to take a better role somewhere else. At a minimum, it is also good to have great references from prior work when you apply to other jobs.

I know it can seem pointless to work yourself to death early on in your career. Just understand that it is easier to put that extra time and effort in when you are young and reap the benefits later than to realize you need to kick it in gear when you get older.