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How Would You Like To Get Paid What You Are Really Worth?
A common cry amongst employees is that they are not being paid what they are really worth. The cold hard truth is that in most cases if they started to get paid what they were really worth then they would be getting a pay cut not a pay rise!
If you have the courage to get paid what you are really worth then read on.
Let me start by asking a very basic question. What is the main purpose of a business?
The main purpose of a business is to generate a profit for the business owner. Further to this the profit should be large enough to warrant the expenditure of time and resources, and also large enough to justify the financial and other risks that the business owner takes on.
Now for a second basic question. What is the main purpose of an employee?
The main purpose of an employee is to help the business achieve the level of profit discussed above.
If you are a business owner living on business profits or an employee being paid in direct proportion to your contribution to business profits then you are probably already earning what you are worth.
A business owner who puts the business into debt in order to meet his or her salary is probably being over paid relative to their true worth.
An employee who is not doing their best each day to help the business they work for run profitably and efficiently is probably being over paid for their true worth.
If you are an employee who is serious about being paid what you are worth then one solution is to start your own business and discover what you are actually worth, financially speaking. The statistics tell us that 80% of businesses fail in the first year. These are the people who discovered that their particular skills and work habits are actually worth a lot less than they thought they were.
Unfortunately it is not possible to tie everyone's salary to their direct contribution to bottom line profit. It would be far too difficult to calculate that for some jobs, such as a secretary for example. So how do you determine the true worth of such employees?
One simple way is to look at three components.
1. How important the position is to the profitable running of the business.
2. How well the employee carries out the essential duties of that position.
3. How easy it is to find someone else who will do the job just as well but for less money.
From this you can see that there are three obvious ways to increase what you are worth to the business and so put yourself in a position to increase what you are being paid.
1. Work your way into a position that is more essential for the profitable operation of the business (either with your current employer or a new one.)
This can be achieved by increasing your relevant knowledge and experience and then applying that knowledge and experience in a way that it improves the profitable running of the business.
2. Carry out your duties as well as humanly possible.
Always give 100% while you are at work. Look to increase your efficiency. Look to reduce any time wasting or non work related activities. You may be amazed at just how much more you can produce if you really get serious about putting in your best efforts in an organized manner.
3. Do such a good job that it is impossible to find someone to replace you.
No employer wants to lose an excellent employee. If you combine the strategies in 1 & 2 with good people skills and teamwork then you will become an employee that your employer cannot afford to lose. Now you should have no trouble getting that pay rise or, if need be, finding a new employer who is willing to pay you more.
Don't be the type of person who wants the pay rise before you make yourself more valuable. That is as silly as asking a fire to give you heat before you have added the fuel and set it alight.
Have the courage to take an honest assessment of whether you are currently getting paid what you are really worth or not. Chances are that you will need to start increasing your value to the business in order to increase both your worth and your earnings.
About the Author: James Delrojo would like to help you by giving you his
ebook "Unleash the Success Power of Your Mind"
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