Employee Compensation: How Much Value Do You Add on the Job?
By Nick Thomas The phrase Value Added is widely known around the world, partly because it provides the taxation basis that businesses charge their customers on purchases in many countries. And so to most of us, Value Added means the government and supply chains substantially mark up prices and we end up paying more for the things we buy. That means the phrase has an unpleasant connation for most people - one all too similar to highway robbery. And thats unfortunate, as the value that you add on the job is the single most critical factor in determining how easily youll find a new job and how large a pay package youll command. Since businesses are in business to make money, theres no incentive to hire a new employee for (say) $40,000 if that person produces only $20,000 of value. On the other hand, theres substantial incentive to hire someone for $40,000 if that person can produce value worth $60,000 $80,000 or even $100,000 for the company. This means that persons who can add $100,000 of value are likely to have many companies seeking to hire them. Companies have to compete for these special candidates and one way of doing this is to increase their offers to $50,000 or $60,000 or even $70,000. Think of the value-added amount you can contribute as being the theoretical ceiling for your earnings. You wont get paid more than youre worth (at least, not for long if the company realises it), but companies are more than happy to pay you far less than youre worth if you settle for it. Most employees are in this position, unfortunately. Are you one of those unfortunates? Probably, unless You understand the amount of value that you can add (most employees dont)You can spell out how and where you would add that value (most employees cant), andYoure a skilled negotiator (most employees arent)Do you know the answers to the three questions above? If not, the odds are good that youre not presently securing a substantial portion of the value that you add for your current (and future) employer. How do you help your company make money? How do you help your company to save money? In what ways are you more productive? How much more productive are you? What good ideas have you come up with that have helped the company? If you have good answers to these questions, youll have a real advantage when competing for jobs and negotiating your compensation. But most people dont know how to determine these factors on their own. And even if they do, they lack the ability to effectively market that added value in a way that portrays them in the best possible light. Learning your true added value and communicating it persuasively to employers are two of the most important skills you can learn (or pay others to teach you). It will literally make a world of difference to your career. Nick Thomas runs an international writing business that helps job seekers get the interviews they want with high quality professional resumes and CVs. Your company uses a professional marketing service … why don’t you? For UK clients: http://www.highimpactcvsonline.com. For US clients: http://www.highimpactresumesonline.com. This article may be reproduced without permission as long as this paragraph is included in the reproduction. Article Source: http://EzineArticles.com/?expert=Nick_Thomas http://EzineArticles.com/?Employee-Compensation:-How-Much-Value-Do-You-Add-on-the-Job?&id=153997 oralichenplanus vs ambien cr ambien ultram withdrawl ambien cr mixing xanax and ambien
