I was just running a hypothetical scenario in my head concerning salary. As I am contemplating shifting position into an area that is a bit more visible within the company, I assume there will be more money on the table. For many, getting a "raise" in salary is one of the core reasons to look for more responsibility in the workplace, but is it because of the money itself?
For me, a little more fiat income is always welcome, because the more I get, the less chance I will ever need to use crypto. But to be honest, it really isn't a very good incentive, especially under current conditions as I cover the what would likely be small monthly increase with other activities. As I have said before many times, the goal is to build income streams that can sustain me through all markets, but there is another reason. I don't ever want to be influenced to take a job for a payrise - I want to only take jobs I see as valuable and, for which I am suited.
But.
I like big buts
And I cannot lie, the extra salary does matter. Not because it is an incentive, but because it is a reward for the work. In my opinion, compensation has to fit the job, so regardless of whether I need or want the money or not, it has to be adequate. Taking out the utility of money as a tool of trade, as a salary, it is a representation of the value of the job itself. This is definitely an imperfect metric across fields where for example, comparing societal value of jobs like nursing or derivative fund managers, but within an organization, there is some correlation.
From my perspective, if current job A pays X and future job B is more valuable to the company, it has to be better rewarded. I am not someone that cares about the incremental change and not an iota for job titles, but I am someone who values being valued. Part of that "being valued" composition includes being adequately rewarded for a position and for exceeding the requirements of that position.
If it is a job worth doing, it is worth doing well.
Also, if it is a job worth doing well, it is a job that should also be adequately rewarded. At least that is what I believe, which I think is partly influenced by a job I did when I was in my early twenties.
A guy I knew asked me to take some work from him, as he didn't have the time or patience. The job was getting the paper in the morning and an extra one on Thursday, skimming it for articles about a client company, if there were articles I would have to scan and email them, if not my job was done. It was 6 days a week and would take a total of about 4 hours a month. I got paid the same as 3 weeks of my average salary of my full-time job!
When he propositioned this to me, I asked if he was sure if he wanted to pay me so much To which he replied, "This is what they pay me to do the job, so this is what the job is worth to them to have done. You do the job, you get paid what the job is worth."
Now, at the time he knowingly could have quite easily offered me half as much and I would have likely asked the identical question about it being so much. He could have given the same reply and I would have felt adequately rewarded, while he pocketed half the money. But, he didn't - because of a simple reason. He had integrity.
And I think that this is why in the workplace, adequately rewarding jobs based on what they are worth to the company is important, because it demonstrated integrity. This is something that is important to me, which is why I do not give salary wishes when asked on application, I let them make an offer, but let them know that one way or another, I will soon enough discover what the job is actually worth, so if they under pay me for it, they have shown their lack of integrity and will have lost my trust. Once trust is lost, no amount of increased compensation will win it back. You can buy many things - but, You can't buy trust.
This is becoming far more salient in the job market because it really is getting hard to find goo people to employ and when there is so many options, retaining the best is very difficult and money isn't enough by itself. However, when the money is adequate and there are other factors like trust and valued relationships in the mix, the money takes backstage and the job can be done because it is worth doing. Especially when the people who it is getting done for appreciate the work getting done, and not only because they underpaid for it.
In jobs where skills are common, salaries are lower because pretty much anyone can substitute in to do the work. It doesn't necessarily mean they do the work well, but the consequences of an "average job" might not be that costly for the company- average is good enough. However, in a position where there is a lot riding on the performance and outcomes of the position and the skills are hard to come by, especially if paired with an appropriate mindset, the salary is going to increase.
When it comes to salary, it isn't only based on the value of the position to the company, but also on the value that the person brings into the job with them. some people do what is needed to be done. Some people do so much more.
As the saying goes - you get what you pay for.
Taraz
[ Gen1: Hive ]
Posted Using LeoFinance Beta
It’s good to get a nice raise for the different job that’s for sure however the other job needs to be something you enjoy doing as well. It will take a bit to understand it but if the job turns out to be crap it’s hard to do that even if it’s making good money.
Good luck with the new role! I know it’s exciting, I felt the same rush in my previous transition. Going from working in the thick of it to being on the IT admin side was awesome!
Sadly, though as you say, they broke trust. You bust your ass for them, but when it comes down to things that we feel strongly about and they don’t support us on it, peace out. I didn’t want to leave but they left me, is how I think of it.
Yep. I have been recommended for it and told that I would be good at it from people I do trust, but let's see if it is for me :)
I see it like a relationship - I don't want to be with someone who doesn't value me.
I think for smart employers this definitely the case... that they pay based on the value a person brings to the company... but I think for so many companies, especially larger ones, you're not paid based on what you're worth... you're actually paid on what it would cost to replace you. Which, honestly, has always worked out really well for me and my weird little niche skills.
Yep. THey hire based on narrow function of the position, not the person to fill it.
Precisely. This is eloquently put - I'm gonna steal it! :D
Gathering hot women willing to be in front of the camera? :D
Niche is good for many things. I have a few "differentiators" of my own that i can leverage. The thing is, most people want to be the best of the average, so having skills that stand out of the average, is highly valuable, even if they aren't the best.
I always thought that way, if a company gives value to your job then it will pay you properly. You're asked for whatever position you applied to accomplish what is needed to have it done, surpassing the limits and give them more is an extra that depends on how you feel within the company scheme. Payment should fit the responsibilites you're taking so must do the appreciation on payer's side.
I'm not receiving an accurate salary nowadays regarding the job I'm developing every day but I keep working for the company. It's because I take into account more than the money I get, a bunch of things: if I feel like a piece in the scheme, wheter I can develop my skills, the daily contact with people surrounding me and lot of other little things that make my life and future look better inside the working process.
I've worked for other companies in a wide range of salary levels and situations. I was there normally till my contract expired. If they didn't renew it for some reason I left to not come back again althouh some of them asked me to. In such situations is when I appreciate the trust and integrity of my superiors. If they left me go is because at some point they didn't valued me enough so I won't in any case value them back more, why should I?.
yep.
This is the value-added stuff employers need to think about i order to get and keep the valuable employees.
Exactly. As I said above, it is like a relationship - if a person doesn't want to be with me, that is fine - I wish them all the best and move on.
Even in a self-employment situation a team spirit must be present. That spirit will grow if there's trust and integrity involved (as you stated in your text) but the main source comes from the top, you in case it's your business.
I think there's a big lack of both virtues but that doesn't necesarily means a business won't success. It's a paradoxical reallity but also historical to be accurate. The "team" word seems to appear everywhere withing the job environments but few companies have actual groups that behave like should. Competitiveness seems to be camping freely and who is your partner (team mate) today may convert himself in your "killer" if possible...sad.
I still prefer being self employed in the aspect of having my own time and space so as not to be controlled by anyone in the sense of resuming work at a particular time then close the appropriate time the job says or the time fixed too. Special skills is much required in also making earn for a living at least this requires you having your time and space for the job.
I agree. I am self-employed too :) I have two full-time jobs and then, whatever I do on the side with crypto. There are only so many years of opportunity to build in a lifetime and this is one of those periods in mine.
Economics 101- you get paid for your productivity
For me, my employers always got more than they paid for. After running successful businesses for years, I decided to look at Crypto as a way to earn a mostly passive income. When you produce results and the reward is not meaningful it becomes difficult to motivate yourself to continue, especially when the job requires 60 to 70 hours a week, no weekends, no public holidays.
For some of us, Crypto is way more important to us than others... it's a lifeline.
beautiful as always....... 😍
Salary escalation is always welcomed but the worth of a job should always justify the salary as well. And self satisfaction should also be kept in mind while selecting a job a part from salary. Thanks.
Great post but boss
...and I cannot lie 😀
Trust is everything. We can see how governements are finding it hard to stop the adoption of crypto currencies, given how they have missmanaged economies. Soon large corporations and various social media platform looking at how they are profiting from there users and not rewarding them
Been moved here and there in the current company I'm working with. Different roles, different assigned value. Honestly speaking, I'm getting less than what other companies could pay me for the same job I'm doing. Guess, it's true that salary isn't everything. Company culture, the people you work with and even the kind of boss play a big role in deciding to stay or leave. Probably why I stayed for 6 years and counting now since graduating from college.
To me it’s always best to have another meeting source of income, so that when there is a bear market and one is not an expert to trade in such market, one can actually income outside crypto and still be able to buy coins when the price has fallen. NFA
I think this is valid for operational works.
Unfortunately, both person would get almost the same salary in many companies.
In general, there would be a job transfer for the future job B, and the transferred employee from a company to another rewarded better.