Wednesday, May 2, 2012

Know your worth at work!


What amount do you think your knowledge should be worth? how valuable are your skills to your employer or place of employment?

These are things you need to know so that you are paid your worth and not underpaid. A lot of individuals are losing money and earnings because they don't know their worth and how much value they add to the market.


Don't know your worth or what your job is worth in the market place?
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It is up to you to perform an evaluation of your skills, productivity levels and your contribution to the company. Find out how much people with the same skills and job description are paid by their employers because you need to know the going pay rate in the job market.

Then, ask yourself, ''What range would the company have to pay to find someone like me?"

Your skills and talents are worth something and you want to get paid the fair-market value when a company makes you a salary offer. But what is your market value? Don’t trust the hiring company. Find out for yourself.

You can research your job, your duties, and classification on many online boards to help you pin point what your pay range should be. Basically, you need to be able to answer the question, “What range would the company have to pay to find someone like me?” or how about, “If I don’t take the job what would the company have to offer to find someone as good as me?” Without having answers to questions as these, you won’t be able to substantiate your case for the salary you want.

These sites can help shape your opinion:
  • PayScale.com — collects ongoing salary data directly from visitors.
  • Salary.com — collects salary data from companies and customizes it to location, size of company, etc.
  • CareerJournal.com — has articles about salary trends.
  • Bureau of Labor Statistics — supplies surveys of corporate payroll data and employee questionnaires.
You will not end up with a simple numeric answer, but with an hour or so of effort, search and printouts, you can get a range for the pay-level comparison. Once that’s done, the two other factors above should be calculated.

Don't let your work go UNDERvalued!!

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