Calculate Your Worth As an Employee
In today's economy, businesses are trying to cut back and employees, most often, are not being paid what they are worth. Even if you can't get that raise right now, it's a good idea to know what you are worth as an employee.
- Document what you do. This will take more than an hour or so. You need to know what you do and how often. You can do this in the form of a resume, a mind map, and many other things. Don't worry about the one page limitation for this particular 'resume' though.
- Determine if your position has a title. Are you a brick layer, an administrative assistant, a cashier.
- Go to the census bureau. They have information on pay and benefits that might be helpful.
- Check out the Office of Personnel Management. There is a lot of information to be found there.
- Ask around. While most people might not be interested in letting you know what they make, some might.
- Know what factors should be used to determine what you are worth. Some of them are:
- Time in position
- Ability to 'fly by the seat of your pants'
- Where you live. The position you hold in Washington state is probably worth (monetarily) more than the same one in Kansas. Mostly because of the cost of living.
- Find out what the cost of living is in your area and how it compares to other places.
- Calculate Fringe Benefits
- Reduce Employee Turnover
- Write an Employee Handbook
- Improve Employee Morale
- Be an Excellent Employee