A fair pay for a fair day’s labor, as they say. If you are paid a certain remuneration, it is equitable to how much effort you put in, and how much results you yield for the company.
I received an application from a fresh college graduate recently, who has barely worked a month in an industrial company, and is paid $1,900 per month, a fair wage for the job, given that he has no experience and his degree bears no relevance to the job he is doing.
And yet, he was asking for $2,800 at our firm. Likewise, he has no industry experience, and has no university degree relevant to our industry or agency. He boasted of his years of research experience that even I, with a doctorate under my belt, would be too embarrassed to say I am a real researcher.
And another worrying bit is that he has barely worked a month in his current job, and is already seeking another job, and asking for a sky-high pay raise for offering nothing. Do the math, would this person stay? At the earliest opportunity, and possibly every day, he would be using our computing resources to seek the next greener pasture.
Our market value is determined by, well, as the phrase goes – the MARKET. We must not degrade our own talents, experience or knowledge, but neither should we be delusional to imagine we are better than the world around us. We are but a tiny peg in the world, and whatever the market decides we are worth, we embrace it gratefully and do our best.
Dreams are important. But delusions are not.
Seamus Phan has 33 years of professional experience. Polymath Problem-Solver & Strategist – Leadership, Cybersecurity, Branding, Crisis, Scientist, Artist, Author, Aviation, and Theologian. Some articles are reproduced at McGallen & Bolden, where he is CTO and Head of Content. Connect on LinkedIn. ©1984-2020. All rights reserved.