Thursday, May 24, 2007
What's Your Exchange Rate ?
I was writing out the salary cheques one day, and one of my employees walks up to me, with her cheque in his hand. "I think i deserve more," she said. I was pleasantly surprised. I like and admire courage to stand up for oneself. "Sure, I said, "How much more do you deserve ?". I think i caught her off guard, coz she replied back "Ummm, I dont know how much, but I know I deserve more." I told her, "Then go back, do the math and come and tell me how much." "And, give me a break up of that !" She didnt come back for two days.
I walked up to her desk on the third day and asked her what happened, and i found out, that she had already consulted with two of her colleagues, on how much more she deserved. End of the story, I gave her a raise, and she is happy. But the real question is, how does one calculate what one deserves when it comes to exchanging work for money ?
This incident got me thinking, and i reached some conclusions. And it helped me greatly because i revised my salary and my professional fee. I now make 4 times the money that i used to since last month. And thanks to my employee, who brought to my attention that "I deserve more."
Before i let you in on my theory, I want to know from, how did you decide your salary ? How did you give your efforts a number ? Or did you even put any thought in it ?
Your answer will bring you riches you cannot even imagine, so do reflect on this and comment !!