The secret behind flourishing businesses is their employees. An organization grows because of its people.

There are two sides of a coin:
– An employee wants a higher pay.
– An employer wants good people to work for them.

So which side are you?
It is a regular tug of war, and at the state of equilibrium, both sides agree on somewhere in between – an adequate pay for the right people.

If you are on the employee side, your compensation plan is all about the value you can bring to the company. Have you heard the case of Rohan Shah?

In 2013, Rohan was just a 20-year-old college student. He spent a semester internship in Google, and his pay was US$6,100 per month. That’s equivalent to US$80k annual salary which is much higher than many working adults. Well, he has to be incredibly smart because Google accepts only 1,500 interns out of 40,000 applicants each year in the United States.

Google also offers selected interns to convert to full-time employee, and pay more than hundred thousand dollars for the acceptance.

On the other side, big corporations are willing to pay a lot of money to get the best people onboard. The logic is simple. If you take care of your employees, the staff will look after your customers. Satisfied customers are very likely to become your faithful fans. Eventually, they’ll tell others about your products and voluntarily vouch for you.

“If you pay peanuts, you get monkeys.” ~ James Goldsmith, financier.

So, take a look at how much you are making now. Are you underpaid or overpaid? If the case of the employer is overpaying you, don’t be happy because you will soon be out of a job.

On the contrary, if you think your boss pays you peanuts, here is a reality check:

—— Are you the monkey? ——

It is not hard to have a salary increment, to earn a promotion, to get a better job, to increase your sales by 10% this year, etc. You just need to ask the right questions, and work out the answers.

Ask questions like these:
– How do you provide more value to your customers?
– What capability do you need to take up the next level responsibility?
– How do you serve more clients?
– Do you have an excellent work ethics and integrity?
– What can you do to have a positive impact on the business’ bottom line?

Since you already think about it, why not just post your answers below in the comment section? Tell us your job scope and what do you need to deliver to get a higher pay.

 


KCLau
KCLau

Personal finance author and trainer

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