4 ms·

"If they are too busy to make sure I'm not having to question my value, I would rather find another employer that may not have this issue." Honest question: ha

"If they are too busy to make sure I'm not having to question my value, I would rather find another employer that may not have this issue." Honest question: have you quantified your value to your current employer in dollar terms? A lot of people I know say they're worth $x because that's what another company might pay them, but I can count on one hand the number of these people who actually did the math on how much revenue/profit their employer derived from their work.

candybar 13y ago
Most employees don't directly contribute to revenue and are largely replaceable. Assuming their position cannot be eliminated, that is, the decision to have that position in the first place is reasonable, they are worth approximately what their replacements would cost in salary and training. Thinking of your worth as being largely determined by what another company might pay for you (or a similar employee) is generally reasonable, unless you're directly responsible for some portion of the revenue in ways that are not replaceable, which is true of very few people.
- rahimnathwani 13y ago
  If you're trying to estimate your worth to your current employer, you may be better off estimating how much they would pay for a replacement (and how urgent the search would be) if you were to leave. The value to another company, whilst interesting to see if you're at the right place, doesn't necessarily help figure out your negotiation position if you'd prefer not to move.
chris_mahan 13y ago
At a previous employer, I did some work, over a three year period. (Custom reporting system, nationwide, 10,000 people fortune 500. The system was used by hundreds of managers and above, and professional workers (think 7 years of college or more). Shortly before we were laid off (the IT dept was outsourced to Cognizant), there was a bid for re-writing the system. Cognizant came back with a quote for $20,000,000. Yes, that's 20 million dollars. That was in late 2008. As of last year, a director there told me they are still using my system, 4 years after I left, and zero maintenance had been required. I made 65,000 per year for four years. What do you think I should have made, money-wise? At my current gig, same thing. Billions of dollars at stake, and I single-handedly design, build, deploy (one-click -- the power of scripting) and maintain systems used by over 1000 people, from executives to line workers. What is my true worth to the org? Do you think they would pay be $900,000 a year? Even at that rate, they would still make money off my work.
- jbredizzle 13y ago
  I can't tell you what you should have made but unlike a lot of the people who are constantly whining about how they are underpaid because they have a friend at Google making $150,000/year, you actually did the math and can argue for your value. :-)
- whatevsbro 13y ago
  I see where you're coming from. In a way, you have a point, and in another, you don't :) You've provided massive value to the business, but on the other hand, other people made your job possible probably by working pretty damn hard. Start your own business and keep all the profits you earn.
  - chris_mahan 13y ago
    You're right: other people made my work possible. They put computers on my desk, paid for (nice) offices, paid the power, air conditioning, water bills, stocked the coffee room, emptied the trash, etc. They also insured the software was licensed, the laser printers were fast, stocked, and maintained. They paid the networking bills, etc. All these things I would have to do myself if I ran my own business, and I could not possibly do them as well and as cost-effectively as people who specialize in that work. This leads to why small businesses are hard: the owner has to do everything themselves, and at many things, they are bad. At my current company, I give the car to the free valet in the garage, grab a cup of tea, walk to my desk and sit down and work, without worrying about all the infrastructure stuff.
    - whatevsbro 13y ago
      > They put computers on my desk, paid for (nice) offices, paid the power, air conditioning True, but more importantly, before all of that, they made something people want to pay for and acquired enough customers to pay for that shit, and for lots of salaries too. That's a good accomplishment, unless they're part of some government-supported cartel etc. There are plenty of those too.
- marvin 13y ago

candybar 13y ago

Most employees don't directly contribute to revenue and are largely replaceable. Assuming their position cannot be eliminated, that is, the decision to have that position in the first place is reasonable, they are worth approximately what their replacements would cost in salary and training. Thinking of your worth as being largely determined by what another company might pay for you (or a similar employee) is generally reasonable, unless you're directly responsible for some portion of the revenue in ways that are not replaceable, which is true of very few people.

rahimnathwani 13y ago
If you're trying to estimate your worth to your current employer, you may be better off estimating how much they would pay for a replacement (and how urgent the search would be) if you were to leave. The value to another company, whilst interesting to see if you're at the right place, doesn't necessarily help figure out your negotiation position if you'd prefer not to move.

chris_mahan 13y ago

At a previous employer, I did some work, over a three year period. (Custom reporting system, nationwide, 10,000 people fortune 500. The system was used by hundreds of managers and above, and professional workers (think 7 years of college or more). Shortly before we were laid off (the IT dept was outsourced to Cognizant), there was a bid for re-writing the system. Cognizant came back with a quote for $20,000,000. Yes, that's 20 million dollars. That was in late 2008. As of last year, a director there told me they are still using my system, 4 years after I left, and zero maintenance had been required. I made 65,000 per year for four years. What do you think I should have made, money-wise? At my current gig, same thing. Billions of dollars at stake, and I single-handedly design, build, deploy (one-click -- the power of scripting) and maintain systems used by over 1000 people, from executives to line workers. What is my true worth to the org? Do you think they would pay be $900,000 a year? Even at that rate, they would still make money off my work.

jbredizzle 13y ago
I can't tell you what you should have made but unlike a lot of the people who are constantly whining about how they are underpaid because they have a friend at Google making $150,000/year, you actually did the math and can argue for your value. :-)
whatevsbro 13y ago
I see where you're coming from. In a way, you have a point, and in another, you don't :) You've provided massive value to the business, but on the other hand, other people made your job possible probably by working pretty damn hard. Start your own business and keep all the profits you earn.
- chris_mahan 13y ago
  You're right: other people made my work possible. They put computers on my desk, paid for (nice) offices, paid the power, air conditioning, water bills, stocked the coffee room, emptied the trash, etc. They also insured the software was licensed, the laser printers were fast, stocked, and maintained. They paid the networking bills, etc. All these things I would have to do myself if I ran my own business, and I could not possibly do them as well and as cost-effectively as people who specialize in that work. This leads to why small businesses are hard: the owner has to do everything themselves, and at many things, they are bad. At my current company, I give the car to the free valet in the garage, grab a cup of tea, walk to my desk and sit down and work, without worrying about all the infrastructure stuff.
  - whatevsbro 13y ago
    > They put computers on my desk, paid for (nice) offices, paid the power, air conditioning True, but more importantly, before all of that, they made something people want to pay for and acquired enough customers to pay for that shit, and for lots of salaries too. That's a good accomplishment, unless they're part of some government-supported cartel etc. There are plenty of those too.
marvin 13y ago