Valuing Yourself – Assessment of Fair Market Value [Part 3]

By: Heero Yuy

a-complete-guide-to-the-mens-fashion-in-american-psycho

Part 3 – How the Job Market Assigns a Fair Value:

It’s a Wonderful Life beautifully illustrates how the Job Market assigns us our valuation:

This point can further be explained with an example in the following dialog:

[Case 1]

Employee (John): I heard you wanted to see me boss?

Boss: John, yes, please sit down. I like to discuss your performance and we loved how you performed last quarter!

Employee (John): That’s good news! Does this mean I get a raise or promotion?

[Variation 1] Boss: No, we’re just going to fire you!

[Variation 2] Boss: No, we’re just going to keep you as is but keep up the good work!

[Variation 3] Boss: Yes, you are getting promoted! [varying degrees of monetary reward and perks]

[Case 2]

Employee (John): I heard you wanted to see me boss?

Boss: John, yes, please sit down. I like to discuss your performance and we hated how lousy you were last quarter! You’ve finally hit the bottom of the barrel!

Employee (John): Well that sucks, does this mean I will be fired?

[Variation 1] Boss: Yes, we’re just going to fire you!

[Variation 2] Boss: No, we’re just going to keep you as is but keep up the good work!

[Variation 3] Boss: No, we’re going to retain you and pay you more than our CEO!!!

  • Case 2 Var 3 is like winning the lottery. Everyone hopes this happens to them but it is very unlikely. We all strive for a balance between the qualitative assessment of our performance and the quantitative reward for our work. Case 2 Var 3 is a qualitative failure and quantitative success.
  • Case 2 Var 2 is a pleasant surprise for not doing well while still being retained.
  • Case 1 Var 1 is the worst scenario to have where hardwork is rewarded with being let go for no apparent reason.
  • Case 1 Var 2 is the second most irritating when there is no marginal reward for additional effort(s) committed.
  • Case 2 Var 1 and Case 1 Var 3 are the expected results for doing poorly and being let go and doing well and getting rewarded.

Generally speaking, we are thrown out of balance when the qualitative differs from the  quantitative assessment.

The difficulty is striving to find the fine balance between the different values as assigned in the market place for how we sell our time in exchange for money. The entire job hunting and skill building for a rewarding career that pays well is centered around how this game is played between the employer and the employee in determination of the qualitative and the quantitative value of the individual.

The house wants you to lose so that you can add value to line their books with profits. You want to maximize your returns so as to take home the winnings and exchange the loot for goods, products, or services. Know how the game is played so that you can maximize your earnings and also add value to any organization whether the enterprise is an employer or one of your own.


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