A Value Is Not Available To The Formula Or Function Increase Your Earning Capacity, Not Just Earning

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Increase Your Earning Capacity, Not Just Earning

“Our employees are our greatest asset.”

How often have you heard this announcement by the CEO of a large corporation at their company’s annual dinners or formal events? And when a company gets into trouble and needs restructuring, one of the first “assets” to go is their biggest asset; i.e. their employees, how ironic, but this always happens. Layoffs have become the perfect cure for most struggling businesses. After all, once the company is back to normal, they can always hire much better, more qualified workers at lower wages.

This formula seems to work most of the time, if not always. The credit crunch that has affected the global financial sector, as well as many other business sectors, has not heard of stories of layoffs to keep a company alive during these tough times.

The business world is changing so fast that if you’re happy with what you’re doing now and believe you’re doing your duty and working towards your goals, you’ll be in for a rude shock when companies are looking for layoffs. . Most companies today use key performance indicators (KPIs) to measure the performance of their employees, and many of these KPIs are looking for generalists rather than specialists. Which means you must have multitasking skills and abilities. The day of specialization is long gone with the age of technology.

Most employees and trust me tend to work hard to complete their daily tasks and hope for a raise and maybe a bonus at the end of the year. Although they have increased their income due to a job well done, they are unable to increase their earning power; meaning that what they do is what they only knew, anything but that, they would be lost. This makes them an ideal target for downsizing if the company needs restructuring

To avoid such an unpleasant situation, self-improvement is always outside the scope of one’s duties; learn something new on your own without being told. Apply your newfound knowledge and skills to your work and work smart. If your current employer didn’t notice, their competitors will. In addition to learning something new related to your job, you can learn something completely different from your job to increase your competence, not just your ability. Your career options are broader than your peers who stick to their field.

Always remember to increase your value first before other people start to value you.

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