Senin, 25 April 2011

What do you do and what does it cost?

A colleague and good friend of mine is about to embark on a new career. His timing probably could not be worse; but then he didn't get to choose. The company he works for is restructuring itself and people at his level and above in his company have fewer options than most.

His options are limited to finding a position which is at or above his current level. His company has a policy that displaced managers cannot take positions lower than their current management level. In times like these many solid performers are finding themselves unemployed with few prospects for directly replacing lost income.

In good times people are in demand. For good people this is especially true. When times are not so good - and they certainly aren't these days - people are cheap and easy to come by. Top talent is cheap, especially if it is desperate for work and the income that comes with it.

In my view, this is the risk you take on by not being a 100% fit for the job you're doing.
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If you aren't 100% suited to what you're doing you'd better be looking over your shoulder. Your employer is looking for someone who is either less expensive than you and equally as good a fit, or he's looking for someone who will perform better for the same cost. His chances of finding both are never better than they are now.

The takeaway here is to know what it is you do well - what you'd do better than anyone else, for free - because that's what you can charge the most for. Once you know and understand that you can't fail to succeed.

Source: http://www.myinvestmentblog.com/what-do-you-do-and-what-does-it-cost

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