THE WORKPLACE AND YOU: Bec
ome a value adding Employee
The greatest service I think employers should do for their members of staff is to educate them on corporate finance; the anticipation for, acquisition of, and allocation of financial resources within the organization. Such knowledge will help workers understand how their jobs add to the bottom line.
Most often, employees start to agitate for salary increment and payment other financial emoluments without consideration of the fortunes of the company. They see so much activities going on and misconstrue them to mean that the business is profitable. They fail to connect the dots between revenue and expenses (depreciation on tangible assets, overheads, taxes, pensions, trainings, marketing etc) and feel all the monies accruing to the business should be used to 'settle' them for their time.
It becomes more amazing when you hear some members of staff who have stayed so long on particular designations or ranks, doing the same tasks year in, year out, lamenting about the need for management to pay more for doing the same thing just because they have been around for a while longer. These set of of people are usually lethargic and clogs in the wheel of a company's progress as they forment problems and propagate a philosophy of 'more-money-for-less-work' amongst the workforce.
Every job in a company has a connected line to the company's profits. And a company's profits determines how big the pie baked to accomodate salaries, allowances and bonuses becomes.
So as an employee, devote time to add value to yourself, to your job and ultimately to your company's profitability. Only then can you confidently ask for that raise.
Victor Idem (ACIA) (c) 2016
The greatest service I think employers should do for their members of staff is to educate them on corporate finance; the anticipation for, acquisition of, and allocation of financial resources within the organization. Such knowledge will help workers understand how their jobs add to the bottom line.
Most often, employees start to agitate for salary increment and payment other financial emoluments without consideration of the fortunes of the company. They see so much activities going on and misconstrue them to mean that the business is profitable. They fail to connect the dots between revenue and expenses (depreciation on tangible assets, overheads, taxes, pensions, trainings, marketing etc) and feel all the monies accruing to the business should be used to 'settle' them for their time.
It becomes more amazing when you hear some members of staff who have stayed so long on particular designations or ranks, doing the same tasks year in, year out, lamenting about the need for management to pay more for doing the same thing just because they have been around for a while longer. These set of of people are usually lethargic and clogs in the wheel of a company's progress as they forment problems and propagate a philosophy of 'more-money-for-less-work' amongst the workforce.
Every job in a company has a connected line to the company's profits. And a company's profits determines how big the pie baked to accomodate salaries, allowances and bonuses becomes.
So as an employee, devote time to add value to yourself, to your job and ultimately to your company's profitability. Only then can you confidently ask for that raise.
Victor Idem (ACIA) (c) 2016
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