Career advice

[burglar]

Hello all, just seeking the wisdom of the board here about my situation. ...

You'll never get rich while you get paid by the hour. I read that somewhere ... and I believe it.

 

[tech/a]

You'll never get rich while you get paid by the hour. I read that somewhere ... and I believe it.

Add this to your toolbox

" it's not how much you earn or how you earn it--- it's
How you put it to work that will determine your financial
Success or failure."

Earnings should be put to work.
Not just accumulated.

The sooner you look at your capital as a worker for you
To add to your hourly rate the sooner you'll be free of the
Hourly pay grind--- even if that's where you stay!!

Eg
If you have 100k returning 10% then you are getting
$ 5 an hr from you money.--- 30% and it's $ 15.
compound it and keep adding to it and in a lifetime
Your financial work horse can be quite substantial.
In the early 2000s mine was working at around $250 an hr
For 6 years.

Just be sure your financial situation isn't one of debt
Sucking $ x/ hr out of your earnings!

 

[Tyler Durden]

I've spent my entire working life to date working for large organisations, observations as follows.

1. Actual work output is very unevenly distributed amongst employees. In rough terms, it's about a 3:1 ratio between the most productive versus the least.

Yes I would agree, I think this 'scenario' is present at most (if not all) work places. I have noticed in my office that generally there are people who are willing to do whatever work is given to them, and then there are those who try to get by by doing the minimum.

The thing is, when the boss is looking to give work out, does he give it to the first person knowing that it'll get done, or does he give it to the second person, knowing there might be trouble in getting them to accept the work or knowing that it might not get done in time (or at all)?

The boss will give it to the first person, and this process gets repeated over and over again, and over time, the first person will have a much heavier workload than the second person while they both get paid the same. Is it fair? No. But I suppose life was never meant to be fair.

Agree. Tyler you come across on this forum as imaginative and curious, often thinking outside conventional barriers. I'm just wondering if this could make you somewhat of a threat to less capable people in the workplace?

Thanks Julia. Maybe I should just start being a bludger so that I will get a promotion and pose less as a threat, hehe.

 

[Gringotts Bank]

If you're working in a job where you have contact with other people (clients or colleagues), promotions will go to the most personable employees, not the most clever or most productive. Good reasons for this too, when you think about it. At first glance it looks unfair, but it's not really. I would have made the same decision if I was the boss, so long as the guy wasn't a total slacker of course.

 

[sptrawler]

Add this to your toolbox

" it's not how much you earn or how you earn it--- it's
How you put it to work that will determine your financial
Success or failure."

Earnings should be put to work.
Not just accumulated.

The sooner you look at your capital as a worker for you
To add to your hourly rate the sooner you'll be free of the
Hourly pay grind--- even if that's where you stay!!

Eg
If you have 100k returning 10% then you are getting
$ 5 an hr from you money.--- 30% and it's $ 15.
compound it and keep adding to it and in a lifetime
Your financial work horse can be quite substantial.
In the early 2000s mine was working at around $250 an hr
For 6 years.

Just be sure your financial situation isn't one of debt
Sucking $ x/ hr out of your earnings!

Good advice tech/a

 

[Smurf1976]

The boss will give it to the first person, and this process gets repeated over and over again, and over time, the first person will have a much heavier workload than the second person while they both get paid the same. Is it fair? No. But I suppose life was never meant to be fair.

Been there, experienced that scenario from both sides.

If the boss is aware of what is going on and has a desire to be fair and reasonable, they have two realistic options. Either force the second person to work harder (difficult to achieve in a large organisation with plenty of formalised loopholes) or they will make a conscious decision to promote the first person when an opportunity arises. And if no such opportunity is likely to arise, then quite likely they will go out of their way to make one.

Some will see this as playing favourites. The boss will see it as the only workable means they can find to reward hard work, initiative and productivity in an organisation which doesn't offer bonuses etc.

PS - Agreed with tech/a

 

[Gringotts Bank]

The other thing that's important to know about promotions is that the boss will promote people who match his own personality, all other things being equal. So when you go for a job, find a company and a boss whom you really admire and respect, then the whole thing flows properly. If you're working for a pr1ck, or some Dodgy Bros company how on earth can that work?

To get my current job, I asked "whom do I respect?", not "who has advertised in Seek this week?". Then I went in and asked to speak to the boss. Nothing was available there and then, but 1 week later he called to offer me some part time work.