Saturday, August 18, 2007

Retrospectively wrong

Executives in organisations are invariably either paid more than they are worth or they are paid less than they are worth. Not infrequently, as time goes by, someone feels that they have contributed more to the organisation than is reflected in their rewards package.

However it is invariably futile to try to renegotiate in arrears. What has happened to date is history, and if your boss has seen fit to reward you adequately during that period, all well and good. If not, then this is the time to instigate a review with the employer.

But if you approach the subject from a “Lets look at what I have achieved during the last seven years” or “Without my efforts (during those seven years) you wouldn’t be here today”, then it can end in tears.

Self worth, value and contribution needs to be regularly reappraised and then appropriate action can be taken by either party, faster.

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