One of the biggest for challenges for the average employee is trying to understand not only what you’re worth from a personal perspective, but from an employer’s point-of-view too. We spend much of our lives trying to increase our worth through training, achievements and garnering experience, all of which can be easily quantified and measured. The issue occurs when looking beyond these common measures.
For an employer, the value and worth of an employee is a much more complex issue. It goes beyond salary and qualifications; employers must consider every aspect of an employee’s presence an impact to accurately understand how valuable they are to the business.
Throughout this guide, we will cover all the major factors that employers consider when determining your worth, as well as looking at why keeping these points in mind is important for a healthy career and work-life balance.
Initially, we will look at exactly what employers are judging your worth on. Many of these factors are very difficult to quantify, making them hard to improve if you want to increase your worth. Despite this, it’s still invaluable to have an idea of what your employer is looking for.
Productivity and Value for Money
The most obvious aspect of an employee that remains at the forefront of any employer’s mind is productivity. Efficiency, ability and productivity in comparison to salary being paid, plays a big part in determining how valuable you are to your organisation.
Most companies use dedicated systems like pay reviews and surveys to calculate the average wage based on your role, but the truth is, not every position that shares a job title is the same. This is why employers will use both pay reviews and their own observations when determining worth – they will ask line managers or observe you directly to see how much you can get done and whether your work is of quality. Push yourself to do the best work possible and you’ll immediately improve your worth at the company.
This is a regularly forgotten point that employers are forced to keep in mind when observing their employees. The workplace is a delicate eco-system that can be easily disrupted by one bad employee, so your impact on the team and those around you is also being observed most of the time.
Emotional impact refers to how you make your co-workers feel whilst they are at the office. Do you have a habit of being pessimistic, or are you always brightening up the atmosphere? Can you be harsh with your criticism sometimes, or are you constructive? Even if you do an incredible job and are exceptionally productive, your value will be reduced if you have a negative impact on the team around you. Even if you aren’t necessarily the most positive individual, try to keep the negative comments to a minimum so that your value isn’t affected.
Resourcefulness, Decision Making and Responsibility
Each of these points come under ‘taking the initiative’ and play a big part in every employer’s worth calculating system. Being able to take charge of yourself, make informed decisions and be responsible for what happens next is invaluable for any employer.
The less time that managers have to spend micro-managing you, the more time they can spend doing higher-level strategy work that has greater value to the organisation. All of these details culminate in increased trust between you and your employer as they realise that you can not only handle yourself, but you can do it well, too.
Seek out opportunities to show that you know what your dong and don’t need continual direction to achieve more.
Enthusiasm, Motivation and Loyalty
This is linked to the emotional impact of an employee and is essential when employers consider employee worth. The best and most valuable employees don’t just push themselves to achieve more and stay motivated, they encourage this in their colleagues too. Showing that you are both motivated and enthusiastic about what you do and about the company vision is a sure-fire way of boosting your worth.
Similarly, by staying motivated and enthusiastic about the company’s mission you are demonstrating loyalty to the organisation. Employees who see value in what they do are more likely to put aside their personal agendas and put the company first. Employers know this and value those who care about their work and about the company.
Finally, we have adaptability, a soft skill that is easily one of the most valuable. Adaptability shows your employer that you are not a one-trick pony. The knowledge that, if necessary, you can be moved to a different team in a different role and achieve makes you infinitely more valuable to any organisation.
To demonstrate that you are adaptable and capable, seek out situations where you can learn new skills quickly. Being able to pick up new talents quickly is a defining characteristic of adaptable employees and both line managers and employers will be looking out for this.
Why Does This Matter?
Understanding how you are valued by your employer is essential because of its impact on both your work and personal life. Ultimately, we all seek happiness and being valuable to your employer is one method of helping you reach that personal goal.
One of the most important and impactful benefits of knowing that your employer values you is how it boosts your self-worth. Everyone, no matter their age, experience or position wants to know that they are good at something. Being talented in a role and having that validated by your employer helps give you purpose, driving you to achieve even more and perfect your skillset.
Ultimately, being good at what you do makes you feel better about yourself. It’s that simple.
From a more workplace-centric perspective, being good at what you do and being valued by your employer is a brilliant way of receiving recognition through rewards. Most businesses have some form of employee reward scheme designed to incentivise staff and encourage them to achieve more. If you are seen in a positive light by your employer and consistently exceed expectations, you are much more likely to be picked out to receive a reward which doesn’t just benefit you materially, but emotionally too. Every employee wants to feel recognised for what they do because it makes you happy.
Without a doubt, salary is the biggest driving factor for employees to work harder. It’s normal to want increased pay for the work that you do and the first step in achieving a pay rise is to ensure that your employer knows your value. By perfecting your work, productivity and behaviour, you will have significantly more leverage when you present your employer with the all-important question of a pay rise.
These three points are just the most common advantages. There is a vast range of different reasons that you would want to increase your value with your employer, often varying from workplace to workplace.
Utilising this short guide, you should have a much better idea of what employers look for when gauging the worth of an employee. Armed with this knowledge, it will be much easier for you to not only impact your position in the workplace, but improve your personal and work life in all senses.