Sharing Daily Discoveries About Personal Finance And Business Topics

The Compensation Entitlement Belief From New Job Seekers

I’ve recently been reading a lot of articles and comments online from students graduating from some kind of program only to then complain that when they get out into the real world they can’t seem to find a job in their respective field or that if they do happen to find one it would be for a wage that is extremely below their expectation. Basically, in their minds there is no good employer and the whole world can’t seem to pay them fairly for their talents. I see these kinds of comment more often from people looking for jobs in a creative type of field.

One of the more outlandish comments that I read was how someone mentioned that he spent over $45,000 in his school education and for an employer to be offering him only $15/hour is ridiculous as he can’t even pay off his school debt. Am I the only one who thinks that is a bit absurd? I can understand if one justifies their worth to an employer by demonstrating their skills and accomplishments, but to imply that because you spent $45,000 in your education that it gives you some kind of ticket to automatically be worth a certain amount is ludicrous in my opinion.

While it may be hard for many to swallow, I personally believe that while obviously money plays a factor in deciding to take a job, it should come down to having the passion to do it regardless as well. If you truly love what you are doing, naturally you will always try your best and produce the best results which in turn will make others want to compensate you very generously as they would want to reward you for doing great work and you’ll have others fighting over you.

Another key thing that I think many people overlook in terms of questioning why someone would pay them less than what they think they are worth or overlook them entirely despite having a great portfolio and education is one’s attitude. I once heard a person say that when he was interviewing people, he could care less about one’s fancy education or background as if he felt he couldn’t work with you then you wouldn’t be worth a cent to him. Unless you truly offer something unique that no one else in the world can do for sure to justify your demands for a certain amount, in most cases the competition is very fierce.

This has often been very true for certain business owners as well from what I have seen. Often the people who start a business just for money with absolutely no real passion for what they do seem to have this get rich quickly mentality and complain endlessly on how annoying or stressful it is to run the business. They then constantly complain how the market is dying, people are crazy not to pay them their rates as they provide such a great service and so fourth. Similar to the above, I think too many times people overlook how one’s perceived attitude in their profession can actually play a big role in determining their worth.

For people in an artistic field, I was actually told once that one of your main focus in the beginning should be to try and build up your contacts and to do this it means you need to get experience. You need to throw out that mentality that there is this industry standard that people must pay everyone in your field as more often than enough that guy that you worked with in a small project will come to you again with even bigger things. Similarly, if there is a company that you feel really has the potential to grow and that you can be a big part of its growth, it can also mean as they grow bigger so will your pay. Even in both of these examples, it’s about having passion for what you do.

Of course you need to watch out as well as there are people who simply just try to get the most out of others for very little in return. But for the most part I think if people focus more in doing what they love and continually do an awesome job at it that it will naturally get you the offers that will meet your financial expectations.

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