How To Evaluate Your Market Value

Table of contents:

How To Evaluate Your Market Value
How To Evaluate Your Market Value

Video: How To Evaluate Your Market Value

Video: How To Evaluate Your Market Value
Video: Where Do I Rank? | Estimating Your Real Market Value 2024, December
Anonim

The labor market is a complex system of sellers, buyers, competitors, intermediaries and substitutes for services. Automated systems and robots act as substitutes for human labor. The market value of an individual is equal to the amount of money that is willing to pay him at a given time for the results of his labor.

Start by collecting data
Start by collecting data

Instructions

Step 1

Monitor available sources of information. Your task is to find out how much the specialists of your qualifications are paid in different organizations, cities, countries, and other industries. Do not set yourself any boundaries. The whole world is in front of you, you can take any place. Use data from newspapers, magazines, websites, TV programs as sources of information. Dive deeper into the matter, as if you are figuring it out not for yourself, but for your boss. Just gather information without filtering out any options, even the most fantastic ones.

Step 2

Determine the upper bound on your market value. Some people tend to lower their level. Don't look down, aim for the highest position. Your assessment of your market value is very subjective, depending on the degree of self-confidence. Have a clear upper bound on where you get paid the most. Rest assured, this is your market value. If you are not sure about this and it seems that your level is weak, write down the upper limit anyway. Discard the rest.

Step 3

Find out what features are possessed by professionals like you, claiming the upper bar of remuneration. Now remember what you are missing. Make a detailed list. There may be psychological moments associated with self-perception. You can even write down the appearance, the presence or absence of the necessary clothes and status items.

Step 4

Learn how to quickly reach the top level. The key word is fast. If in a short time you can strengthen your position on your own or under the guidance of a consultant, your potential market value is just at the top mark.

Step 5

Draw conclusions about your market value. Be aware of the subjectivity in the assessment. Psychological factors are of great importance. If you have followed step 4 in good faith, it will not be difficult for you to translate potential market value into real value. Once you convince yourself, future employers will also believe you. This means that your market value is really high.

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