February 13, 2006
Titles are Worthless
Most people think they’re under paid – but that’s just not the case. At least according to a survey by salary.com reported by the Wall Street Journal. The Journal says:
“More than 80% of workers who feel they’re underpaid actually are not, according to a new survey of 13,592 people released by Salary.com. Instead, they are either overpaid, fairly paid or holding job titles that don’t match the work they do. “Many people think the job title is the be-all, end-all of what defines a job’s value,” says Bill Coleman, an executive at Salary.com. “Titles are essentially worthless.” To get a sense of how much you should be paid, he recommends collecting salary data from a variety of sources, including salary surveys, co-workers and industry associations.”
This goes back to our conversation about The Individual Economy. In the future the value you bring to your company and your customers will dictate compensation. A title is worthless if the compensation does not match it.
Filed under: Personal Marketing
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