Sunday, May 2, 2010

Cost of salary

Everyone wants higher salary, doesn't it? Why? Because we think we deliver more value to justify that, right?

Now, plenty of us tends to forget several other costs of working. We always think about Profit = Revenue - Cost, aka Savings = Salary - Time spent.

However, what has always been forgotten are costs such as:
- Family life
- Social life
- Rest time
- Ethics
- Integrity
- Honesty
- Morality

Those costs are intangible yet important as it provides the invisible support to allow one to work optimally. However, plenty of times we and our employers do not value them. It is pretty much a driven world, world driven by money. We have seen recently how those many costs are blowing up. Consider the financial crisis fuelled by irresponsible acts. But wait, who says it is irresponsible? It is the unfortunate. In a way, it is the lack of integrity, ethics and morality which has seem degraded our working life to just work, for money, money and money. Plenty of times other rewards, benefits and contribution from working life are not considered. A meaningful work should be those that help the world turns around and better other people. Consider the cleaner, the operator, the rubbish collecter, etc. We need all those but we rarely reward them just simply because they don't create the money. Wait, someone will say "the value". I am not exactly sure when we human started to equate value = money and only money.

Similarly, moral degradation affects lots of facets of our lives. See how lavish some senior management is rewarded. It is time that more realistic and moralistic based salary calculation is implemented. Only then perhaps working life is considered sacred and really for the betterment of society.

Wait, even then this argument may turn against me because I am also talking about money here. :-) Then again, those other values ("costs") need to be considered as well. Why are we paying irresponsible and ethically incorrect people higher than the honest folk?

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