Keeping A Pulse On Market Conditions

Salesforce Professionals – if money (aka your salary) is your major motivational factor, are you keeping a pulse on if your salary is in line with market conditions?

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Sometimes, I think we get so caught up in the day to day we may lose sight of what I call “opportunity cost”.

The loss of potential gain when one choice is taken versus another. 

In other words, if I’m being paid $10 today and the market conditions are saying that I should be paid $12, I’m leaving $2 in lost opportunity dollars per day for someone else (your employer to keep, your colleague to have, another company who is willing to pay it, etc.).  All other things remaining equal.

Days compound to weeks, weeks compound to months, and before you know it, a years worth of opportunity cost dollars really add up.

I’m not suggesting greed, I’m suggesting fair. 

And I realize there’s much more that goes into your career than money and other ways to weigh your job satisfaction. 

In summary, it is your responsibility to reduce your opportunity cost as much as you can and to take an occasional evaluation.

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