How much is that by the minute?
(*) Divide your yearly salary by 120,000 to get your per-minute wage.
I tried it and it works! Go figure…
This had my mind reeling in possibilities. How cool would it be to negotiate a salary or extend an offer letter describing the compensation on a “per minute” basis? I imagine that this would greatly communicate to the candidate how valuable they are to your company. I mean, what other companies are pitching to a candidate per minute market value. Probably no one. I can hear the closing argument now.
RECRUITER: We are really impressed with your background Ms. Candidate and would like to extend to you an offer of $1.00 per minute.
CANDIDATE: Thank you. Ummm… Did I hear you correctly? $1.00 per minute?
RECRUITER: Yes, $1.00 per minute. You see, we believe in your ability so strongly that we have gone through the trouble of calculating the value you bring to our organization by the minute. (This works out to $120,000.00 annually.)
At this moment, if the candidate is not impressed by the salary, surely they are impressed by the presentation. What this communicates to the candidate is that this company is an innovator and not content in doing “more of the same,” or “we do that too, but better mentality other organizations have. Just a thought…
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Posted for GB (who was having tech issues today)
Oh, I like that! In fact, to take it a step further… Imagine the motivation it could provide workers if next to their workspace was a hollow lucite pole, if you will - And, every so often, coins would drop down representing their accumulated salary for the time spent working … and “grow” like in a piggy bank! I suppose it would create some resentment tho, if a worker noticed that her neighbor’s pole was fuller than hers, thereby realizing that his salary was unfairly higher than hers!