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Talent Management Best Practice 3 – Know the Organizational Value of Each Employee

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Identify the value contribution of your employeesIt’s become cliché to say employees are an organization’s most valuable assets.

Do you really know the organizational contribution value of each individual working for you?

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Knowing Your Value

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Knowing Your Value Women, Money, and Getting What You’re Worth
by Mika Brzezinski

About the Reference

Knowing Your Value by Mika Brzezinski is a self confession and personal growth story about how a now prominent MSNBC morning show host discovered, demanded, and won compensation more inline with that of her peers. The story is complimented by the personal value stories and insights of over a dozen other leaders.

Why You Should Not Buy This Book

StrategyDriven Contributors dislike Knowing Your Value for several reasons. First, the book lacks sufficient method for actually determining your personal worth to an organization. Its premise is that an individual’s value contribution should be based on the compensation of others in similar positions. The shortfall with this argument is that each unique individual contributes differently to the organization and so offers his/her own value proposition. Additionally, there is an underlying assumption that the comparison employees have accurately identified and won their value – a premise that is often not true. Second, the book maintains a foundational assumption that the author was treated differently because she is a woman. While this may or may not be true, the comparison employees identified were noted as contributing significantly greater intellectual and creative works to their organization; suggesting that they were rightfully compensated more. Brzezinski discounts the fact that men, minorities, and other classes of people may also be undervalued, for the reasons she presents, and that everyone should methodically seek to identify and demand their value from employers.

For its shortfalls in revealing how to calculate one’s personal value contribution and its faulted underlying logic and assumptions, StrategyDriven Contributors recommend that our readers not purchase or invest time reading Knowing Your Value.

Alternative Recommendation

StrategyDriven Contributors believe it is highly important for an individual to know his/her value and to aggressively seek it. Identifying one’s worth is not a matter of simple comparison with others or a fight against perceived discrimination but rather a deliberate methodological evaluation of the value contribution of the individual to the organization followed by the positive assertion of that value to those who can correct any imbalance. Such a methodology is presented by Larry Myler, Chief Executive Officer of By Monday, in his book, Indispensable By Monday: Learn the Profit-Producing Behaviors that will Help Your Company and Yourself.

Click here to read a review of Indispensable By Monday and listen to our StrategyDriven Podcast interview with Larry Myler on determining your organizational value.

StrategyDriven Podcast Special Edition 33 – An Interview with Larry Myler, author of Indispensable By Monday

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StrategyDriven Podcasts focus on the tools and techniques executives and managers can use to improve their organization’s alignment and accountability to ultimately achieve superior results. These podcasts elaborate on the best practice and warning flag articles on the StrategyDriven website.

Special Edition 33 – An Interview with Larry Myler, author of Indispensable By Monday explores how to increase one’s personal profit-production, thereby enhancing the organization’s bottom-line and one’s overall business value. During our discussion, Larry Myler, author of Indispensable By Monday: Learn the Profit-Producing Behaviors that will Help Your Company and Yourself and Chief Executive Officer of By Monday, shares with us his insights and illustrative examples regarding:

  • the several key employee attributes that make them more valuable to their organization, more likely to be promoted, and more likely to be retained during a corporate downsizing
  • how to calculate one’s value to the organization – regardless of position or function
  • creating value in areas not under one’s direct control
  • communicating one’s profit contribution during an annual performance evaluation
  • why it is important for employees to be able to read their company’s financial statements and what information they should be able to glean from these documents

Additional Information

In addition to the invaluable insights Larry shares in Indispensable By Monday and this special edition podcast are the resources accessible from his website, www.ByMonday.com.   Larry’s book, Indispensable By Monday, can be purchased by clicking here.

STRATEGYDRIVEN BONUS

As a special bonus, Larry Myler has made Part 1 of Indispensable By Monday available for free to all StrategyDriven listeners and readers. Through this excerpt, you’ll learn:

  • what being indespensible looks like
  • what your boss wants you to do
  • how to capture your contributions
  • and much, much more!

Click here to download your copy of Indispensable By Monday‘s Part 1: Help Your Company, Help Yourself.

Final Request…

The strength of our community grows with the additional insights brought by our expanding member base. Please consider rating us on iTunes by clicking here. Rating the StrategyDriven Podcast and providing your comments online improves our ranking and helps us attract new listeners which, in turn, helps us grow our community.

Thank you again for listening to the StrategyDriven Podcast!

About the Author

Larry Myler, author of Indispensable By Monday, is Chief Executive Officer of By Monday, a consulting firm specializing in profit enhancement through employee engagement. Over the course of his thirty year career, Larry has helped others improve their businesses through consulting and training for leadership teams and employees in the areas of interpersonal communication, profit enhancement, organizational efficiency, survey research, and more. His past clients include AT&T, Shell Oil, Lockheed Martin, and Ford Motor Company. To read Larry’s complete biography, click here.

Podcast: Play in new window | Download (Duration: 38:22 — 52.7MB)

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Pull Money Out of Thin Air: Print Money at Work by Doing Your Own Job Better

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If you’re feeling daunted by the idea of creating proposals to increase profits and of seeking others’ approval, then this article is for you. You can contribute financially to your company simply by regulating yourself. By improving your own job performance – that is, the quantity or quality of your work—you add value to your company.

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About the Author

Larry Myler is CEO of By Monday, Inc., a consulting firm specializing in profit enhancement through employee engagement. Previously, Larry was president of VitalSmarts, serving from 1992-2001. Larry is a serial entrepreneur with six startups under his belt. Over the course of his thirty-year career, he has helped others improve their businesses by consulting and training for leadership teams and employees in the areas of interpersonal communication, profit enhancement, organizational efficiency, survey research, and more. Past clients include companies such as AT&T, Shell Oil, Lockheed Martin, and Ford Motor Company.

This column is excerpted from Larry Myler’s best-selling book, Indispensable By Monday: Learn the Profit-Producing Behaviors that will Help Your Company and Yourself, available from Amazon.com and bookstores nationwide. Readers can find Larry Myler’s free online tool, the Profit Proposal Generator, at www.bymonday.com.