What's An Hour Worth?

Bet you’ve never figured out what you actually get paid per hour.  Here’s the formula.

 

Yearly salary divided by 50 (weeks) divided by 40 (hours per week) = what you earn per hour.

 

Why is this an important number for you to know?  If you are pricing your freelance services, you’ll want to know the “hourly rate” you are making from your employer – or former employer.  Remember that all your benefits are on top of your salary figure and that your employer also has been withholding taxes and perhaps other monies for savings, etc.

 

If you are doing things other than job hunting – mowing your own lawn, cleaning your own house – you’ll want to decide if you should continue to do them or hire them out.  Rule of Thumb:  Never do anything yourself that you could have someone else do for less than your hourly rate.

 

Job hunters fritter away their time doing many things besides job hunting.  Put your focus on finding a job and do only those things that you only can do – networking, calling and meeting with prospects.

 

Make a schedule each week. Yes, fill in the blocks on your calendar. Make appointments with yourself and keep them.  Write in activities and meetings just as you would if you were “at work.”  “Meet with Jim.” “Revise resume.”  “Fill out application form.” Explore association website and job bank.” You are at work – sometimes the hardest work of your life.   Even though you may be tempted to try to save money by painting the house or mowing the lawn, putting all your efforts into your job hunt will pay off in the end.

Comments

[chikky]

You are both out of touch with the real world and reality. It is a jungle out here to find a job. It is definitely who you know not what you know out here.

[chikky]

You are both out of touch with the real world and reality. It is a jungle out here to find a job. It is definitely who you know not what you know out here.

[Todd Waymon]

Chikky: It IS a jungle out there. That's why you need to take charge of your own career. Learn our 5 strategies. Get the FireProof Your Career ToolKit, sleep with it.