RE: Question about worth (was eLance)

["Jane Carnall" <jane -dot- carnall -at- digitalbridges -dot- com>]

From: John Posada [mailto:jposada01 -at- yahoo -dot- com]
>How is "worth" determined?

Roy M. Jacobsen
>It's really quite simple: How much I'm willing to pay for something is
>how much it is worth to me. Some people may use complicated formulae
>involving opportunity cost, return on investment, overhead cost, etc.
>But it all boils down to "How much am I _willing to pay?_"

Well... it's just a thought, but if you look at a cost in terms of formulae
(complex or simple) you may come to the conclusion that although John costs
$55 an hour, he's worth it, because his credentials are so good that he'll
get the job done with no expensive timewasting.

But from John's story, the hiring manager wasn't willing to pay anyone as
much as s/he/it's getting. (I recall a similiar story from another company,
when I overheard the hiring manager say indignantly "She asked for £19K a
year! I don't make that!" at a time when that was a high but reasonable rate
for a good technical writer - anywhere in Edinburgh outside the company I
was working for.)

My tuppence ha'pennorth...

Jane Carnall
Technical Writer, Digital Bridges, Scotland
Unless stated otherwise, these opinions are mine, and mine alone.






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