RE: Question about worth (was eLance)

[John Posada <jposada01 -at- yahoo -dot- com>]

....
> >How is "worth" determined?
> 
> 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?_"

How DO you come up with that number? 

- As little as you can get away with?
- $5 more than the last one who was incompetent?
- $5 less that what your first choice hire is asking? (the priceline
model)
- What management or HR tells you that you can pay?
- X amount in budget divided by 2,000 (the number of hours in a year,
40X50), divided by head count? 
- Dart board?

=====
John Posada, Senior Technical Writer
"I am a bomb disposal expert. If you see me running, try to keep up."
mailto:john -at- tdandw -dot- com, 732-259-2874

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