tiistai 3. tammikuuta 2023

Work, relative vs the absolute benefit

Hello and happy new year to everyone! 

In the next few months I will put some more material to this blog. It is mostly the material before in Finnish.

It is all about the ratio of effort put to the work and the benefit obtained from it. The benefit is most commonly measured in money. Consider other things, such as meaningfulness. It is difficult to measure because it is individual. In most cases, you will reap the greatest benefit by employing yourself. When working for others, most of your time is spent producing the greatest benefit for some intermediary or to the owners. You have to produce more than your employer pays in wages and side costs of employment. If this is not the case, you must at least convince your employer of your contribution.

A small number of employees produce the greatest benefit. Make yourself invaluable if you want to keep your job in an uncertain economic situation. It might be hard for you to understand it. It could result in losing your job. Employers can also choose the wrong employees to leave. Don't be lulled into your own irreplaceability. Your excellence may be a concept that others do not recognize.

One way to improve the relative benefit is to reduce the time spent on work through working remotely. It improves your relative income through two mechanisms. The first is the reduction of time spent commuting. The second is an opportunity to increase efficiency. The longer the commute takes and the more it costs, the more the relative income rises. Travel expenses often don't matter much because you can deduct them on taxes. Employers rarely compensate for the time you lose commuting, so reducing it is an essential part of the benefits of remote work.

Increasing remote work is a good opportunity for knowledge workers. They can often do their work without arriving at the workplace. Some employers take advantage of this opportunity. Remote work is often a matter of negotiation. Getting an agreement from an employer may require a trial period. Use it effectively, because employers may not believe in its benefits. Practice doing remote work many times before the test time so that you can produce good results. Also, remember to tell your boss that he can end the probationary period at any time if he wants to. Make sure that you can minimize reasons for your boss to refuse a probationary period.

Don't leave room for failure, because you may have to wait a long time for the second test period. You are in a better negotiating position well after the results, when you start discussing the continuation of remote work. Carry out your remote work without interruption. Manage the necessary things efficiently. Your employer must benefit from remote work more than your normal job.

The benefits of remote work in terms of productivity are best seen as the opportunity to focus on the most important tasks without interruptions. They can produce a mandatory refocusing in tasks that require precision, which can last as long as 45 minutes. This is due to the reprogramming of your brain, which does not happen immediately. The duration depends on the difficulty and differences of the tasks and the quality of the interruption. Find a place where there will be no interruptions. For the majority, working at home is not the best idea.

Focus on the most important tasks when working remotely. According to some studies, unnecessary interruptions can take up to a quarter of the working day. Eliminating interruptions can cut up to two hours from your work day. Find yourself a place where there will be no interruptions. This is not a home for most people because there are self-inflicted distractions.

Another mechanism that improves the efficiency of remote work is the ability to choose one's work tasks, doing them at the best possible time. You can eliminate unnecessary work when you decide for yourself. You can more easily avoid pointless meetings when working remotely. When you work remotely, you don't have to focus on less useful tasks that others offer when you're at your most efficient. This is especially true for those who take orders from others.

The third mechanism is that you can choose how and where you do your work. Many workplaces have established ways that have been used for ages, even though they are ineffective. Not all working methods are suitable for everyone. In remote work, you get to choose your own way of working. It doesn't matter where you do your work. You too have your own place where your work goes best. Try many places and draw your own conclusions.

The biggest disadvantage of telecommuting can be greater responsibility. It might not be right for you. Working remotely requires more from yourself. Not everyone is able to take responsibility for their work for long periods of time. In addition, telecommuting can reduce the influence of external factors, which is beneficial in creative fields. On the other hand, the free time increased by remote work improves the opportunities to seek them elsewhere.

For an entrepreneur, the relative benefit is a different matter, because he pays the same amount of his profits in proportion as the profits increase. The entrepreneur also has to take into account the cost of the employees. Everyone should generate more income than they consume the company's resources. In Finland, the amount of money is about twice the salary. The threshold for hiring is higher than in many other countries.

Although the majority of employees should produce added value compared to their costs, this is not the case. A small number of employees produce the greatest added value. Make sure your employer knows the added value you bring. Don't expect fame and glory. Make sure others see your value. As an entrepreneur, you have to think about whether the customers bring more income than what they waste your resources. According to the principle of less is more, a small number of customers generate the biggest profits and losses. This also applies to individual products and services. For example, Apple's iPhones generate more than half of the turnover and an even larger part of the profits.

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