The Law of Compesation

The law of compensation states that you will always be compensated for your efforts and for your contribution, whatever it is, however much or however little.In essence this means that if i am not happy with my current rewards (compensation) i can simply increase my service either by quantity or quality.

In essence this law correlates with the law of sowing and reaping, According to Bob Proctor "This Law clearly states the amount of money you earn will always be in exact ratio to…

    1.The need for what you do.

People who are paying you for products or services put a certain measurable value on your contribution. If there’s a great need for what you do, you are valued higher than if there’s not much of a need.

    2.Your ability to do it.

When you work in a field where there is a tremendous need, AND you become very good at addressing or filling that need, your compensation will increase. 

    3.The difficulty there will be in replacing you." 

If there are five equally qualified and motivated people waiting for you to quit your job so that they can do your job equally well, you have very low leverage in negotiating a good or better salary.

If you are not earning the amount of money you desire or getting the rewards you want, you must make reference to the list above in order to begin a chain reaction of change. 

The thing with laws is they apply anywhere at anytime, take the law of gravity for instance.. 

Let us use Rihanna as an example to the operations of this law ;

    1.Is there a need for what she does? 

     YES 

    2.Does she have the ability to do it? 

     YES 

  3.Is there any difficulty in replacing her? 

    ABSOLUTELY 100%

The vast majority of us are not underpaid because our careers (service, calling, purpose) are not neccesary/in high demand but because of our ability in doing our jobs and the difficulty in replacing us. Take Christiano Ronaldo for instance, he is one of the highest paid (compensated) sport's personalities of all time because of the need for what he, his ability to do it and difficulty in replacing him. 

You need to become ecxellent at what you do in order to earn a lot, realize that wherever there is a great need there is a lot of money to be made. If the intent is to improve output (income earned) you must be willing to improve yourself (skill, knowledge, articulation, presentation...). Your strategy must be centred around getting better at what you do in order to get the compensation you desire. This is why i study the great philosopher's, writers, and leaders ; my aim is to continually get better with time. I absorb their content, process it, understand it and finally share it with others with the hope of bringing some sort of revelation (enlightenment).

Study the world and you will realise that this is the one of the laws that govern how we live and relate with each other. 



Comments

Post a Comment

Popular posts from this blog

Imagine You Are A Success

Psychology says that we are controlled by what we think, believe or imagine more than any other factor. Our beliefs control everything we do, If we believed (or rather imagined) that wearing clothes was useless, we would all be walking around naked. It is very imperative that we understand that we control our lives through the type of thoughts we choose to hold in our minds. Take the person who jumps in front of a speeding car on the highway(commits suicide), in their mind their action is justified and probably seen as necessary hence it is carried out. Now that i have laid my foundation... In his book Psychocybernetics, Maxwell Maltz says "Realizing that our actions, feelings and behavior are the e result of our own images and beliefs gives us the lever that psychology has always needed for changing personality.Mental pictures offer us an opportunity to "practice" new traits and attitudes, which otherwise we could not do.  This is possible because again—your nervous sy...
Read more

The Unwritten Rules of Africa: Navigating a Complex Identity (Economics part 1)

The economic life of the African continent is shaped by a complex mix of historical events and current realities. To truly understand it, we must examine the deep-rooted challenges and psychological patterns that emerged from centuries of outside control and resource extraction. A History of Economic Struggle The rule of economic struggle is deeply rooted in a colonial history of dependency. Foreign powers didn't just come to trade; they methodically took apart existing African economies. They dismissed local practices as "outdated" and forced new systems upon the people. This historical redirection of resources created a fundamental weakness, turning the continent into a mere supplier of raw materials. All the infrastructure they built, like railways and ports, was primarily designed to transport these resources from inland to the coast for export. This framework created an economic gap and a dependency that has continued long after African nations gained their independe...
Read more

A Transformed Mind

Many of us are rigid in thought hence we are stagnant in life. The good news is that we have the ability to change our minds - our thought patterns (perceptions, beliefs..) One of my prayers these days is "God transform my mind". That is because i am well aware that if my mind is transformed, my life will be transformed. Our thoughts are often revealed in our actions. I am writing this right now because an idea came into my mind and i thought it was a great idea to express my revelation about my life in this manner. The action is preceded by thought. The word transformation is a compound word - transition & form or "formation". A transition takes time so it is imperative that we are patient and recognize that it will take time for our minds to be transformed. Transformation is a process often filled with pain and fear. That does not mean we must not persue change but bear in mind that it will be challenging.  Behaviors and/or habits lead to results but we often ...
Read more