Saturday, September 26, 2009

The Rules of 3 bucks : Story of Master Mary

I have a friend whom I called "Cikgu Mary", because of a joke he told me about a lady name Mary and a smart rich guy who used to date Mary. I dont think I want to share the story of Mary as it was just meant for fun and 18sx in nature. But Cikgu Mary has a point, he always has some thing to ponder about.

My friend Master Mary told me a theory about some people or groups that lack motivation to work and perform lower than what they should. He calls it " Because of 3 bucks salary.." or the Rules of 3 bucks.

It goes like this ...according to Master Mary, some people in the non-profit organization apply this theory to their working nature. Let's say that the salary of the month is 10 bucks, but in actual fact they will only perform the job of the 3 bucks value and save the 7 bucks for big event ( i dont know what kind of event is that). Why ? According to Master Mary, those who think they already have a secured job hold the principle of "there is always a work for me tomorrow" and no matter hard I work, my salary remains at 10 bucks. So why bother working harder. I will always get the 10 bucks at the end of the day. That is why when you have to make a deal with them, you have to top up another 7 bucks to catch up with the work standard that you expect them to do. I'm not talking about bribery or kickbacks but more on doing extra follow up, extra homework and some sorts of efforts that they themselves should have done it.

On the other hand, those who work with the Private sector is generally underpaid with the effort that they need to put it. The same theory applies, let say your pay is 10 bucks, but your boss will squeeze you for at least 50 bucks work value. Logically it should be that way. Private company is a profit organization. They must make money, if you as a workers just perform a 10 bucks job, then the company just break-even and may be forced to close down. So the extra 40 bucks is for the overhead, stakeholders margin, taxes and all sort of expenses before they give you the actual amount of salary, bonuses and probably some stock exchange or stock participation program. Make sense now?

And lastly, if you are running your own business or Business owner, than at the early stage you must work for the value of at least 70 bucks, slightly higher than working for private sector. Why ? Because you need extra money to roll onto new business opportunities plus the expenses you need to bare. So a word of advise from Master Mary, be prepared to work longer hours in the early stage of business ventures in order to succeed. And he really does.

This is only a myth of the non profit organization , but today one can see a drastic changes in the level of service in that sector. No doubt that some of them performs much better than those in private or business owner. Why ? It's actually more towards the individual motivation and sense of responsibility. Having a secured job doesnt mean you have reached the perfect life. In fact, no job is secured in todays dynamic world. Anything can happen and one should better be prepared for the worse.

So Master Mary's story make sense huh ??? Think and think about it...

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