The ROI Principle for Value Statements
When you're working for a company, it's crucial to understand and articulate the value of your work. This concept is summed up by what I call the 'Return on Investment (ROI) Principle': **“If you are being paid by a company to do work, you should be able to describe why that work is worth the pay.”** Your work is valuable. If you can pinpoint **why** it’s impactful, you can likely quantify it. Here’s how you can measure the value you bring to your job, with relatable examples to illustrate each point: 1. **Rupees Saved**: If you find a more cost-effective supplier for materials, you save the company money. 2. **Hours Reduced**: Automating a manual process can save your team countless hours each month. 3. **Work-flow Tasks Reduced**: Simplifying a complex workflow can reduce the number of steps and make the process more efficient. 4. **Processes or Controls Improved**: Implementing new quality control measures can reduce defects in production. 5. **Schedule Progress Made...