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Re:By The Time You Give Them a Raise, They’re Already Out Th... by candybar on Monday February 17, 2014 @11:56PM (#7256461)
Most employees don't directly contribute to revenue and are largely replaceable. Assuming their position cannot be eliminated, that is, the decision to have that position in the first place is reasonable, they are worth approximately what their replacements would cost in salary and training. Thinking of your worth as being largely determined by what another company might pay for you (or a similar employee) is generally reasonable, unless you're directly responsible for some portion of the revenue in ways that are not replaceable, which is true of very few people.
Re:By The Time You Give Them a Raise, They’re Already Out Th... by rahimnathwani on Tuesday February 18, 2014 @03:18AM (#7256998)
If you're trying to estimate your worth to your current employer, you may be better off estimating how much they would pay for a replacement (and how urgent the search would be) if you were to leave.

The value to another company, whilst interesting to see if you're at the right place, doesn't necessarily help figure out your negotiation position if you'd prefer not to move.