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How Much Is Your Time Worth? (lemmy.ml)

submitted 4 months ago by wuphysics87@lemmy.ml to c/asklemmy@lemmy.ml

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I spend a lot of time fixing things, for myself and others. (Computers, electrical, plumbing, etc). While I learn a lot, I wonder sometimes if it would be better to pay a professional and do something else for which I am more 'valuable'. Do you do the same, and do you find it worthwhile?

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[–] bane_killgrind@slrpnk.net 4 points 4 months ago (2 children)

$100 per hour.

The company I work for makes roughly 10m in revenue.

There are 2000 work hours in a year.

There are 50ish total employees.

So 10m÷2k÷50=100.

[–] Tangent5280@lemmy.world 4 points 4 months ago (1 children)

I dont know if everyone at the company contributes equally to revenue. For example, if you are an engineer or in design work or QA, I assume you contribute much more than middle management or supervisors.

[–] bane_killgrind@slrpnk.net 2 points 4 months ago

I don't think it would be much of a company without the admin spending time hiring, or invoices being sent, or various other non billable things being done.

The installation technicians would have a hell of a time getting work done without the project managers doing all the preplanning.

There's no middle management, I'm supervising one colleague and basically make sure he has an appropriate workload that he can complete efficiently and competently.

[–] AstridWipenaugh@lemmy.world 2 points 4 months ago (1 children)

It's not that simple, at all. Who pays the office rent? The insurance premiums? The corporate taxes? Buying equipment? Paying for time off? Etc.

[–] bane_killgrind@slrpnk.net 1 points 4 months ago

I didn't say there aren't costs. I need a car and food and have expenses as well.

The question was what is my time valued at.