From The Vault: The ROI of You
Everything is an investment. Time is an investment. Education is, too. How important are the returns we receive on the investments we make? This isn’t about the ROI of money. This is the ROI of YOU.
ROI of You
It is said that we get out of anything what we first put into it. Assuming this to be true, the more we put into something the more we get in return while the reverse would then be true for the absence of effort. We focus – benchmark – business results and declare an action, decision, choice, etc. as a success or failure based on the return. In business, we consider those choices, actions, decisions, etc. to be part of an investment. What about you? What about your investment? What about the ROI of YOU?
What is ROI for a Business?
ROI is, according to the ROI entry on Wikipedia:
In business, the purpose of the “return on investment” (ROI) metric is to measure, per period, rates of return on money invested in an economic entity in order to decide whether or not to undertake an investment. It is also used as indicator to compare different project investments within a project portfolio. The project with best ROI is prioritized.
For a single-period review, divide the return (net profit) by the resources that were committed (investment):
return on investment (%) = (Net profit / Investment) × 100
What is the ROI of You?
How much time do we dedicate to ensure continuous personal and professional growth and development? Do we focus our energies on others and do so at a cost to ourselves? Do we give 150% to our jobs when that additional 50% might be best spent making sure we are the best we can be?
To discover the ROI of YOU, we will use the definition provided by Wikipedia but change it and direct the focus away from the business and point to the employee. NOTE: This will impact the ROI for a business and I’ll explain how.
In professional growth and development (PG&D), the purpose of ROI is to measure, per period, the return on investments made in regards to you. Investments can be, but not limited to, the following:
ROI of You Formula
PG&D INVESTMENTS X TIME + CONSISTENCY = A BETTER YOU
The Impact of the ROI of You
I asked if we give 150% to our jobs when 100% might be best spent on ourselves. I hesitated and almost didn’t include this question in the post but it had to be included. Why hesitate? Perhaps I didn’t want it to appear that I encouraged employees to do their best. Yet, when you look at the question and remove the additional 50%, what number remains?
I’m suggesting be the best you can be at your job – regardless of what it might be. I’m also suggesting taking the extra and invest that 50% in your most valuable asset – YOU. One may decide to further his/her education while another might decide to take time to spend with family/friends. How the person chooses to invest is irrelevant but what is important are the returns for each individual.
I stated above that the ROI of YOU would impact Business ROI. Have you realized how this is possible? If not, here are two example employees:
Employee One gives 150% day-in/day-out. This employee goes above and beyond and never wants to disappoint the authority. This employee never asks for anything such as additional training that the company might have paid. He/she didn’t want to be a perceived burden. He/she is the go-to for when something needs to be done. Over time, this employee becomes a cog in the wheel. The 150% begins to decline.
Employee Two gives 100% day-in/day-out. The employee does his/her job to the best of his/her ability and realizes that he/she is human – just as the authority. This employee asks for what is appropriate and is the go-to for when something needs to be done. If the company doesn’t allow for the request, the employee finds alternate means to receive the training. Over time, the employee continues to grow and brings a higher return for the company.
One and Two are basically the same other than a minor shift in thinking by the employee. Two chose to invest in the YOU.
Perhaps there is a lesson to be learned for both employees and businesses?
For employees: invest in yourself.
For business: invest in your employees.