By giving your employer time for free, you are handing over cash. Think of it in the context of having a second paying job waiting for you but you call off the second job to work additional hours on the first one for free. I know some of ya’ll love your jobs, but this?
The average worker donates $9,471 in unpaid overtime to their employers each year, which adds up to $109.8 billion across the workforce, according to a recent study by The Australia Institute.
This donated contribution from all Australians adds up to 1.13 million hours or $2.1 billion a week. That’s almost $110 billion a year. Know your value, walk out that door on time if you’re not going to get paid for your time..
There are times when working for no direct compensation is beneficial to us. For instance:
- If you’re learning a new skill that will eventually lead to a higher paid position.
- If the person you’re working the “free time” for is empowered to promote you to a higher position.
- It gives you the opportunity to showcase skills your normal position does not require.
- You are reinforcing your image as team player that will be rewarded in future bonuses.
Those are four general reasons I would donate my own time to a company. Different people will surely have different reasons for working additional time without compensation, and that’s okay-so long as they aren’t allowing the employer to take advantage of them.
Most importantly, know your value, walk out that door on time if you’re not going to get anything at all for your time..