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[…] Grunt Glossary (please let me know if I should add other terms) […]

[…] the book Slicing Pie I refer to the base value as a theoretical value. This highlights the fact that the value is not real, it’s theoretical. To further avoid […]

I’ve come to this page to look for the correct term for what we’ve been calling ‘grunt bucks’ is, i.e. what units the product of GHRR × hours should be expressed in. My copy of the book’s on loan right now, so I can’t check to see if there even is a word. I just want to know what to put at the top of our spreadsheet. ‘Pie segments’? ‘Crumbs’? ‘Grunt Output’? ‘Gruntput’?

Hi Mik,

In the book Slicing Pie I use the term “Theoretical Value” which would be expressed in your local currency. So, the Theoretical Value of $1.00 cash would be $4.00 after applying the cash multiplier.

In the book Fair & Square I use the term “Slices” which would be expressed as a “Slice”. So, $1.00 cash would convert to 4 slices.

In the Pie Slicer software and in my seminars I use the word slice because it underscores the fact that value is unknowable and the model is relying on risk, not actual value. I think it’s easier to understand.

-Mike

No offense, but I really think the terminology here is misleading. Theoretical value should be exactly that … the expected value to the company which will be greater depending on who is doing it (an unknown promoting something vs. an influencer have 2 different theoretical values for the same task). You’re saying the theoretical value is the same for both, and then you add a multiplier. It’s just terminology … but it’s confusing. Why don’t you keep money out of the terminology and just call it hours, which translates in to different sized slices based on a multiplier?

Okay, I get it now.

Hi Mik,

I’ve updated the Grunt Glossary!

-Mike

Awesome, Mike! Cheers for that, and for the explanation. ☺

–Mik

Hi Mike. I signed up, but noticed South African (ZAR) currency is not available. How do I deal with that?

I’ll ask the developers to add it!

Added!

Hi Mike! What is GHRR?

the theoretical value of one person’s time relative to another person’s time. It is not an actual value, it is used to calculate an individual’s percent of the pie. May be expressed as a “Theoretical Value” (see below) or a the preferred term “Slice”