Many of my friends/colleagues have discussed with me in past about a new offer that they are getting and if they should take that or not. I used to share my views to best of my knowledge
Lately, I actually designed a satisfaction scale to make this choice analytically. Let me share my thoughts here
I think a job can be defined a 5 dimensions
1. Your Role
2. Your salary/money/ CTC :)
3. The organisation
4. Location of your work ( in your home city/ dream city)
5. Personal comfort/Work life balance/personal time
Somehow, I feel that any offer can be analysed in these 5 dimensions. Now to make things simple, we can give equal weights to these dimensions ( you can put different weights for different dimensions also) and let us define satisfaction scale from 1 to 3.
1 is for not OK
2 is for Good
3 is for very good
Again, you can have 5 point scale from Very bad to Very good.
Now, on those 5 dimensions, give a score and then total that score
let us assume you get 9 out of 15 score. So your satisfaction score is 60%.
So, evaluate your next offer on these and find out score. If there is at least 10% increase, go ahead and switch your job
How it helps:
Sometimes, we tend to switch a job only for money but that gives you lesser role growth or personal time. For first few days, you enjoy your money but then the overall satisfaction comes into play which is lower than previous job. Then you repent a lot !!
Example:
Let us assume you are in a job which is 2 in all parameters thus your total is 10. Now, you can get a job with amazing role and money taking those things to 3 each.
We tend to jump for these offers and you also took that. But somehow that took all your personal time and that actually falls so bad that it is zero.
Now, you would see your total score again to be 10.
So overall, you are as good or as bad as before. The difference is, you might enjoy your work a lot but you might get very disturbed from personal perspective.
So, use this scale to judge your overall score before jumping into anything..
Cheers
As always, an excellent post Mr. Gupta. You are BANG ON! with your job satisfaction calculator. However, the example cited in the last part of the post takes into consideration something that's a bit subjective and unmeasurable before you actually take up the task.
ReplyDeleteThis is because, for any job, it will be very hard to measure the work/life balance and volume of work involved before you actually take up the job.
Otherwise, the rest of parameters are quiet relevant and measurable (although I do not agree with CTC part. It should rather be just the pure inhand component. Companies usually play the CTC card to jazz up things).
I'd also like to add "Work Culture" to the list of things. A friendly, open and diverse work culture with innovative HR practices goes a long way in employee satisfaction (EVEN if that company is not the best paymaster, is not located at a stone-throw away from you, is not yet a fortune 500 company etc).
Vivek, great post and I know your views even before this. My point is quality of job in terms of personal time is bad at all levels. How your personal life will be impacted is a very difficult guess before joining! Changing job is always a challenge, but seeking safety can be really develop into fear.
ReplyDeleteBut the parameters you have put in are always helpful
I enjoyed reading your post and considering the points you made. …. It will helpful for every one institute in india.
ReplyDeleteVivek, I go with the statement that Sandeep Amar "personal time is bad at all levels. When and How your personal life will be impacted is a very difficult guess before joining! Changing job is always a challenge, but seeking safety can be really develop into fear"
ReplyDeleteYes it is really useful tool to measure before joining any firm.
We all appreciate your information. Keep posting these kind of nice blogs.
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