This week, we answer listener questions, The WIMRant makes a triumphant return, and along the way WIM stumbles on a patent-pending formula for deciding which job will make you the happiest. Please do not steal it. We will sue you and like it.
TGOS Career Happiness Formula (Beta Test):
Which career should you choose?
Step 1: The Formula: Career Happiness Score = #1. pay; rank pay offered on a scale of 1-10 x (estimate how “valuable” pay/income is in your life on a scale of 0-1 with 0 being “not important at all” and 1 being “extremely important” aka “.20”) + 2. work life balance x (.20) + 3. management role/career advancement x (.20) + 4. career benefits i.e. personal/health insurance, etc x (.20) + 5. personal happiness and fulfillment x (.20)
Step 2: On a scale of 1-10 score each of the 5 categories listed above on a scale of 1-10 with 1 being “horrible” and 10 being “great” based on your career or job offer. On a scale of 1-10, where does your career/job offer rank in these categories?
- Category 1: Pay/Income (1-10?)
- Category 2: Work Life Balance (1-10?)
- Category 3: Management Roles/Career Advancement Opportunities (1-10?)
- Category 4: Benefits (1-10?)
- Category 5: Personal Happiness and Fulfillment (1-10?)
Step 3: If applicable, adjust the scale to most accurately reflect the “percentage of happiness” you guestimate each category will bring to your life in parenthesis. One a scale of 0-1, how valuable are the following to you?
- Pay/Income? (0-100%?)
- Work Life Balance (0-100%?)
- Management Roles/Career Advancement Opportunities (0-100%)
- Benefits (0-100%?)
- My Job Provides Me Personal Happiness and Fulfillment (0-100%)
Step 4: Solve for your ‘Career Happiness Score’
Step 5: The Career Choice with the highest ‘Career Happiness Score’ will, in theory, make you the happiest. Choose wisely!
Career #1: Jane Doe currently makes $100,000. Jane isn’t motivated by money but she knows money matters. While money is important, Jane would prefer to have a better work life balance in a career that gives her more personal fulfillment. Her current job doesn’t offer her any personal fulfillment and the work life balance is terrible. When she started, she was warned that in the beginning she would have to travel a lot and work long hours away from her family and friends nationally and internationally. The travel was exciting for awhile but now it’s getting old. Plus, the company originally assured her there was an opportunity for career advancement in the near future (2-3 years). Jane has been with her job for 5 years already and it looks like the only constant is change. However, based on her research and conversations with friends, her current job does offer great health benefits.
To better understand her options, Jane updated her LinkedIn using some helpful tips from TGOS podcasts for creating a winning LinkedIn profile–a great show she’s been faithfully listening to, leaving five star reviews for, and telling her friends about any chance she gets! She immediately hears from a recruiter.
Job Offer #1: Jane has a pending job offer of $50,000. The potential company offers a great work life balance (flex scheduling, work from home, and is rated consistently rated by employees as one of the the “top 100” companies to work for. She will never have to travel but there is minimal opportunity within the company for advancement in this specific career track. However, Jane already works in an “in demand” field and she believes that transferring or promoting with another company in the future wouldn’t be a problem. The new job’s benefits are practically non-existent and the out of pocket premiums are much higher.
Using the BRILLIANT patent-pending ‘Career Happiness Formula’ she heard about on TGOSPodcast Episode 085, Jane decides to see which job might potentially make her the happiest by objectively quantifying what appears to be subjective information. She comes up with the following:
Offer #1 – Career Happiness Score: 6.7
The Formula: #1. pay = 10 (.20) + 2. work life balance = 1(.50) + 3. management role/career advancement = 7(.20) + 4. career benefits i.e. personal/health insurance, etc = 10(.20) + 5. personal happiness and fulfillment = 1(.80)
[To copy and paste this formula directly into Excel use: “=10*(0.2)+1*(0.5)+7*(0.2)+10*(0.2)+1*(0.8)”]
Offer #2 – Career Happiness Score: 13.7
The Formula: #1. pay = 5(.20) + 2. work life balance = 9(.50) + 3. management role/career advancement 0(.20) + 4. career benefits i.e. personal/health insurance, etc = 5(.20) + 5. personal happiness and fulfillment 9(.80)
[To copy and paste this formula directly into Excel use: “=5*(0.2)+9*(0.5)+0*(0.2)+5*(0.2)+9*(0.8)”]
If you were Jane Doe, which job would you take? What adjustments to the formula would you make? Leave your responses in the comment section below, Tweet your responses using the official #TGOS hashtag on Twitter, or @ us directly with your thoughts @TGOSPodcast.
End Note: Asterisk (*) denotes that your specific level of comfort may vary
tgospodcast at gmail dot com
We’re on Soundcloud! It’s a cool new way to interact with the show at specific time markers and segments. We’ll be shouting out listeners that leave comments there.
Find us on Facebook.com/TwoGuysOneShow. Thanks for your continued support!
We’re on ask.fm/TwoGuysOneShow. If you have questions for us that you don’t wanna send via email (because you wanna remain super anonymous), you can ask via our Ask.FM page. Our only request: Please be respectful.
Two Guys One Show now has a phone number for voicemail! You can reach us at 802-455-TGOS (8467).