In corporate world, it would be called “RAM RAJYA” (perfect rule of state) if you have both Money and Job satisfaction. But have you ever experienced it? Maybe yes, maybe rare and the majority think this is not possible. I find a lot of people and career experts who preach “do what you like, money will follow” theory but does this concept holds the ground?
Talented people lead business that their father made for them; creative people work behind files, people loose health and murder family time for money. Then they say the money is not “enough”. The need of more money leads to more head-hitting and job dissatisfaction. Then there are lures and distractions as some will always be ahead of you in terms of money and position. The number game of “I will be the boss” makes you do what you don’t want to do. But again you get money, so I will hate what I do but will continue to do it as I get money. Is this justified? But yes this is happening and I have seen my clients, friends, and well-wishers doing this. I am putting certain cases in front of you. (Names have been changed as my friends also read my posts, and I will be murdered if I write their original names)
Money Vs Job Satisfaction? OR…Money + Job Satisfaction?
Disclaimer – this article is a question that I am throwing at you, by no chance I answering this or guiding you. But still, you should try to answer this question & also ask yourself “what are you trying to achieve in your life?”
Real-Life Case 1
Amit, a Regional Manager in an MNC wanted to shift to his native city as parents were aging and had health issues. He willingly took a cut of 20% on his CTC and shifted to the new company. The company gave him nil increments during the next appraisal year and soon he was frustrated. Money which was not a problem a year ago became his mind tenant now. He could not get enough motivation to work and soon lost control there by hitting his performance. The company soon smelled that and he was shown doors. A case where the satisfaction of job and money changed due to working environment.
Real-Life Case 2
Ajit was a creative mind but had to start his career in a sales job as he was campus placed and his management institute could get only companies looking for sales profiles to the campus. And he himself was not sure of his creativity even though friends in college said he should have joined advertising instead of front-running jobs. The youth inside him, the money, the promotions, the career, and the reputation made him an enviable executive. But the artist in him kept him bothering. Now with a career of 12 years in sales, loads of family responsibilities, borderline cholesterol problem, and good money he keeps thinking he should change the field but can he? A case where a person does not know what is job satisfaction. Money keeps him moving.
Real-Life Case 3
Anant was a confused DNA. He was in a good job and was doing good also but deep inside he knew he was not meant for the F & M language, professional snakes-n-ladders, late night boozing and corporate parties. He was a quite person from inside and wanted to have his peace. He quit his job and started something which was never his passion but made that field his passion. Now he does something which is not his big dream, but he has to live with it and earn from it. He knows that the new profession will give him adequate money but less reputation and friends. He cannot go to work under somebody as he considers himself a misfit in corporate world. He never had a job satisfaction and nor will his own work give him job satisfaction. A more complex case as person thinks negative about himself.
Real-Life Case 4
Akash always wanted to do something of his own. He believed in his qualities but family responsibilities took him to job world. He started from the ground reached middle-level management in 10 years. His friend who was starting his own business made him an offer to join. But he declined because now his vision had changed. He wanted to taste the success at the top level. His package was decent and when the company gave him a transfer without adequate hike, he accepted thinking it as a career upgrade. He got less increments but he kept himself motivated by keeping his aim in front. In moments of stress and failure, he often thinks that if he would have accepted his friend’s offer he could have been making the same money but the family could have been together. But on second thought he thinks a CEO or being MD has its own high and he wants to have it. A case where the person is not bothered about job satisfaction or money. Aspirations are priorities of life.
Real-Life Case 5
Aneesh always dealt with crush and had no serious affair with the companies he worked for. Some companies closed operations/departments and which did business Aneesh could not stick due to performance issues. After 7 years of work experience and 11 employers on his resume, he was the unlucky one. He neither had the guts to start on his own nor he had enough backing to support a new start-up and family. Finally, after 7 years he landed in a company which was a laggard in the sector but did some meaningful business. Somehow Aneesh found this company as a stopover and he stick for 3 years in the company. His resume is sound now but his package due to frequent shifting is below for a standard of person with 10 years of experience. Aneesh has no way to get his package increased nor does he want to experiment again with new companies. He is settled and making no move to change. A case where job satisfaction is dealing with a money problem.
Why do people leave jobs & change careers?
In my practice, I have found a direct correlation between personal finance and job satisfaction. People who had job satisfaction had a straight and steady career and had less money wasted on shifting cities and financing the period between changes in jobs. Also, you can imagine what happens to my calculations when a client who gets his financial planning done for the next 30 years of service life, comes back and say that he has changed his mind and he is starting his own venture and needs assistance to finance it. So why do people leave jobs or change careers?
Well I read somewhere that one must never change job if you:
1) Hate your boss.
2) Are looking for happiness.
3) Want more meaningful life.
But who is contended? Everyone hates his boss (even your boss hates his boss), everyone is hunting happiness and everyone wants more in life. Maybe money or a little bit more money help to swallow this quinine. But money has its after-effects too.
Few questions to be asked?
1) Is job satisfaction possible? Can you actually derive pleasure working for someone else?
2) Can money be used as a medicine to provide job satisfaction?
3) Is money and job satisfaction synonym?
4) Is starting a business or changing job a cure to job satisfaction?
Well, I leave you here with these questions. Please share your experience what you feel about this topic. You or maybe someone near you must had taken a strange career decision impacting his financial position. Do share your learning in the comments section.