Most people work because they need to earn salary, but money is not the only motivation or reason why people work. People get job satisfaction from different factors, such as social interaction with colleagues. Status, that is your professional position, and achievement, doing something well, can be important. Some companies really value their employees and see them as the companys main asset. Managing people well can lead to better results and higher productivity for the company, but this can be difficult to do. People respond differently to different style of management. Some organizations give their workers freedom to develop their roles and other dont.
Factors considered when choosing
your job:
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I want to |
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Enjoy my job |
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Like the people I work with |
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Have enough money to afford the things I
enjoy |
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Receive training |
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Find the work stimulating |
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Have an inspirational boss |
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Inspirational: motivating |
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Work for a respected company |
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Have a position of responsibility |
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Be passionate about the industry I work in |
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Have job security |
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Job security: No worry about losing your job |
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Not have to work overtime or at weekends |
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Have a job that will take me abroad |
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Have other people think what I do sounds good |
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Choose five factors which are important for you, discuss them with Tanya |
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THE ART OF RETAINING YOUR BEST
PEOPLE (Harvard business review)
Hiring good people is though, but as
every senior executive knows, keeping them can be even tougher. Indeed, most
executives can tell a story or two about a talented professional who joined
their company to great fanfare, added enormous value for a couple of years, and
then departed unexpectedly. Usually such exits are written off. She got offer
she couldnt refuse, you hear, or, No one stays with one company for very
long these days. Our research over the past 12 years strongly suggests that
quite another dynamic is frequently at work. Many talented professionals leave
their organizations because senior managers dont understand the psychology of
work satisfaction; they assume that people who excel at their work are
necessarily happy in their job. Sounds logical enough. But the fact is, strong
skills dont always reflect or lead to job satisfaction. Many professionals,
particularly the leagues of 20- and 30- something streaming out of todays MBA
programs, are so well educated and achievement oriented that they could succeed
in virtually any job. But will they stay?
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Departed unexpectedly |
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Skills dont always reflect or lead |
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Streaming out of todays MBA |
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They could succeed in virtually any job |
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But will they stay?
There are 8 groups of people
according to their psychology of work satisfaction:
1. Application of Technology:
They are curious about finding
better ways to use technology to solve business problems.
We know successful money manager who
acts as his companys unofficial computer consultant because he loves it more
than his day job! People with the application-of-technology life interest often
enjoy work that involves planning and analyzing production and operations
systems and redesigning business processes.
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unofficial computer consultant |
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application-of-technology |
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redesigning business processes |
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2. Quantitative Analysis
Some people arent just good at
running the numbers, they excel at it. They see it as the best, and sometimes
the only way to figure out business solutions. Similarly, they see mathematical
work as fun others consider it drudgery, such as performing a cash-flow
analysis, forecasting the future performance of an investment instrument, or
figuring out the best debt/equity structure for a business.
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they excel at it |
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the only way to figure out business solutions |
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others consider it drudgery |
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a cash-flow analysis |
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an investment instrument |
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figuring out the best debt/equity structure
for a business |
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3. Theory Development and Conceptual Thinking
For some people, nothing brings more
enjoyment than thinking and talking about abstract ideas. How can you identify
the people with this interest? For starters, theyre not only conversant in the
language of theory, but they also genuinely enjoy talking about abstract
concepts.
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nothing brings more enjoyment |
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Conceptual
Thinking |
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enjoy
talking about abstract concepts. |
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4. Creative production.
Some people always enjoy the
beginning of projects the most, when there are many unknowns and they can make
something out of nothing. These individuals are frequently seen as imaginative,
out-of-the-box thinkers. They seem most engaged when they are brainstorming or
inventing unconventional solutions.
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enjoy the beginning of projects the most |
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make something out of nothing |
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out-of-the-box thinkers |
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inventing unconventional solutions |
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5. Counseling and mentoring
For some people, nothing is more
enjoyable than teaching in business, that usually translates into coaching or
mentoring. These individuals are driven by the deeply embedded life interest of
counseling and mentoring. People with a high interest in counseling and
mentoring can be recognized by the fact that when they talk about their
previous work they often talk fondly about the people who worked under them and
where they are now like a parent would talk about his or her children.
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deeply embedded life interest |
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talk fondly about |
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worked under them |
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6. Managing people and relationship
Individuals with this deeply embedded life interest enjoy dealing with people on a day-to-day basis. They derive a lot of satisfaction from workplace relationships but they focus much more on outcomes than do people in the counseling and mentoring category. In other words, theyre less interested in seeing people grow than in working with and through them to accomplish the goals of the business, whether it be building a product or making sale. That is why people with this life interest often find happiness in line management positions or in sales careers.
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day-to-day basis |
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focus much more on outcomes |
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to accomplish the goals of the business |
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7. Enterprise Control
Enterprise control people are easy
to spot in organizations. They seem happiest when running projects or teams.
These individuals also tend to ask for as much responsibility as possible in
any work situation. Pure interest in enterprise control can be seen as an
interest in deal making or in strategy - a person with this life interest wants to
be CEO.
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easy to spot |
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pure interest in enterprise control |
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8. Influence Through Language and Ideas
Some people love ideas for their own
sake, but others love expressing them for the sheer enjoyment that comes from
storytelling, negotiating or persuading. Such are people with the deeply
embedded life interest of influence through language and ideas. They feel most
fulfilled when they are writing or speaking or both. Just let them
communicate.
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love ideas for their own sake |
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love expressing them for the sheer enjoyment |
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with the deeply embedded life interest |
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they feel most fulfilled |
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P.S. job sculpting is worth the effort of managers, do they need
special training for it?
No, but they do need to start listening more carefully when employees describe what they like and dislike about their jobs. In the knowledge economy, a companys most important asset is the energy and loyalty of its people the intellectual capital that, unlike machines and factories, can quit and go to work for competition.
Assignment:
1.
Combine two
most interesting for your reason of work satisfaction from eight presented
above and discuss it with partner.
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Your
choice: |
Why
did you choose it? |
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2.
Ask your
partner does he/she agree that chosen reason is really suitable for you.