How to Avoid the Worst Outcome: “I Hate My Job”

If you hate your job you’re not alone. Seventy percent of Americans actively dislike their job or are not excited about what they are doing with their lives. That is pretty sad. Many solutions today focus on fixing the job with such things as access to catered meals, a ping pong table or free massages.

Buzz Today Source: CNBC/Gallup: Just 30 percent of employees are engaged and inspired at work, according to Gallup’s 2013 State of the American Workplace Report, which surveyed more than 150,000 full- and part-time workers during 2012. A little more than half of workers (52 percent) have a perpetual case of the Mondays—they’re present, but not particularly excited about their job. The remaining 18 percent are actively disengaged, roaming the halls spreading discontent.

Google is often cited as the icon for the happy work environment. 84 percent of the Google workforce has a high level of job satisfaction, one of the highest percentages in the Fortune 500. It helps that the average salary at Google is $107,000 per year. But money, free gourmet food, kindergartens and gyms and free time to work on personal projects is not the only story at Google. Google invests lots of effort to make sure that they hire right people in the first place.

Unless you already work for Google their work place solution is not available to you. But that doesn’t mean that you don’t have good options available. You have to change what you do at the beginning, not after you have a degree and begin to look for a job. The forty five year old with a college education who ends up with a degree and a job they (you) hate, most often takes the traditional path to education.

That traditional path begins with the way education decisions are made in our society today. The example here does not describe 100% of the cases but it is true for the majority. And it is likely it will be true for you unless you do something about it before enrolling in a degree program. The first education decision is typically the selection of a college/university to attend. The assumption is: “If I enroll in the most selective university possible I will have the best chance for career success”. This critical assumption is wrong. When it comes to your pay, what you study in college is more important than where you go to school.

Once enrolled in the university of choice, enrolled students try to figure out what to study – a sequence I call Major – Major – Major in my book “Your Future is Calling.” And it is here where the “I Hate My Job” trap begins to snap shut. Desperate and running out of student loans, the typical student will feel an urge to just get a degree and then look for a job. The last question being asked is whether the degree/job fits what I call “who they are”. The result is the forty five year old with a big mortgage, auto loans, kids in school, family obligations and a decreasing number of options to deal with the sad fact that they hate the job they ended up taking.

It’s no wonder so many hate their jobs. Often the job taken is the desperation decision at the end of a string of choices that started at the wrong point in the first place. To avoid this sad state of affairs you need to reverse the sequence.

Rather than beginning with the decision to attend a specific college or university, a better path is to begin with understanding “who you are” in the first place. From there, the best sequence is to select a career based on the match between “who you are” and future career prospects. The selection of a major to prepare you for the career that fits “who you are” is next. Last comes the choice of the university with the best major – tuition cost combination.

In the end, your goal is to immensely improve the odds that as a forty-five year old your state of mind is not “I hate my job”. You want to be able to say what the vast majority of employees at Google say, namely “I love my job”. There are actually people in the world who say that everyday. Your main goal should be to become one of them.

Oh, by the way, there’s an outcome at least tied for worst with “I hate my job”. It’s having huge student debt, a worthless degree and no job at all. My advice is to avoid this outcome at all costs. Work conditions at Google cannot help you here. Only you, and the decisions you make today, can produce the better outcome. GO FOR IT!

What You Need to Know Before You Pick a Major or a University

“Is College Worth It?” The answer is yes only if you chose wisely. College graduates had, on average, over $32,000 of debt upon graduation in the spring of 2013. The major on their degree had a lot to do with their ability to earn an attractive living and manage that debt.

Buzz TodaySource: American Institutes for Research. An analysis of the earnings of recent college graduates in five states finds that those who went to elite institutions do not necessarily earn higher salaries than their peers, that some certificates and associate degrees are far more lucrative than four year degrees, and that when it comes to science, technology, engineering and math (STEM), students who study biology or chemistry will earn far less than those in the other three fields.

The traditional sequence for individuals going to a college or university has been University – Major – Degree – Career. The reality is that for over half of those receiving a bachelor degree in America the sequence is actually more like: College – Major 1 – Major 2 – Major 3 – College 2 – Major 4 – Degree (finally) and then look for a job.

Has this been your experience? There a couple of things to observe about this typical sequence. The first thing is how much emphasis is placed on the reputation of the college or university. It is as though getting into a prestigious university is all one needs to do to have the golden ticket to a successful life. What we see in the BUZZ Today here is that this is not true.  The research shows that the major/career you select is far more important to your earnings future.

So if being accepted by an elite (highly selective university) does not assure you of economic success, what does it tell you?  Being accepted by a highly selective university tells you that you are among the smartest people in the country. That is nice to know this and does tend to make one feel good about ones self. But in the end, you are smart whether you go to university A or a less prestigious school B. Your smartness goes with you, it doesn’t stay with the university you decide to attend. The bottom line is that you do not have to pay the high tuition costs of the elite university when it comes to having the best chances of making a decent living. Conversely, you are not destined to a substandard living standard if you do not get to go to Harvard or Yale. What is far more important than where you go is what you study – your major.

The major you select is closely tied to the career you are targeting for yourself. To pick the right career you first must know “who you are” – something I discuss in detail in my book “Your Future is Calling.” I will defer a more detailed discussion of the “who you are” challenge for a later post. For now lets return to the career/major discussion.

The amount of earning power related to specific majors/degrees is truly amazing. Data from the very valuable web site CollegeMeasures is loaded with very important information about what specific majors and careers are actually worth in the real world. For now let me leave you with one direct comparison for bachelor graduates in the state of Virginia. On average, such graduates with a psychology degree (one of the most popular majors in American universities) had first year earnings of $29,040 compared to first year average earnings of $51,378 with an engineering degree.

In conclusion for this post:

1. You need to learn to prosper

2. What you study is far more important to your income than where you study.

3. You can save a lot of your education expenses by avoiding Major – Major – Major in combination with selecting your career/major before enrolling in any specific program or any university.

How Employment Links to Career Choices

Change Career – millions are considering it and there are millions of things to consider. Where to begin?

What is changing is the world around you. At your core you are changing very little. Scientists know that by the time you reach adulthood your brain is wired by your experiences.You are who you are. The first challenge is to match who you are with the new opportunities and make the best choice that fits you. There are lots of career choices, many with very attractive salaries and growth opportunities.The US Department of Labor lists almost a thousand in America alone.

Buzz TodaySource: Bureau of Labor Statistics. Total non-farm payroll employment increased by 195,000 in June (2013) and the unemployment rate was unchanged at 7.6%, the U.S. Bureau of Labor Statistics report. Source: What Color is Your Parachute? In March 2012 4,356,000 people found work and there were 3,737,000 job vacancies waiting to be filled. That is a total of 8,093,000 employment opportunities.

So, contrary to what some are saying, the problem is not a lack of employment opportunities. What is confusing is that every month the popular press focuses on the unemployment rate and the net new jobs created in the last month. Recently the new jobs number has been around 180,000 per month. But what is more important to the career change decision, is the fact that every month American companies recruit and hire millions of new employees, not merely a few hundred thousand reported as new jobs.This adds up. Over a year’s time this means that there are actually tens of millions of opportunities to find a job in a new career.

The real challenge for the career changer is to decide the key question: Which of these tens of millions of opportunities do I go after? And even more important – how do I decide? Here are some suggestions to help guide you onto the right path.

Think of a career as what you DO with your life.The key to making the right choice is to make sure that what you do matches who you are as a person. Many go through life trying to figure out what they want to do “when they grow up”. They are looking for purpose and from that personal happiness. Sadly millions never find their answer. The career changer has a unique opportunity to link their doing with their being and from that develop purpose and happiness.

Who you are is fixed. You can learn new skills but in the end none of us get to fundamentally change who we are as an adult. So the first thing the career changer has to do is find out who they are. There are very good scientific instruments to help them do just that. Many are listed in my book “Your Future is Calling.” It is a place to begin.

Once the career changer has an objective read on who they are, they need to look at good information on the doing part of the career choices. Here again, there is good objective information available on the specific career choices available. The very comprehensive web site O*NET provides excellent information on a host of critical career factors including what someone in that career actually does every day. This is the source of information on the doing part of the career choices.

The last pieces of the puzzle are to decide on what to learn and where to learn it for the new career.There are thousands of education programs at community colleges and four year institutions to develop the skills required to qualify for new career opportunities. Once the career that matches who you are is selected, course catalogs, course descriptions and costs are available at college web sites. In addition, the Department of Education maintains a comprehensive site of information about college programs and costs on a site called College Navigator. At this point the main challenge for the career changer is to select the major and the college that is the best buy for the career chosen.

At the beginning, a career change decision feels overwhelming mainly, because it is.There are millions of things to consider. The good news is that the range of choices narrows quickly when the match between who you are and what you do is made at the beginning. There is still a lot of data to look at and evaluate but all of that is relatively straight forward with a good road map. See “Your Future is Calling” for details on how to do this part of the career change decision.

JOBS

Having a well paying job may not be the only goal of an education, but it has to be one of the main purposes for getting an education. But there is a lot to learn about the job market and how it ties to your education decisions.

Buzz Today Source: The Wall Street Journal The Starbucks Corp attracted 7.6 million applicants over the past 12 months for about 65,000 retail and management positions.

The evidence is clear that the level of your education is closely correlated with unemployment (inversely) and income. We have seen the data before in an earlier www.learnprosper.com post.

Source: U.S. Bureau of Labor Statistics

More Education Means More Money Chart, see table below

But in addition to this important general information about the relationship between education and jobs, we want to look at some very specific labor market facts. My goal is to give you data that will help motivate you to actually complete your learning. With an education you radically increase your chances of reaching the job opportunity at the end. This is true whether you stay on the Traditional path or move to the recommended Your Future path.

As discouraging as the BUZZ Today data is about the current job market, the department of labor data on education is very good evidence that you should be doing everything you can to complete your education. It will help you to be able to compete for the jobs.

Some additional data should help encourage you. The very useful book, What Color is Your Parachute provides information even in the face of the tight job market reflected in BUZZ Today. What the book tells us is that in 2012 about 140 million Americans did have jobs. What is most encouraging is just how dynamic the overall job market is. Again from What Color is Your Parachute: In March 2012 4,356,000 people found work and there were 3,737,000 vacancies waiting to be filled. That is a total of 8,093,000 opportunities (p.13). The message is that you don’t have to join the crowded space of millions of others trying to get a job at Starbucks. The challenge you face in the jobs competition is not whether there are jobs to be filled – there are literally millions to be filled every month. The challenge is to decide on the career that fits who you are, get the education you need to compete, then learn how to play the game when hiring companies are faced with the numbers we see in BUZZ Today. More on this in Your Future is Calling and future posts on Learn Prosper.