A lot of people ask me if they should blog under a pseudonym. They ask me because I started writing under a pseudonym eight years ago, and it ended up being such a mess that I turned it into my real name. So I advise everyone to start out using their real name. Here are the reasons why:
1. Your blog could get very popular, so plan for that. Blogging takes a lot of time. If you’re going to put in the time, you may as well do it assuming that you will gain a very big readership.
Imagine you get phone calls from the New York Times and they ask for you using your pseudonym instead of your name. What do you say? Imagine you get an inquiry from someone who might hire you and you have to explain that you are not exactly the person they’re calling. Mostly, though, imagine that when you use your real name and people don’t know who you are. No one wants to hear a long-winded explanation for a name. They just want you to use a name that works. Take it from me.
2. Blogging is good for your career, if you allow it to be. Picking a topic helps you focus your career energy on the intersection of your strengths and your interests. And really, it’s hard to blog and not become an expert in your topic. You read about the topic all the time, you think about it when you think about your posts, you have conversations about it constantly via links and comments. One of the best benefits of blogging is that it’s a great education. But how can you get credit in your field for this expertise if you blog under a pseudonym?
If you’re worried about how to keep a personal blog while you have a corporate job, check out Steve Rubel at Micropersuasion. He is employed at Edelman and is sort of inventing the wheel as he goes along. He makes mistakes very publicly, and we all learn from them, and he’s a great model for making a blog and a corporate job work together. Other examples of bloggers who have personal blogs and corporate jobs are Tim Bray and Melanie Parsons Gao (both at Sun Microsystems) or the hundreds of bloggers at Microsoft.
3. Blogging is a great way to network – if you are being yourself. Blogs are one, big conversation, so your ability to meet people and make real connections with them increases geometrically through blogging. People were very unsatisfied to hear that they thought they knew me but in fact I was not giving them my real name. And people who were just getting to know me got hung up on the name issue – they couldn’t believe that I was so well known by a name that wasn’t my name. Having a pseudonym is like having a wall up between you and everyone else. It doesn’t have to be that way, but that’s usually how people perceive it when they find out.
4. Technology can make your life feel more coherent, if you plan for that. One of the great things about social media is that we can integrate our work life and personal life so well because we can work remotely and on our own time. But this sense of an integrated life is undermined with dual identities. If you always tell people you have two names then your pseudonym will start to feel fragmented and fake. And if you never tell some people and not others then you won’t remember who knows you as which name, and you will feel inauthentic.
5. A pseudonym will not protect you from sexual harassment. It’s true that women bloggers get harassed online way more than men. Kathy Sierra is an extreme and terrible example, of course, but harassment happens in not so dramatic a way every day .
Online men pick on women because they are women . For example, Mike Arrington, a highly influential technology journalist, inexplicably insulted, the topic (knitting) of a very successful web site aimed at women. And each week I receive many comments on Yahoo Finance rife with misogynist accusations about sex and intelligence that the male columnists at Yahoo Fiance do not endure nearly as often.
But is this a reason to hide? There is a 70% chance that a knowlege worker will be harassed on the job. Women are more likely to be harassed in their office than online. Does it mean women shouldn’t show up to the office? No. Women have gotten good at dealing with harassment. Probably because it’s a fact of life. It starts when we are twelve years old and a guy whistles from a car as he drives by. And it looks to me like it never ends. We cannot stop this. At lest not today.
The best we can do is not suppress ourselves behind a pseudonym as a measure of protection. Otherwise, men get all the benefits of blogging and women don’t, and we create an all-new Web 2.0 version of the gender divide.
It’s telling that some of the most popular blogs focus on productivity. I learned this when I interviewed productivity gurus about their best time-management tips last year and it became the post that bloggers link to most often on Brazen Careerist.
How to get more things done is a hot topic for younger workers especially, and one that has seemingly endless angles. That’s because young people are good at multitasking, and yet feel as though true productivity goes a step further than simply working feverishly on more than one task at the same time.
Here are six productivity-blogger tips with some new takes on the old idea of blowing through your to-do list to feel good about your day. What’s interesting to note is that each piece of advice actually encourages people to get more done by slowing down to focus rather than multitasking nonstop:
Having goals is more important than the content of the goals
Productivity should be aimed at meeting goals rather than merely keeping up with one’s to-do list. It’s a question of the big picture versus the little picture, and we need to be sure to have some big-picture ideas about our life or we won’t be able to steer it.
So often, though, we don’t set goals because we’re worried they’ll change. But they’ll change regardless, and we don’t want the same things throughout our whole lives anyway. As Eric Nehrlich says on his blog Unrepentant Generalist, “The particular goals aren’t as important as the process of setting goals and working to meet them.”
Knowing you can meet goals encourages you to set more, and setting more encourages more conscious thinking about what you’re doing. That may well be the very core of productivity.
• Get information at scheduled times
In a world where most of us are knowledge workers, the person who’s best at taking in information and synthesizing it is going to stand out. The last thing you’d want to do, then, is stop taking in information. But there’s limitless information, so you have to set your own limits.
Tiffany Monhollon at Little Red Suit suggests scheduling when precisely you take in your information. This means that it doesn’t interrupt you constantly, which really undermines productivity, but it also doesn’t elude you, which is the sure way to become obsolete in the workforce.
A lot of us get stuck because everything on our to-do list is daunting. As Gina Trapani explains at Lifehacker, each of us has two selves — the boss and the assistant. The boss self comes up with things that are cool to do, as well as things that are awful to do but that need to get done anyway. The assistant self has to execute all of it, and sometimes the boss self makes life impossible for the assistant self.
Ideas that have no execution strategy, projects that have 50 (or more) steps, and administrative tasks that aren’t essential all drive your assistant self crazy. Trapani explains how to make sure your boss self and assistant self are working together to create a to-do list that doesn’t stop you in your tracks.
You actually need to put a lot of thought into how you manage yourself. Maybe that’s why the best reader for this column is your philosopher self.
• Do something you’re passionate about
Every Monday, Zen Habits‘ Leo Babauta blogs about productivity and organization. That in itself is a great productivity lesson: If you schedule something important for certain days or certain times each day, you’ll get into the habit of getting the important things done.
Zen Habits’ No. 1 productivity tip is to do something you’re passionate about. Why? Because when you’re enthusiastic about something you’re better at it, and you don’t mind trying harder and putting more time into it. It’s the work you don’t really want to do that you put off or do slowly and without much attention.
• Do important tasks instead of urgent ones
Steve Pavlina shows how to make a distinction between the important tasks and the urgent tasks on your to-do list. Examples of important items on your list could be learning new skills, finding a new relationship (or working on the one you have), or starting a new project. Note that these items are for you, not for someone waiting for a response to your e-mail. Steve calls this paying yourself first.
Ask yourself if it will matter in five years whether you did a particular task or not. Taking that class you’ve always wanted to take passes the test — it’ll surely matter in five years. On the other hand, not answering that e-mail from an impatient coworker right this minute probably won’t matter in five years.
What does this have to do with productivity? You can’t be truly productive if you’re wearing yourself out by taking care of other people’s needs. If you decide that 5 out of 10 things on your to-do list won’t really be important in the long run, then you’ll be much more productive by making time to work on those less-urgent but more-important items first.
Just because you’re getting something done doesn’t mean it matters. In the long run, you’ll feel better about the time you spend if you’re making a difference with the outcome.
We often put things on our to-do list that take much more time to accomplish than they’re worth, but we focus so much on getting them done that we don’t think about if they were worth the time.
Chris Michel has an equation for this on his blog Found|Read: Take the desired outcome (value) and divide it by actions (cost), and you have the return on your investment (time). Michael theorizes that looking at tasks this way will inspire you to come up with ways to get to the outcome with fewer wasted actions.
Timing Is Everything
As you try to implement new productivity tactics in your life, keep in mind a study from the Center for Creative Leadership that says we each have ways of doing things that are hardwired, and if we get stressed out we’ll revert to those ways.
So even though it’s tempting to try new productivity methods when you need them the most, you’ll have more success making the switch if you wait until a relatively calm period of your life.
I get a lot of invitations to connect on LinkedIn. This is no surprise because it’s a great tool for professionals to connect. What might surprise you is that I say no to a lot of invitations. Sometimes I feel bad saying no, so I send back a little description of the lessons I’ve learned from LinkedIn executives about how to use the service.
Because LinkedIn sponsors Brazen Careerist, I have had the opportunity to pepper LinkedIn mavens with random etiquette questions. So at this point, I have a few opinions of my own. Here’s my advice:
1. Don’t say yes to an invitation from a person you don’t really know.
LinkedIn works best as a way to leverage your professional circle of people you know well or know their work well. I love looking through my friends’ professional networks to get an idea of what introductions I could possibly get from a friend. My friend can say to her friend, “This is Penelope, you should get to know her because of x.” But this only works if my friend actually knows me and the other person well. Otherwise, I may as well make the introduction myself.
In that respect, your network on LinkedIn is really only as strong as your ties to the people in it. You will get more benefits from LinkedIn if you have a network of 30 people you know well than 300 people you don’t really know.
2. Don’t send invitations to people who don’t know you.
I feel like I kinda know Mike Arrington. I know I’d like to have dinner with him (does he ever stop blogging to have dinner?) I read his blog every day, and I know the type of connections he could offer me. But he doesn’t know me. Even if I have emailed him three times and posted ten comments on his blog, he doesn’t know who I am. He probably reads 400 emails and comments a day.
3. Don’t put your email address under your name on your profile.
When you appear in other peoples’ lists, if someone wants to connect with you, they have to go through your mutual connection, or they can email you directly. There is a reason LinkedIn works this way – the point is not to connect with everyone, it’s to connect with people you know. Someone who puts their email address right under their name is announcing that they will connect with anyone, and for the purposes of LinkedIn, this will weaken their network.
4. When you send an invitation, don’t apologize.
I get a lot of invitations that say, “Sorry for the form letter” but you’ll have to trust me that the most well connected, high-level, experienced people I know send the form letter. It’s fine. Also, people send invitations to me that say something like, “Okay, I’m doing the LinkedIn thing.” But it makes you look bad to invite someone to something you feel uncomfortable with, so if you can’t think of something good to write, just send one of the form letters.
5. Remind me how I know you.
Sometimes, I do actually know someone, but I communicate with so many different people every day, that I don’t remember. Yesterday I got an invitation that said, “It was great to do the podcast interview with you today” right before the standard LinkedIn invitation text. That was great. I knew exactly who the woman was and I connected. This also brings up another point, which is act immediately. The best invitations come right after you’ve made one, solid connection with a given person. For example, if you go back and forth in email six times, send an invitation that day.
6. Think about LinkedIn from the other person’s perspective.
Journalists, for example, will be harder to connect with. They are notoriously adept at telling people they have no time to talk. Also, journalists already have good access to a wide range of people. However a journalist will be happy to connect to, say, the managing editor of the New York Times. Know who you’re dealing with and where you fit in and then you’ll understand how well you need to know the person in order to connect. (Note: Here are good ways for Journalists to use LinkedIn.)
7. Keep things a little informal.
LinkedIn is a group of people coming together to help each other. More cocktail party than job interview. So, for example, make your resume a little chatty. The best LinkedIn profiles are a little more casual than a formal resume. I think I could actually fix mine up a bit in this regard. When I read a resume on LinkedIn, I am not scanning to see if I want to hire the person (which is the purpose of the formal resume format). Instead, I would like a sort of cocktail-party introduction about the person and what they are doing with their life. Don’t write paragraphs in your resume, but a short paragraph on LinkedIn is sort of nice.
Of course, this just scratches the surface of the nuances of LinkedIn. For example, if you work remotely, you can use LinkedIn to compensate for less face time. And if you are feeling like a power user, check out Linked Intelligence, the blog about how to use LinkedIn.
By Ryan Healy – According to adults the world works in a centralized, hierarchical structure and that’s the way it will always be. They say young people will eventually adapt and accept things for how they are, despite the fact that decentralized websites and organizations have defined our childhood and early adult years.
I don’t buy it. We grew up with open source websites like Napster and Kazaa. Now we use Wikipedia and Craigslist daily. All of these sites have one thing in common; users control them. I don’t need permission to post an apartment for rent on Craigslist and I can make up any word I want and create a definition in Wikipedia.
Now there is undeniable proof that Gen-Y is bringing decentralized organizations mainstream…
After turning down $1 billion, 23 year-old Mark Zuckerberg took the user controlled Facebook to a whole new level by allowing everyone to create applications without pre-approval. If you really think about it, Facebook allows anyone to work for them without the hassle of reporting up the ladder, attending pointless meetings or even leaving their living rooms. With a good idea, a little programming knowledge and a small amount of money, anyone can make money through Facebook while simultaneously increasing the company’s bottom line.
Facebook’s revolutionary new concept is just a glimpse into the all inclusive, non-hierarchical, “out of the box” future that generation-Y will continue to invent and embrace. My friend and web designer, Devin Reams reaffirmed this thought when he told me about his experience at Startup Weekend.
The event began on a Friday, when 70 people showed up above a bike shop in Boulder, CO to vote on their favorite previously submitted business ideas. They decided to create a business that allowed people to take quick polls of their friends’ opinions.
“We broke into groups based on ‘expertise’: business development, PR/marketing, user experience, design, front end development, back end development, and legal. The groups allowed for quick action,” says Devin. “We had seven-minute update meetings every hour and the each hour flew by. On Sunday night we had a business model, website, and marketing campaigns ready to go for a product launch.”
The company was successfully started but no product had launched to the public. “This was frustrating,” says Devin, “since the world was every move on live video from Ustream. But, the project has continued beyond the weekend and a launch is expected next week. We’ve been playing with it internally and it’s amazing what a decentralized group can accomplish.”
After this amazing weekend, the group ended up with a “fast polling” website called Vosnap. The site allows you to send out a quick poll to friends via email or text messaging. For example, if a bunch of friends want to meet up for lunch, but all work in different places, they can send out a poll and meet at the restaurant that receives the most votes. Sounds pretty cool to me!
Sure, Andrew Hyde is technically the “CEO,” but he doesn’t have to approve everything, and the majority can vote him out at any time. This is strangely similar to Wikipedia’s structure of open source use based on a community of trust, rather than checks and balances. Can you imagine a typical company trying to agree on a product, design a website, create marketing campaigns, and draft contracts and legal arrangements in three days? It would take me three weeks to jump through the bureaucratic hoops just to pitch an idea to the person in charge. On a weekend; forget about it.
When you put a group of talented, motivated young people together for three days without bosses, titles or egos, things seem to magically run very smoothly. Watching Facebook evolve and hearing stories like Devin’s excite me. They are proof that young people are not only motivated and capable of working together, but they show that we don’t have to adapt to the status quo of the corporate world to succeed. Hopefully big business starts taking a few lessons from these progressive young leaders.
Ryan Healy’s blog is Employee Evolution.
A few weeks ago I wrote about the braided career. The idea is that in order to create stability in a world where career change is frequent and job security is non-existent, you need to be managing three things at all times: your personal life, what you are doing for work now, and what you might want to do next. These things are intertwined, and make for an interesting, stable, but complicated life. If you consciously braid then you keep things in order.
But how do you translate that to a business card? What do you call yourself?
The answer is that your business card should directly reflect the story you are telling about yourself in the moment. And in fact, the issue of what to put on your business card is actually a very fundamental question.
The best way to get a clear sense of who you are is not to philosophize with your head in the clouds, but rather, to describe yourself in sentences. Sometimes this means writing a lot, sometimes this means talking a lot. This is why keeping a diary keeps some people feeling centered and talk therapy keeps other people centered. It’s also why when you are working on your elevator pitch about yourself, you get better and better with practice, because you understand yourself better each time you talk about yourself.
When you meet someone new, and they ask you “what do you do?” Blogger Pam Slim gives a great answer: She says to answer what you want to be doing. That is, you are under no obligation to tell people your day job. And you don’t need to confess that you want to be a designer but the only thing you’ve designed is the web page that says you’re a designer. Everyone starts somewhere. Bill Gates sold his first computer before he had manufactured one. He did that by saying that he does it and then someone hired him to do it. This is fair play – even expected play – in business.
So you need a business card that says what you want to be doing, if you are ready to start doing it. If you are doing two things and they are related, like designer and illustrator, you can put a slash on the card. If you are doing things that are unrelated, like designer and travel agent, then have two separate cards. This way, when someone is going on a trip, you can give them the travel agent card. If designer is also on the card then it looks like you are less focused on travel, whether or not it’s true, so leave it off. In this sense the card is like a resume – it’s not your life story; just put on the card what you want to get hired to do.
You can do fine with a very basic business card, and there are plenty of places to order these online. But here is a site with really incredible business cards, that I spent way too much time looking at. (Thanks, Marina.) But before you go there, a word of caution: The wrong font can ruin your image in one second. So don’t get fancy unless you know how.
And hey, if you still have a corporate day job as well, don’t forget to carry around cards for that, too – until you can quit.
After a week of posts about generational conflict, you’ll be happy to hear that Alexandra Levit is a professional bridge builder (and blogger at Water Cooler Wisdom). Leaders in the Fortune 500 call her when they can’t cope with young people anymore. She teaches people how to stop annoying each other by gaining a better understanding of generational differences.
Deloitte has a program that offers free, confidential career counseling to all employees. The counselors can talk on any topic (including how to get out of Deloitte). So I asked, “What do the older employees talk to a coach about?” And program founder Stan Smith, told me, “A lot of them use the career coach to ask what do I do about these kids?”
It’s clear this cuts both ways, too. Generation Y is not an insolent bunch. They have been treated well by older people their whole lives. They follow rules, and respect their parents. Young people are looking for ways to work well with management — ways that won’t crush their dreams.
On an individual basis this comes down to problem solving and negotiation. Working with someone is actually a series of hundreds of small negotiations. If you do them well, things go smoothly and all issues are small. If you mishandle negotiations, problems grow, and road blocks pop up.
What Alexandra can do is help you troubleshoot problem areas in your work life that are a result of generational differences. It’s a skill to learn, and you can use it over and over again. You can also use Alexandra to blow off steam. Deloitte finds that you will do better work if you have a person like this in your life as a sounding board.
This week you can get 90 minutes free with Alexandra. You’ll probably use it in 30 minute increments. Most of you can benefit from this. A place like Deloitte doesn’t offer free coaching willy-nilly. They offer it because the idea of handling everything yourself is outdated; having someone to go to for a problem drastically improves your ability to succeed at work.
If you are having generational problems at work, send an email to me with three sentences about why you want to work with Alexandra, and she’ll pick one of you to work with. Deadline is Sunday, July 15.
What’s the point of baby boomers complaining about Generation Y at work? First of all, it’s a cliché, because people over 40 have been complaining about “young people” since forever.
Even worse, it’s a losing battle. Generation Y is huge. It’s one thing for boomers to verbally squash Generation X — that was no problem. Gen X is tiny and the baby boom was huge.
But in Generation Y, baby boomers have met their match. And in the demographic catfight of the century, Gen X aligns itself with Gen Y over baby boomers, which means that the workplace gripes boomers have about young people are going to be moot in a matter of years.
Generation Which?
So maybe the over-40 crowd should spend less time talking about trying to “bridge the generation gap” — which is really a euphemism for “get Gen Y to be more like us” — and more time celebrating the great things that Generation Y brings to the workplace. Gen Y isn’t going anywhere, and it’s not like they’re about to conform to baby boomer demands.
But before you continue reading, understand that the world doesn’t actually adhere to demographer datelines: The generation you fit into is more a function of the choices you make than the year you were born. So if you want to know where you truly fit along generational lines, take this test.
And if you want to know why baby boomers should ease up on Generation Y, consider the ways that these youngest workers are making life better for everyone:
1. They won’t do work that’s meaningless.
These kids grew up with parents scheduling every minute of their day. They were told TV is bad and reading is good, and are more educated than any generation in history. They just spent 18 years learning to be productive with their time, so they’re not going to settle for any photocopying/coffee stirring job.
But that’s good, because we all want meaning in our jobs, and we all want to understand how we’re contributing to the world at large. Why should anyone have to wait until retirement age to start demanding that?
These days, the workplace can be restructured so that we all do a little coffee stirring in exchange for each of us getting to do some meaningful work. And if work can be in some way meaningful for all of us, then the workplace in general will be a better place to spend our time.
2. They won’t play the face-time game.
We’ve known forever that it isn’t necessary to be in the office from 9 to 5 every day to get work done. But many of us have missed family events only to sit at a desk all day getting pretty much nothing done because of the stress of missing a family event. And there didn’t used to be any option — if you wanted a successful career, you made sure co-workers saw that you were putting in the hours.
Generation Y wants to be judged by the work they do, not the hours they put in. And what could be more fair than this? In fact, a good portion of the workforce has been requesting flextime for decades, but the requests have gone unheeded.
We have Gen Y to thank for forcing the switch, because if Gen Yers can’t leave the building whenever they want, they’ll walk out the door and never come back. Face the truth: Boomers weren’t willing to go that far, but they sure are benefiting from it. Now they have more opportunities for flextime, too.
3. They’re great team players.
If you’ve climbed a corporate ladder your whole career, then it’s probably inconceivable to you that Gen Y doesn’t care about your title. But it’s true — they don’t do rank. Chances are they saw their parents get laid off in the ’80s, so they know how ephemeral that special rung you stand on is and they don’t want to waste time trying to get there.
Generation Y played on soccer teams where everyone participated and everyone was a winner, and they conducted playground politics like diplomats because their parents taught them that there’s no hierarchy and bullies are to be taken down by everyone. And Gen Yers take these values to work — they expect to be a part of a team. Gen Y believes that no matter how much experience an individual has, everyone plays and everyone wins.
Maybe it’s annoying to you that you don’t get to be team captain, or worse, the bully on the playground. But you’ve read the Harvard Business Review’s decades of research on how essential workplace teams are and how older people have little idea how to be good team players, so relax: Gen Y is doing the teamwork for you. In fact, there’s no way to work with Gen Yers except on a team. They go to the prom as a team, so they’re certainly going to go to product reviews as a team.
That makes us all lucky. We don’t need any McKinsey person coming to our company for $10 million a minute telling us how to promote teamwork. We can just follow Generation Y.
4. They have no patience for jerks.
Generation Y changes jobs every two years, typically because the work isn’t a good fit, or the learning curve isn’t steep enough, or they don’t like their co-workers. And Gen Yers will disengage from a jerk before trying to get along with him or her, according to a report by Stan Smith, national director of Next Generation Initiatives at consulting firm Deloitte. They have no desire to bother with somebody they don’t like.
This is really how we all should function. After all, according to research by Stanford professor Bob Sutton, the cost of putting up with a jerk in a company is about $160,000. Moreover, Harvard researcher Tiziana Casciaro found that people hate working with high-performing jerks so much that they would rather work with someone incompetent who’s nice.
Nobody likes having to deal with jerks, but we’ve always believed it was asking too much to have a workplace full of decent people. Generation Y sets a new standard for this, and companies are having to dump jerks quickly or risk losing their ability to recruit and retain Gen Yers.
Don’t Fight the Future
So let’s get off our high horses and stop evaluating whether or not we like working with Generation Y. Its members have incredible leverage in the workplace right now, and they’re not going anywhere.
It’s time to admit that the workplace is changing and that we’re lucky to have a group as optimistic and self-confident as Generation Y leading the way.
When I discovered Deloitte has someone in charge of figuring out how to recruit and retain the new workforce, I knew I had to talk with him. It’s Stan Smith, and his title is Director of Next Generation Initiatives. I was amazed to hear how forward thinking he is in an industry known for being old and stodgy.
Based on his research, he wrote a paper called Connecting Across Generations in the Workplace. I could reference that paper every day. Here are some gems:
Gen X will finally have their moment: The shrinking workforce actually creates more demand for Gen-X than Gen-Y. The baby boomer retirement will create a 2% drop in the workforce among 24-34 year olds, and a 31% drop among 35-45 year olds.
Women will drive change in the consulting business: Women have more consulting-oriented skills than men do, they will make up the more than 60% of the workforce by 2010, and they will only work at companies that accommodate their need for flexibility.
Deloitte backs up the revolution with data: Deloitte’s data shows it is men and women in Generation X and Y. “The real revolution is a decrease in career ambition in favor of family time, less travel, and less personal pressure.”
I wrote about Stan in Time magazine, I wrote about him in the Boston Globe, and I put the articles on my blog, and every time I’d mention him, there was no link, which is so annoying to me. I scoured the web for a link to his paper, and I looked for his bio. Nothing.
I am not the only online publisher who is annoyed. I wrote about his study for my Yahoo Finance column that runs tomorrow, and my editor emailed me: “Why are you linking to Deloitte’s home page? Where’s the study?”
Nowhere, of course. Well, on Stan’s desk, probably. And in a lot of CEOs’ in boxes. But not online. And to a significant portion of the world, if it’s not online, it doesn’t exist.
So I’ve solved the problem. You can now download Connecting Across Generations in the Workplace right here. And I think this encapsulates where we are in the publishing world: A blogger publishing a document from the Fortune 500 in order to be able to link to it from future blog posts.
It turns out that money actually can buy happiness, but not a lot of it. At some point, well under $100,000, the happiness value of a dollar starts to plummet, according to Richard Easterlin, economics professor at University of Southern California. This is because social interactions impact happiness more than money does.
But here’s a new way to look at the money and happiness equation, from a new study by Nattavudh Powdthavee of the University of London: If you make sure to see a friend or relative in person almost every day, that is like increasing your salary by $180,000 a year.
However buying incremental happiness with a six-figure income is very costly. For example, Powdthavee says if you are going to relocate from a city where your family and friends live to a city where you have no family or friends, you would need to earn $133,000 just to make up for the lack of happiness you feel from being far from those people.
Powdthavee drives home the importance of making a conscious choice about your time when he writes, “Since it normally requires both time and effort to achieve either higher income or a stable social relationship with someone, the weight attached to each individual’s investment decision thus depends upon the type of possession — money or friendship — that he or she believes will yield a larger impact on happiness than the other.”
It’s great that Powdthavee does the money vs. relationship math for us, because as humans we are absolutely terrible at predicting what will make us happy and maybe shouldn’t even bother. For one thing, we are all likely to tell ourselves we’re happy, whatever we are doing, in order to justify what we’re doing. This is a fine predisposition for maintaining our sanity, but it’s not a great attitude to have if you are trying to figure out how to change your life to be happier. Our judgment about our own happiness is so bad that Andrew Oswald, economist at the Warwick University has written a paper that to calls for researchers to stop drawing conclusions based on asking people if they are happy.
So I recommend believing that the research is right and your personal predictions are wrong. But the caveat with all this money research is that when we ditch our relatives to take a high paying job, we’re not actually interested in the money, per se. It’s something else.
In a study where people make decisions about sharing money, Harvard University economist Terry Bernham showed that when it comes to money, we don’t strive for some idea we have of what is “enough” but rather to have a little more than our friends. The Economist describes Burnham’s study and reports, “What people really strive for is relative rather than absolute prosperity. And this is likely to be particularly true in individuals with high testosterone levels.”
The Economist concludes that this is totally rational behavior, because while more money has not been shown to get more sex, more money does buy the social status to have more choices for sex partners. So money isn’t an end in itself, but social status is, whether we like it our not, because it has been our means to preserve our DNA.
This explains the study that blogger Gautam Ghosh quotes showing that someone who is a gatekeeper for a hospital can be happier in their work than a doctor based on their perceived contribution to the community. And it also explains the drive to forgo a big salary to make art: If your art hangs in the Guggenheim, you get your choice of girls to go home with, even if your home is sort of shoddy.
So what can we do?
1. Recognize that you should make relationships your top priority. Really. Most of us say we do this, but many of us could not actually point to a time when we took a big hit in the money department just so we could preserve regular date night with our significant other.
2.Admit it’s an uphill battle to care less about social standing. But it’s worth it. The more you care about where you stand in relation to others, the less happy you’ll be. Social standing can take so many forms. Instead of patting yourself on the back for not buying a McMansion, be honest about the fact that you didn’t want one anyway. Understand how you measure your social rank, and try to tame it. For my part, I tell myself that if I check compete.com fewer times a week, I’ll be a happier person. (Maybe true. But look, I still linked to it.)
3. Trust the research when you are faced with a tough decision. Yes, all research is like diet research — one decade cheese is bad, next decade cheese is good. But just because the research is not perfect doesn’t mean you should go off and do whatever your gut tells you. Your gut tells you pizza is great and so is grilled cheese. But duh, it isn’t. And your gut tells you that you will be happier with a little more money, and you could relocate from family if you make sure to visit a lot. But you know what? Duh. You know the truth.
Hat tip: Senia Maymin
By Ryan Healy – People often ask why I decided to get into this whole career blogging world that I have come to love. Usually my answer is something about giving my generation a voice in the corporate discussion, or standing up for all of my peers and friends who openly discuss their bitterness towards work. These are true statements and they are some of the reasons I decided to make my voice heard. However, this is not actually why I started blogging.
One evening last fall my dad called. We often discuss random topics and potential business ideas. But this call was different because he was unusually excited. He went on a tangent about baby boomers retiring and Gen X being too small to fill their shoes. He told me about the shortage of experienced workers in the non-profit community, and the need for baby boomers like him to begin passing the torch to the younger generations.
I said, “I’m sure this is all true, but what can we do about it?”
My father said, “You and Dan (my brother and a budding entrepreneur) should write a book with Mom (a talent development expert in the banking industry) about the passing of leadership from today’s managers to generation Y.”
It was an interesting idea, and given my initial experience in the working world, I could see how bridging the gap in leadership is necessary. The book never happened. Who knows, maybe it could have worked. But what has transpired from that original idea has been pretty cool.
I studied the topic like crazy. I turned every happy hour conversation with a random peer into a learning experience, and I started writing. I probably spent five to six hours a day reading, writing and studying the topic on top of my 9-to-5 job. Then I started a blog to get some more insight and to make my voice heard. All of a sudden a famous columnist and author asked me to write a weekly column for her. I jumped at the chance.
For months now I have been writing about what I look for in a job, how I like to work, changes I would like to see. Many things I write seem to resonate with young and old alike, and of course, many people disagree with my posts, from all generations. I do not represent the views of an entire generation; it would be ridiculous to pretend I do. But that is why a blog is the perfect forum for this discussion; we can all have our say.
Sometimes the comments turn into a generational argument, and I will admit to getting a little heated and protective of my generation. Then I read comments like this one from Pirate Jo:
“The fact that today’s 20-somethings have all these options and don’t have to waste their youth on multiple, crappy jobs is a GOOD thing. I’d never want to stick them in the same situation I was in. In fact, I’m thankful for them. They’re saying the same things Gen X has been saying for ten years, but none of those damn old-school bureaucrats would listen to us because there were too few of us to matter. Now that Gen Y is joining our ranks, it’s going to make things better for ALL of us.”
After reading a comment like that, I remember that my goal was to create a dialogue, and in fact the whole idea came from a baby boomer father. I remember that I created Employee Evolution as an open forum for people to communicate with each other regardless of whether or not I agree with them.
The point of all of this is not to start an argument or to say that generation Y is better than others. We have been lucky enough to enter the job market at a time where we do indeed have the upper hand and we have the technology and means to speak freely about the topic. Some of the ideas I discuss can help us all, some will not work for everyone. If we all drop our protective guards and listen, including me, we can continue this great discussion. We can create some changes for the better; we can influence baby boomer managers to share their knowledge with generation Y and we can engage my generation enough to slow down and learn from the managers who want to help. Or we can just keep arguing.
Ryan Healy's blog is Employee Evolution.