Category Archives: Compensation

The reality is, we all manage performance through compensation!

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There is one compensation list that I love! I’m a big fan of college football and each year the various media outlets will release the top-paid college football coaches. Here’s what it currently looks like:

Okay, let’s do the breakdown and we can see where performance management through compensation is working and not working!

#1 and #2 – Dabo Swinney (Clemson) and Nick Saban (Alabama) – for the past few years have been at the top of college football polls and winning national championships, so it seems like they are positioned pretty well. I don’t think anyone could argue Nick belongs on top, but’s he’s doing just fine!

#3 – Jim Harbaugh (University of Michigan) – he’s won about 70% of his games, but has no Big Ten Championships and no national championships, and can’t be U of M’s biggest rivals on the regular. He would be fired by any company in America because he’s overpaid by so much it’s almost obscene.

#4 Jimbo Fischer (Texas A&M) – He’s really Jim Harbaugh, Jr.

#5-#7 – Georgia, Auburn, Texas – Probably where they should be, for Georgia and Auburn especially. Texas is doing well this year but has had recent struggles, but trending up.

#8 – Jeff Brohm (Purdue) – I’m assuming he’s got pictures or emails of something or someone he shouldn’t because he is way overpaid, maybe worse than Jim Harbaugh! At least U of M gets publicity out of Jim. I wouldn’t know Brohm if he walked past me with a Purdue shirt on that said, “Coach”!

#9 – #11 – Oklahoma, Florida, Penn State – all in line with performance and pay, for the most part. I’m not sure how Penn State came back so quickly from the Sandusky thing, but eventually, we’ll see an ESPN Outside the Lines on how that happened and the second fall.

#12 – Pat Fitzgerald (Northwestern) – I guess if you charge $68K a year for tuition you might as well overpay your head coach by a number of 2345 times what you should.

#13 – Mike Gundy (Oklahoma State) – For the pure entertainment he puts on the field, I would say he’s at where he should be for pay, even though, his team isn’t close to being the 13th best in the country.

#14 – Scott Frost (Nebraska) – FROST Warning! Which means basically nothing. What you see in Nebraska overpaying for a coach is what happens when you go after the young up and comer! “We want the best salesperson from our competitor!” Okay, but it’s going to cost you and they’ll probably have worse results with you.

#15 – Willie Taggert (Florida State) – About where he should based on potential, recruiting, etc. Maybe a bit of an overpayment based on the knee jerk reaction to losing Jimbo Fischer to Texas A&M.

#16 – Charlie Strong (South Florida) – I failed at Texas, but coaching there gave me a giant personal brand and you’re desperate for a big-name coach. Get ready to overpay!

#17 – #19 – TCU, Iowa, and Kentucky – TCU, and Iowa are right in line with pay and performance, Kentucky needed a big name and plays in the best conference in football, so you’re going to overpay a bit to get yourself to average.

#20 – Chris Petersen (Washington) – Underpaid. His teams consistently perform and rank higher than pay rank.

#21 – David Shaw (Stanford) – In line with pay (see Northwestern) – probably needs Jim Harbaugh back to recruit for him because David was awesome when he had Harbaugh recruits!

#22 – Ryan Day (Ohio State) – Get ready for a big raise, big fella! Underpaid, but new, so you get away with it for a little while.

#23 & 24 – Will Muschamp and Mark Dantonio – paid in line with performance. You know I’m a huge Sparty guy, but Coach D is basically paid in line for what’s he’s produced. Some great years, but mostly a 20-25 ranked team, that has Ohio State, Penn State, and Michigan all in their conference each year. South Carolina is basically Michigan State with better weather.

#25 – Paul Chryst (Wisconsin) – Might be the most underpaid coach in Division 1, but they are like, where’s he going to go? Arkansas!?! Nope, so you consistently exceed expectations and we’ll consistently underpay you!

See what I mean!?

Taking a look at how NCAA D1 coaches are paid is just like looking at the compensation of your team. It’s part science, part art form, mostly guessing. Basically, compensation pros are all overpaid, because they truly have no idea what they’re doing and get pushed around too easily by folks with influence in your organization to make dumb decisions and you end up with a list as you see above!

Hit me in the comments on where your coach is on the list and if you think they are paid fairly for the market, or unfairly!

 

 

 

Who are the best companies to work for? And why?

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I don’t put much stock into “Best Company to Work For” lists. That said, the data provided by Universum in there World’s Most Attractive Employer Report is pretty cool and gives you some insight on how you can help move your organization in the right direction.

What’s wrong with the best places to work lists?

  1. It only measures those employers who actually do the work to be considered for the list.
  2. It’s based on data that someone, other than yourself, decided was criteria for being a great place to work. And that might not align with what your org considers to be a great place to work, or the talent you market to, etc.

All that being said, I find that organizations, every single one who tries out for these lists, probably care about their employee and candidate experience at a pretty high level. Are they really the ‘best’ place to work? I don’t know, but they’re trying and that’s more than most of us can say!

So, who are they?

So, you can already see the bias, right? Tech, Business services, big brands. There isn’t one company on the list you haven’t heard of. Doesn’t that seem strange? You mean in the top 50 companies in the WORLD, there isn’t one company we haven’t heard of who is just great? Well, it’s the “World’s 50 Most Attractive”, so the one thing about being “attractive” is you’re probably known, when it comes to lists like these.

What makes you an “Attractive” employer? 

1. The ability to have high future earnings (you can make a lot of money) – 49.1%

2. You’ll get professional training and development – 43.8%

3. The job is secure (you won’t get laid off) – 39.1%

4. Working for this brand will help your career in the future – 38.8%

5. You have the ability to be creative – 38.7%

6. The company is successful within the market they compete in – 38.5%

7. The company encourages you to go home once in a while – 38.2%

8. You like the people you work with – 38.2%

9. You have leaders who support and they know how to develop talent – 38%

10. Competitive base salary – 37.6%

Anything pop out at you from the list?

What about #1 and #10? Oh, so, really base salary doesn’t mean anything, as long as I make a lot of money from what I’m doing!?! Turns out we release research and data for a reason. If you’re trying to sell employer branding software, it’s important for employers to understand it’s not about how much you pay because at that point you don’t need a brand, you need to pay the most.

But, it’s not what this data says. Like all modern research around this topic, what you make, is significantly more important than things like ‘being developed” and having “challenging work”. The person has to know and understand that financially this will work out very well for me, and then, all the other stuff becomes important once that question is satisfied.

You can not act like the most important thing on the list (#1 – High Future Earnings) is really that different than the last thing on the list (#10- competitive base salary). Those things are married at the hip if we have any inkling about basic compensation theory on where someone starts their career in base salary vs. the impact that has on future earnings, in the millions of dollars, going forward.

Let’s face it, as an employer you want to be able to deliver each of the ten things on the list in a really good way. If you do, you will not have trouble attracting talent or keeping your best talent.

7 Things to Never Say When Asking for a Raise…But You Always Wanted To!

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Columnist, Jeff Haden, wrote an article called “Ten Things You Should Never Say When Firing an Employee“  in which he tries to give good advice, in typical HR fashion of over-reducing risk, in how you should speak, or not speak, to an individual regarding their near termination.  As you can imagine, there were the classics:

  • “Look, this is really hard on “me”!”
  • “We’ve decided to make a change.”
  • “Compared to Mary, you just aren’t cutting it.”
  • If there is anything I can do for you, just let me know.” (Okay, how about giving me my job back, idiot!)

 

Among a few others, including the most recent classic of firing employees via email, which is just unimaginable, for those HR pros who struggle with conflict, Haden nailed pretty much all the normal things we would tell hiring managers not to do or say. The question then really comes down to thanks for the info, now what should I be saying to someone when I fire them?  The article probably would have been better served here – but that would have been difficult and thought-provoking – and taken more than 13 minutes to write.

The piece did get me to thinking about certain conversations in our work lives that cost people the most anxiety, besides the above example of having to terminate someone, having to go in and ask for money was, on my list, the next most anxious work conversation I could come up with.  I can think of many times that I wanted more money, though I was deserving through results to get more money, and heck even our good old Comp people said the market should be paying me more money, and still, it is a difficult conversation to have with your superior (at least for me).

Like many, I think I do a good job, give my best effort, produce great results and after all that, do I really need to ask? Shouldn’t my boss get it and just want to write me a blank check? I mean really!

So, here are the lines that you would like to say when asking for more money – but probably shouldn’t – if you really want more money:

1. “If you pay 10% more, I will really put in some extra effort!” – So what you’re saying is you’re not putting in extra effort now…

 

2. “I looked in our HRIS system and I know Sheila on the 5th floor is making $5000 more than I am – and she’s an idiot!” – Not the best strategy to look at others’ private comp information, even if you have access, then call them an idiot – at least in my experience…

 

3. “If you don’t pay me more money, I’ll be forced to find another job that will pay me what I worth” – Be careful, I’ve tried this one, and they might call your bluff!

 

4. “I’ve done the math and if you fire Mike, I can do his job and mine, you save $50K, after giving me $25K of his $75K salary” – This actually might be a really good idea, But Mike might be the last one standing with the $25K raise, not you!

 

5. “I really don’t understand how you can be worth $50K more than me, I do all your work – and deserve more money” – Bosses just love to hear they are overpaid, don’t do anything, and you can do their job – NOT!

 

6. “I saved the company $1 million in reducing recruiting fees, by implementing a social media strategy successfully, I should at least get a fraction of those savings” – Why, yes you should – if you were in sales, but you’re in HR, and this was part of your job description. Sorry for the wake up call – all employees aren’t treated equally – put on a helmet.

 

7. “I know times are tough, so I was thinking instead of more money you could give me an extra weeks vacation or pay for my health insurance or something else like that.” – Okay, Einstein, stop thinking – it’s all money. Vacation, health insurance, paid parking, lunch money – it all hits the bottom line on the income statement. You just showed how expendable you really are.

 

I’ve learned over the years, through trial and error, okay, mostly error, that many, if not all, of the above statements, just don’t seem to have the impact that I was hoping for with my supervisor.  I have seen others, who I will not name, who performed well, gave it their all, and were dedicated to doing their best for themselves, their co-workers and the company, and showed a little patience who actually did very well in both the raise and promotion category.

Supervisors are as uncomfortable as you are to have the compensation conversation mainly, because if you are as good as you profess to be then they really do want to give you more but probably can’t due to the budget, the economy, they like your co-worker even more, etc. The reality is you have to follow what Yoda would say – Patience my young Padawan…

College Students: Are you adding your side-hustle to your resume!?

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I got killed a few weeks ago by some trolls on Twitter over posting this tweet:

I get that many people need to work side hustles to make ends meet in today’s world. I wasn’t talking about these folks working their butts off to make ends meet. I myself work side hustles.

In today’s #outrage culture, this tweet was seen as insensitive by some folks who spend way too much time on Twitter and not enough time on their professional role! Also, I’m clearly not Gary Vaynerchuk, the king of hustle porn, who could tweet this exact tweet and get 5 million likes before the end of the day!

Turns out, Recruiters are now encouraging college students to put their side hustles on their resume and profiles. Why? Because employers actually really like candidates who aren’t afraid to work! It’s the #1 thing that executives tell me when we talk about their pain points around hiring. “Tim, we just need people who want to work!”

So, what are the top side hustles you should be adding onto your resume and profiles? The folks at The Knowledge Academy did a survey and found these were the most popular:

  • 85% of US recruiters recommend those college students who buy items from garage sales and then sell them online for a higher price, to include it on their resume/job applications
  • 67% of US recruiters believe college students that create/modify products to sell online, should have it on their resume/job applications
  • 60% of US recruiters think college students who offer photography services for hire, encourage stating it on their resume/job applications

I really think as a candidate, any skill you believe adds to your overall value as an employee should be something you add to your resume and/or profile, but just know that some HR/Talent/Hiring Managers will look at this in different ways. If you’re an engineer and you’re also driving for a ride share service, you probably need to explain why the full-time gig isn’t enough. “I’m also supplementing my income with weekend and evening ride share to help pay off my student loans quicker!”

The survey found that –52% of recruiters feel companies who know an employee has a growing ‘side hustle’ should take an active approach to support them (i.e. offering flexible working hours). Um, what!? So, Mary is our accountant and we love her, but she also has a growing cupcake business on the side and I should give her time off to go do that and not fulfill her duties in a full-time role? I’m not sure I 100% can buy into this philosophy from a business standpoint!

I would probably go back to that employee and ask them if they started their own business, like this side hustle, and had to hire folks, who then wanted to not work their ‘real’ job, but put more time and effort towards their own thing, how would that sit with them? I already know the answer. They want and need workers who are committed and get their jobs done like everyone else.

It’s definitely a different world we live in. Side hustles become full-time hustles for so many folks. I definitely see this when someone is working a full-time gig that they hate, and a side hustle that they love. Like Gary V would say, you need to then adjust your lifestyle to fit your side hustle, and not your full-time gig if that’s what you desire to do. What you can’t do is think just because you love petting puppies, doesn’t mean you can do it full-time without giving up some stuff. It’s hard to make those Tesla payments on a puppy petter salary!

Job Descriptions vs. Job Postings with @LRuettimann and I (Video) @HRTMSInc #SHRM19

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Laurie Ruettimann and I discuss the differences between a job description and a job posting and review a great piece of technology called, JDXpert, we did a demo on. Check it out!

HRTMS Inc. is a human resources software company that specializes in Job Information and Description Management. Its groundbreaking solution JDXpert allows you to bring structure and efficiencies to the way job information is constructed, managed and stored. HRTMS works with a wide range of organizations including manufacturing, healthcare, education, retail, finance, pharmaceuticals, energy, technology, hospitality, professional services, and media services. Since its release in 2010, JDXpert continues to be the most comprehensive and powerful job description management tool on the market.

HRTMS is allowing Laurie and I to give away a free Ebook – “10 Ways To Improve Your Job Descriptions”! (Just click on the link to download!)

 

8 Types of Recognition that Suck!

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I run a small business.  When I need to know something, I usually reach out to my employees and find out what they think.  It’s not some big fancy ‘research’ survey with thousands of responses, but it’s real.

Recently, I wanted to know what people might want in terms of a recognition award.  Ironically, what I found goes against some big fancy research done by recognition companies who are in the business of selling the crap on the list below, crazy how that works in the research game! Anywho, what I found wasn’t surprising to me.

Here’s the list of the Top 8 things my employees don’t want when it comes to Recognition Awards:

1. Anniversary Pins! If you give me one of these I will stick it back in your eye! “Hey, Tim, Thanks for 10 years! Buddy, here’s a pin!” A What!?!? I’ve given you ten great years and you’re giving me a pin. Is this 1955?

2. A Plaque. Or any other kind of trophy thing. If I wanted a trophy to show me that I’m a salesperson of the year, you hired the wrong person. JayZ said it best “we can talk, but money talks, so talk more bucks”.

3. Corporate logo wear. Giving out corporate logo wear as a form of recognition screams you have executives that haven’t actually spoken to an employee in the last twenty years!

4. A watch. Wait, if it’s a Rolex, I’ll take a watch. If it’s a Timex you better ‘watch’ out, I’m throwing it at someone! Nothing says we don’t really care about you like a $50 watch with it engraved on the back ‘You Matter! 2019!’

5. Luggage. The ‘experts’ would like you to believe that your employees would really ‘appreciate’ luggage because it’s an item they don’t normally like to spend their money on. The reason why people don’t like to spend their money on luggage is that it gets destroyed after one trip through O’Hare! That’s just what you want to see coming around the luggage carousel – “Hey, look, honey, it’s your employee of the year award all ripped up and stained”. Sign and symbols.

6. Fruit Baskets. First, most people don’t want to be healthy or we wouldn’t have the obesity problem we have in our society. Second, people like chocolate, candy, salty snacks, and diet soda. If you want to send food, send food they’ll actually eat!

7. A Parking Spot with Their Name On It. This goes bad two ways: 1. I drive a $100K Mercedes and you don’t, now you know I drive a better car than you and it’s awkward; 2. I drive a beater and I’m embarrassed to let everyone know I make so little I can even afford a 2014 Chevy Cobalt.

8. A Hug! Wait! I totally want a hug! Just not a creepy hug. You know what a creepy hug feels like when you’re about 13 seconds into it and the other person won’t let go! But nothing says “we recognize you” in the totally wrong way, like inappropriate hugs at work!

What do employees want?

Well, that’s an entire another post, but my 20 years of HR ‘research’/experience shows people want for their peers and leaders to appreciate their efforts. Nothing says ‘we truly care about you’ like having one of your peers tell you in some sort of way. When teams can do that, they become special! It might be a quick handwritten note, a face to face meeting in the hall, etc. It really doesn’t matter the avenue of how it comes, it just matters that you have the culture that it does come and it’s encouraged to keep coming.

Should Employees Have to Payback Payroll Errors?

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So, an in the trenches Recruiting and HR Pro, Kristina Minyard (@HRrecruit on the Twitters) brought up a really great question last week, that had a pretty big response. Kind of a black and white response, meaning you either were in one camp or the other. (BTW – go connect with Kristina – she’s a passionate HR pro who puts a ton of time into being a great HR pro)

Here’s her question:

This really isn’t a staffing agency question, which Kristna knows, but this was the specific example, it’s a payroll and employee relations issue that happens at all organizations, big, small, public, private, etc. anytime there’s a payroll mistake.

What are the two sides? 

Side 1 – It’s a company mistake, so the company should eat it.

Side 2 – It’s a mistake. It’s not the employee’s money. It should be paid back.

Which side do you fall on?

I’m guessing most of you would need more information. A situation like this needs details, right? Well, you don’t have any. You have the tweet, so what would your professional HR decision be?

What side did I take?

I’m fully and completely in the camp of – a mistake was made, the money should be paid back. Since this is my blog, I’ll lay out my argument!

1. By law, you can’t actually take the money out of an employees paycheck. The employee would have to sign an agreement, agreeing to have this money taken out of future checks in whatever payback schedule was agreed upon.

2. I look at this in a couple of ways. First, if the IRS overpaid you by $10,000 on your tax return, you would be legally obligated to pay back that money to the government, or you would be put in jail. BUT WAIT! It wasn’t my mistake! Yeah, so, you don’t get to keep the money it’s not yours! Second, if you underpaid an employee, do you think the employee would go, “it’s okay, I know it was a mistake, I’ll eat it’. No! Of course not, that’s ridiculous. So, why then should a company have to eat it? Because of a mistake?

3. It seems like the amount plays into this. Come on, Tim, we are only talking about $200 bucks! Just forget it about and move on. I have my SHRM-SCP and I’m 100% sure there was some stuff on the exam that talked about setting precedent. Precedent is a simple concept, although not always easy for employers to follow. It all boils down to this: what you do for one, you do for all. So, if payout this amount (to this white, male employee), but then we decide not to pay it out to another employee (a black, female) what do you think might happen? I’ll tell you in court.

4. So, if you agree with #3, you either have to pay it back every single time or never. Or, you need a payroll mistake policy that says, “if we make a payroll mistake less than $X dollars per week we will eat it, but any mistake over $X per week we will request repayment through a signed agreement”.

5. What if the employee refuses to pay back the mistake if the decision is made to request they pay it back? My answer? You fire them (this got me called “evil” – not by Kristina). Legally, if an employee is made aware they were mistakenly given money that isn’t there’s. Then they refuse to return it. You can fire them for cause, and because they were fired for cause you can without unemployment insurance benefits. Evil or not, that’s just the reality of the situation.

6. In a one-off situation, it seems ridiculous that you would ask for repayment and possibly go all the way to terminate this person for refusing to pay back the mistake. In an organization with hundreds and thousands of employees, where bigger mistakes, affecting more people, could be made, this seems very normal.

So, I’ll tell you I have had this exact situation happen many, many times in my career at organizations large to small, across many states, and never once have I had an employee refuse to pay back money that wasn’t really their money, to begin with. While it sucks, they understood. And part of that communication is letting them know, “this sucks, we’ve discovered a big mistake, and now we, together, have to figure out how to do what’s right”.

Kristina and I were on different sides of this. That doesn’t make her wrong and me right, or I’m right and she’s wrong. This is real HR. In HR, it’s our job to evaluate the risk of every situation an organization will face and advise on that risk. In Kristina’s analysis of this situation, she feels the risk is low and the employee shouldn’t have to pay back the mistake. In my experience, I feel it should be. Both, actually, could be the right answer, or the wrong answer. Welcome to the show, kids!

Okay, let me have it in the comments! What would you do in this situation?

Career Confessions of Gen Z – The Holy Grail of Benefits

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Welcome to the reboot of Career Confessions of Gen Z! I started this in 2018 with my Gen Z son, Cameron, and the response was off the charts. So, in 2019 I found 8 great Gen Z HR, TA, and Marketing pros to continue the Gen Z content. Enjoy! 

The early members of Generation Z have entered the workforce and the rest of the 61 million Gen Z’s are on their way. A big question that employers have been asking regarding this generation is, “What do we offer to attract them to our company?”.

To attract and retain this generation, many companies have been altering their benefits and internal culture to be more appealing. More and more companies are now offering things like a flexible work-life balance schedule, remote work days, casual dress codes, a 401k match, advancement and rotational opportunities, and etc.

While those benefits are appealing, only 4% of companies are offering the most attractive benefit that will not only attract Gen Z candidates, but will generate major employee loyalty. That benefit is Loan Forgiveness Assistance.

CNBC reported that eight in 10 workers with student loans say they would value in working for a firm that provides extra dollars for student debt repayment.  I find it hard to believe that number isn’t 10 out of 10!

In the U.S, people collectively owe $1.5 trillion in student debt. Most of that student debt belongs to Millennials and early Gen Z’s. An additional $1.27 trillion in new federal student loans is estimated to be added between now and 2028 by Gen Z. This generation is going to find themselves in the same debt situation as Millennials as tuition rates continue to rise.

Student debt is a real, growing problem that employers can help reduce and that we want them to help us reduce.

Not only is contributing toward student loan debt a major perk for employees, but it also ensures employee loyalty and retention. By offering this benefit, employers are giving their employees an awesome reason to never leave their company and to want to work their asses off for them.

I have a few Gen Z friends that are in companies that have some sort of student loan repayment assistance in place and I can tell you that they never plan on leaving those companies. The fact that the companies make contributions towards their student loans was also one of the major reasons they chose to work at their companies. They scored the holy grail of benefits when they accepted their jobs!

There are a few different ways in which employers can offer loan forgiveness assistance. To learn more about what other companies are doing and how student loan repayment assistance programs have been mutually beneficial for employers and employees, consider reading the following links:

A 401(k) Twist on Student-Loan Aid

Student Loan Repayment Is The Hottest Employee Benefit Of 2018

How Student Loan Debt Impacts Your Employees

Student Loan Repayment: The Job Perk Of The Future

Hallie Priest is a digital marketer for HRU Technical Resources, a leading engineering, and IT staffing firm based in Lansing, MI, using her skills to create content to serve all involved in the job seeking/hiring process. When she is not strategizing campaigns, going over analytics, or talking about her dog you can find her at the nearest coffee shop fueling her creativity. Connect with her on LinkedIn: www.linkedin.com/in/halliepriest


What’s the most luxurious benefit you can offer an employee in 2019?

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I read a bunch of article about what’s the next greatest benefit to offer employees. I read one the other day that tried to make it seem like now offering food at work is normal, like everyone is giving away breakfast and lunches, like you give away health insurance.

It’s the one thing I hate about reading mainstream media HR articles. Apparently, the only employers in America are located in the 50 square miles around Silicon Valley. Do you really think I believe that the majority of companies in America are giving away free food to their employees?

Come on, that’s not happening!

If you are lucky enough to work for a place that feeds you, great you won the job lottery, enjoy it! If they offer you Kombucha as well, then I’m just sorry for you, because that means they hate you.

What’s the #1 luxury benefit to offer in 2019?

It’s Time.

Time is the one thing every single one of us needs more of. For many it doesn’t even have to be paid time off! Just allow me some time to do some of the stuff that impacting my life, so I can better focus on work when I’m at work.

But of course Paid Time is always appreciated.

I know some employers have gone to unlimited paid time off and studies have shown that when organizations go to this their overall use of paid time off actually goes down. This is a sad commentary on our society.

I know a lot of HR friends of mine argue this can’t be the case because it seems so contrarian to what you would think would happen. “If I had unlimited time off I would never come in and just be on vacation every day!” Okay, Betty, and you would be fired!

The reality is unlimited time off is the answer, because psychology it doesn’t work. Some have the self control enough to use it appropriately, but most people fear that taking time off will somehow impact their performance, so even when they do take their unlimited time off, they still are connected, working in some way.

I know of a few organizations that completely shutdown for a week or two completely. Notice out to clients – “hey, it’s our annual refresh the batteries, 100% of us will be off and not connected, we can’t wait to come back fully recharged to rock your world”. I like the idea but get it probably impractical for so many organizations.

I think the best thing we can do as leaders is to ensure our people are actually taking their paid time off and when they do they know that it’s okay to completely disconnect. That we’ll have their back and to enjoy themselves.

I wonder how many of your leaders pull quarterly or annual reports of PTO to see if their team is taking time for themselves?

Want to make more money? Do what your spouse does!

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I rarely find a person who believes they don’t want to make more money. “No, I’m fine Tim, no more money for me! I make $75,000 per year and you know what that one study says, it’s all I need to be happy!”

Good for you pal. I prescribe to different study that says if you make $175,000 per year, you’ll be happier than at $75,000, and if you make $1,750,000 you’ll be so much more happier than at $75,000 per year you’ll actually hire two people making $75,000 per year to tell you how much happier you are!

A recent study out of Princeton shows that if you want to make more money all you really need to do is be in the same profession as your spouse!

“Individuals who work in the same occupation as their spouse have significantly higher earnings on average than similar people whose spouses work in different occupations. For instance, a lawyer married to a lawyer makes more than an otherwise identical lawyer married to a physician or a teacher. The earnings effect associated with such “same-occupation marriages” is negative for less-educated men but positive for other groups and stronger for women than men.” 

So, let’s unpack this concept a bit:

  • I can understand that if I worked in the same job as my wife, let’s say we are both teachers. We would be a bit competitive (editors note: my wife and I, and our kids, are super competitors!) in our careers. We would both strive to be the best teacher with the most awards and education, continuing to push each other to reach the highest levels.

So, the concept makes sense so far.

  • I could also assume that two people in the same profession, let’s say doctors, would also be more willing and able to start their own business in that profession. It’s hard to hang your own shingle, but two of you and now you have a practice!

I really struggle to find how this doesn’t work in most cases. When I worked at Applebee’s we constantly had partner teams and it was rare that either partner failed. If your partner worked in your same profession, you constantly have this close person to share your pain, frustrations, celebrations, etc., with someone who truly understands!

All of this is predicated on finding a spouse that loves to do what you love to do, professionally.

Did this study just uncover a hidden secret to successful relationships? I’m not sure, but it makes sense that if you love what you do and find a partner who also loves that same thing, and you are both pushing each other to be successful, and because of that you both earn more money, well then, that relationship at least has a chance!

What do you think? Could you do what your significant other does? Would you like if they did what you did?