Self-Employed Significantly More Satisfied With Jobs

Frustrated with your job? You might consider working for yourself. Self-employed adults are significantly more satisfied with their jobs than other workers. They’re also more likely to work because they want to and not because they need a paycheck.

But don’t count on becoming financially secure if you become your own boss. Self-employed men and women have virtually identical family incomes as other workers but they feel more financial stress, according to a recent survey by the Pew Research Center Social & Demographics Trends project.

Still, they like their jobs. Nearly four-in-ten self-employed workers (39%) say they are "completely satisfied" with their jobs, compared with 28% of all wage or salaried employees. And only 5% of all workers who are their own bosses say they are dissatisfied with their employment situation, half the proportion of other workers who are dissatisfied.

About 11% of all working adults ages 16 and older are self-employed, according to data collected by the federal government’s Current Population Survey. Their jobs vary widely, from small business owners and consultants to fishing guides and freelance writers. Included in the ranks of the self-employed are private contractors, artists, construction workers, day laborers, farmers and agricultural workers, as well as doctors, lawyers and accountants who practice alone.

Why do they work? Money is one reason — but it’s far less of a factor for the self-employed than for other workers. Nearly a third of the self-employed (32%) say the main reason they work is because they want to, compared with 19% of wage and salary workers. By the same token, the self-employed are less likely than other workers to say they hold a job because they need the money (50% vs. 38%). They also place a higher value on the intangible psychological benefits of working such as feeling useful and productive, and are more likely to say they are working to help "improve society" (55% vs. 46%).

Courtesy

Although this is a US-centric research, these inferences applies to all irrespective of the nationality since the WWW(and globalisation) has surpassed all boundaries.

The Big Five personality traits

In contemporary psychology, the "Big Five" factors of personality are five broad domains or dimensions of personality which are used to describe human personality.

The Big five factors are Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism (OCEAN, or CANOE if rearranged). The Neuroticism factor is sometimes referred to as Emotional Stability. Some disagreement remains about how to interpret the Openness factor, which is sometimes called "Intellect". Each factor consists of a cluster of more specific traits that correlate together. For example, extraversion includes such related qualities as sociability, excitement seeking, impulsiveness, and positive emotions.

More@Wikipedia

Why you must disconnect the negative terminal of your car battery first ?

Whenever you work on a car battery, always disconnect the negative terminal first and not the positive and when re-connecting, connect the positive first.

The reason is pretty simple: If you accidentally touch the engine-bay or any other grounded metal part of the car with the positive, nothing will happen. But if the negative terminal is still connected, and if you happen to touch any metal, it would result in disastrous consequences(which I don’t need to explain even to a high-school grader) since the battery will be conducting several hundred amperes.

Phunsuk Wangdung(3 Idiots) = Sonam Wangchuk

Here is an excerpt from The fourth idiot

The character Phunsuk Wangdung from 3 Idiots reminds you of Sonam Wangchuk, who fought against the education system in Ladakh. And won

I didn’t like the film 3 Idiots it was loud, preachy and presumptuous in the manner it delivered its message, assuming that the audience wouldn’t get it if the story were told any differently.
However, when I saw shots of the wood-panelled classrooms and an endless expanse of beige sand set against a familiar backdrop, I felt an instant head rush. This was the SECMOL (Students’ Educational and Cultural Movement of Ladakh) campus on Phey where I volunteered for five glorious months of my life.
It was the scene in the film where Aamir Khan’s character goes by the name of Phunsuk Wangdung, which I felt was based on Sonam Wangchuk, the man who founded SECMOL in ’94. Wangchuk, who flunked his class XII boards overcame the ‘failure’ and went on to become an engineer.

With SECMOL, he brought about reforms that completely transformed the Ladakhi education system. SECMOL strived to introduce Ladakhi as the medium of education as opposed to Urdu. When the system finally fell in place, the failure rate dropped as well. Ladakhi students, as expected, fared better and made more sense of the world around them when they were taught in their mother tongue as opposed to an alien language.

Wangchuk’s teachers too believed he was an idiot. Nothing had changed a decade later when he turned into an educator. Teachers refused to fathom why hundreds of students didn’t grasp lessons as easily as say, kids from Kashmir did. In early 2004, when I went to Ladakh to spend five of my most memorable months in the mountain paradise, it hadn’t yet turned into the tourist hub that it is now. Some of the students who I taught had never stepped out of their hometowns and villages and didn’t even know what a train looked like.

So imagine their Geography teacher explaining in Urdu what a stalactite in Ireland looked like. (Oh, but they did trip out on Floyd. And sang along to Time. Well, that experience didn’t involve passing or failing and I’d never felt a bigger high.)

Back to Wangchuk. The man didn’t throw clever one-liners to prove what a genius he was. It was all there for us to see. The Phey campus was designed so that it was completely self-sufficient. Wangchuk got onto the green wagon much before Copenhagen became bigger than a dot on the climate map. The entire campus, comprising 20-odd resident students and 10 faculty members, ran on solar energy. The buildings were built from mud, to stay warm during winter and cool in summer, and we never felt the need for a heater even when temperatures dropped to minus points.

This was the first time I saw a large-scale compost system in place. The compost was used in the substantially large vegetable patch in front of our cell rooms where some giant sunflowers also took root. We stayed quite happily in roughly 6×6 feet rooms called cell rooms for a while. I’m pretty sure we would have kicked up a fuss at our modest living arrangements anywhere else in the world, but not in Ladakh. Not when you open your door in the morning to look out at sunflowers and the overwhelming Zanskar range. Water was pumped up right from the Indus that ran a few hundred feet below.

The students pretty much ran the show whether it was stocking the pantry, fixing anything that’s fixable from light bulbs to printers. SECMOL also had a media centre that trained class XII dropouts to be rural media practitioners, complete with an audio visual set-up (and oh, we were plugged into G3s. I still remember my jaw drop when I looked at all the Macs neatly set up).

The media centre fuelled Ladakh’s only news magazine Ladags Melong. All the students I worked with did their best to contribute to the magazine. The most exciting bit for me, and any teacher would agree with this, was
that they were all so hungry to learn and were the sharpest young minds I’d ever known.

Wangchuk loves people he was always open to volunteers and people like me who wanted to break away from the rut to give teaching a shot, he encouraged management students to do their projects on campus and gives the students the best deal he can.

Along with his partner Rebecca Norman, Wangchuk continues to run SECMOL, with child-like enthusiasm and mad passion. There was never any preaching or stereotyping on campus. Plenty of that in 3 Idiots.

Why you should not work late ?

Mail sent by Narayan Murthy to all Infosys staff:

It’s half past 8 in the office but the lights are still on…
PCs still running, coffee machines still buzzing…
And who’s at work? Most of them ??? Take a closer look…

All or most specimens are ??
Something male species of the human race…

Look closer… again all or most of them are bachelors…

And why are they sitting late? Working hard? No way!!!
Any guesses???
Let’s ask one of them…
Here’s what he says… ‘What’s there to do after going home…Here we get to surf, AC, phone, food, coffee that is why I am working late…Importantly no bossssssss!! !!!!!!!!! ‘

This is the scene in most research centers and software companies and other off-shore offices.

Bachelors ‘Passing-Time’ during late hours in the office just bcoz they say they’ve nothing else to do…
Now what r the consequences. ..

‘Working’ (for the record only) late hours soon becomes part of the institute or company culture.

With bosses more than eager to provide support to those ‘working’ late in the form of taxi vouchers, food vouchers and of course good feedback, (oh, he’s a hard worker… goes home only to change..!!).
They aren’t helping things too…

To hell with bosses who don’t understand the difference between ‘sitting’ late and ‘working’ late!!!

Very soon, the boss start expecting all employees to put in extra working hours.

So, My dear Bachelors let me tell you, life changes when u get married and start having a family… office is no longer a priority, family is… and
That’s when the problem starts… b’coz u start having commitments at home too.

For your boss, the earlier ‘hardworking’ guy suddenly seems to become a ‘early leaver’ even if u leave an hour after regular time… after doing the same amount of work.

People leaving on time after doing their tasks for the day are labelled as work-shirkers. ..

Girls who thankfully always (its changing nowadays… though) leave on time are labelled as ‘not up to it’. All the while, the bachelors pat their own backs and carry on ‘working’ not realizing that they r spoiling the work culture at their own place and never realize that they would have to regret at one point of time.

So what’s the moral of the story??

* Very clear, LEAVE ON TIME!!!
* Never put in extra time ‘ unless really needed ‘
* Don’t stay back unnecessarily and spoil your company work culture which will in turn cause inconvenience to you and your colleagues.

There are hundred other things to do in the evening..

Learn music…

Learn a foreign language…

Try a sport… TT, cricket….. ….

Importantly, get a girlfriend or boyfriend, take him/her around town…

* And for heaven’s sake, net cafe rates have dropped to an all-time low (plus, no fire-walls) and try cooking for a change.

Take a tip from the Smirnoff ad: *’Life’s calling, where are you??’*

Please pass on this message to all those colleagues and please do it before leaving time, don’t stay back till midnight to forward this!!!

IT’S A TYPICAL INDIAN MENTALITY THAT WORKING FOR LONG HOURS MEANS VERY HARD WORKING & 100% COMMITMENT ETC.

PEOPLE WHO REGULARLY SIT LATE IN THE OFFICE DON’T KNOW HOW TO MANAGE THEIR TIME, SIMPLE !

Regards,
NARAYAN MURTHY

The 8 dumbest business decisions ever!

These dead-wrong determinations seemed like reasonable choices to somebody at some point. But time has exposed them as mammoth mistakes.

“Experience is the name everyone gives to their mistakes,” Oscar Wilde wrote. And so it can be said that business history has endured some tremendously embarrassing and shortsighted experiences.

At one point, a Texas tycoon looking to buy a software company decided that a young Bill Gates was asking too much for his startup, Microsoft.

In London, an experienced music executive felt that four young men from Liverpool, England, weren’t worth his record label’s financial backing.

Ten years ago, the chiefs of two major media companies thought their fortunes would be richer if they merged their operations. They could not have orchestrated a bigger flop if they had tried.

Read the rest…