LONG HOURS, THOUSANDS OF EMAILS AND NO SLEEP: DOES THIS SEEM LIKE A JOB THAT SATISFIES? While
Question:
LONG HOURS, THOUSANDS OF EMAILS AND NO SLEEP: DOES THIS SEEM LIKE A JOB THAT SATISFIES?
While the 40-hour workweek is now the exception and not the norm, some people are taking things to the extreme. John Bishop, 31, is an investment banker working for the global energy team of Citigroup in New York. A recent day of work for the Bishop was to head to the office for a conference call at 6:00 p.m. He left the office at 1:30 a.m. and had to be on a plane. that same morning for 9:00 a.m. for a performance in Houston. After the presentation, Bishop he returned to New York the same day and at 7:00 p.m. was back in his office to work three additional hours. Bishop says, " I might be a little skewed to the workaholist, but in reality, having 90 to 100 hours a week is not at all uncommon. " Irene Tse, 34, heads the government's trading bond division at Goldman Sachs. during Ten years, has seen the stock market go from all-time highs to levels of recession. Such fluctuations can mean millions of dollars, either in profit or loss. "There are days when you can do a lot and other days when you lose so much that you are impressed by what you've done," says Tse. She also says she hasn't fully slept to through the nights in the year and you frequently wake up several times during the night to control the situation in the global market. Your average workweek? Eighty hours. "I've done this for 10 years and I can count on the fingers of one hand the number of days in my career when I didn't want to go to work. Every day I wake up and can't wait to get here."
Kurz, Tony, 33, is managing director of Capital Alliance Partners and raises funds for the real estate investments. However, these are not its properties on average. He often travels to Exotic places like Costa Rica and Hawaii, looking for potential customers. Travel more than 300,000 miles a year, he usually sleeps on airplanes and treat jet lag. Kurz isn't the only one who has a schedule of work so hectic. His girlfriend, Avery Baker, records about 400,000 miles a year, working as Senior Vice President of Marketing for Tommy Hilfiger. "It's not easy to maintain a relationship like this, " says Kurz. But do Kurz and Baker love their work? I think so. David Clark, 35, is MTV's vice president of global marketing. His work often it consists of traveling the world to promote the channel, as well as to keep up with the scene world musical. If you're not traveling (Clark typically logs 200,000 miles a year), a typical day is to wake up at 6:30 a.m. and immediately respond to many messages that have been posted. accumulated throughout the night. He then goes to his office, where throughout the day he will respond to another 500 messages more or less from customers around the world. If you're lucky, you get to spend an hour a day with your child, but then it's time to get back to work until you finally go to bed around the midnight. Clark says, " There are a lot of people who would love to have this job. They are calling the door all the time. So that's the motivation." Many people resist the idea of a working week of 60 hours or more constant time of travel and little time for anything else. However, some people are elated by such professions. According to the Bureau of Labor Statistics, in 2004, about 17% of managers he worked more than 60 hours a week. But the demands of these jobs are not clearly for everyone. Many resigned, with turnover levels at 55% for consultants and 30% for investment banks, according to Vault.com. However, it is clear that this type of work that it is time consuming and often stressful, they can be satisfying for some people.
instructions
Answer the following questions:
1. Do you think that only certain people are attracted to this type of work, or is it the characteristics of the jobs themselves that are satisfactory?
2. What characteristics of these jobs could contribute to a higher level of job satisfaction?
3. Since the four individuals we just read tend to be satisfied with their positions of work, how could this satisfaction relate to your performance at work, behavior citizen and rotation?
4. Recall David Clark's statement, "There are a lot of people who would love to have this job. They're knocking on the door all the time. "How could perceptions of having a job that many others want Clark to contribute to job satisfaction?
Economics of Strategy
ISBN: 978-1118319185
6th edition
Authors: David Besanko, David Dranove, Mark Shanley, Scott Schaefer