When competitors come calling, include psychic income - Albuquerque Journal

When competitors come calling, include psychic income

Jeanine “J.T.” Tanner O’Donnell is a career coach and the founder of the leading career site www.workitdaily.com. Dale Dauten is founder of The Innovators’ Lab and author of a novel about H.R., “The Weary Optimist.”

Dear J.T. & Dale: I’ve been working for a startup for a little over a year now. It is starting to take off and getting noticed by competitors. I have had two different companies reach out to talk to me about jobs. My startup never had me sign a non-compete. The founder is awesome, and she truly believes that if you want to go work someplace else, you should. I absolutely love it here, except the pay is not ideal. I know if I was to stay here long-term the place is going to be really successful, but these companies are offering me double the salary. Advice? — Belinda

J.T.: As someone who is the founder of a startup, I can understand your boss’ position. I also do not have my employees sign non-competes; rather, I just hope that they would never want to go to a competitor, and if they did, and I started to see that they were using ideas that they gained from our company, then I can tell you I would never give them a professional recommendation. If future employers were to call me, I would be honest and say that I was not happy with how they left the organization. Job seekers need to understand this. It’s not just about your performance at the job; it is also about how you choose to leave and what you do afterward. My advice is for you to go out and find some other job opportunities that aren’t in conflict with your current employer and see if they’re willing to pay you double your salary — then, you’ll know your worth. I would also suggest talking to your current boss about future income potential. Staying with the startup can pay off big time if you love what you do and you’re happy.

DALE: Your comments call to mind a phrase you don’t hear anymore: psychic income. The concept is that your rewards are not just monetary, and, unlike salary, many can’t be quantified — it’s the energy, camaraderie and the belief that your work matters. It sounds to me that you have a lot of psychic income where you’re working. Is what you have worth giving up double the money? Maybe not. But, also consider salary longer-term: Where is it going to grow? Project out five years of income, both monetary and psychic, before making the decision.

Best of career resources

DALE: It’s time for new career resources, and I want to send you to Indeed.com. In the small print near the bottom of the homepage, there’s a link to “Hiring Lab.” Inside this cornucopia of workforce information, there’s a new publication called “Indeed & Glassdoor’s Hiring and Workplace Trends Report 2023.” It will change how you think about the latest New Economy. Take, for instance, the section on shrinking workforces in many countries. The “working age” population in the U.S. is projected to decline by 3.2% from 2026 to 2036. Then, get this: Japan’s total population is expected to shrink from 128 million in 2010 to below 100 million by 2050. Even China will have a declining population. This continues to amaze me, someone who grew up in an era when books like “The Population Bomb” (yeah, “bomb”) had predicted overpopulation doom for the planet.

J.T.: Sounds interesting, but the big news is that Dale has a new book out. Well, new and not new. It’s an updated and expanded version of his beloved “Max Strategy,” now reborn as “Experiments Never Fail.” But the best part is the book’s subtitle: “A Guide for the Bored, Unappreciated and Underpaid.” That sums up what so many of our readers are facing — it isn’t that they can’t get a job, it’s that they aren’t motivated or even engaged. And here’s a book of wisdom of how to transform work into creative energy that turns the workplace into a laboratory for experimentation. The late Dave Thomas, founder of Wendy’s, said of the original version, “I hated to see it end.” That’s the highest praise for any book, and I found it more true now.

Jeanine “J.T.” Tanner O’Donnell is a career coach and the founder of the leading career site www.workitdaily.com. Dale Dauten’s latest book is “Experiments Never Fail: A Guide for the Bored, Unappreciated and Underpaid.” Please visit them at jtanddale.com, where you can send questions via email, or write to them in care of King Features Syndicate, 628 Virginia Dr., Orlando, FL 32803.

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