You mean the opposite is true.
I guess that's why I put the phrase after "the opposite ain't true"... anyway thanks everyone.
You're referring to backward-bending supply curve of labor[1].
[1] http://en.wikipedia.org/wiki/Backward_bending_supply_curve_o...
I'm sorry I don't know exactly what studies he was referring too, but I'm highly inclined to believe what he was saying and it would agree with what you are saying.
What you really want to do is to get people to order them, rather than just vote on them.
Luckily I am in a position wherein I can choose my jobs.
I dont want things that are ALWAYS challenging, or so hard as to leave me frustrated an unaccomplished at the end of the day. But I dont want an endless monotony of crap.
As such, it surprises me that compensation and challenging work go above it. Even if I were being paid $200,000 a year to do cool work, if I had to deal with mega social and management issues, if I had to stay there I'd be deeply unhappy.
(Of course, the flip side is if the perfect environment offered a salary of, say, $10000 a year, that might be just as useless.. which makes polls like these a bit pointless really).
I think you need to look at it relatively. Given an average job, would you rather get an extra $10,000 a year or have a corner office? Would you rather have two of your friends in the team or work on Ruby-on-Rails rather than Java? (in your case, I believe it would be odd for you to accept a Java job in the first place...) Then again, you can argue that it depends on how much more money we're talking about.
But I don't think it makes the poll pointless. It still gives you an idea (vague, granted) of the community. (even though I'm surprised that compensation comes first so far)
http://blog.pmarca.com/2007/10/the-pmarca-gu-1.html
"Once you have picked an industry, get right to the center of it as fast as you possibly can."
"Every job, every role, every company you go to is an opportunity to learn how a business works and how an industry works."
When you're young, you should always trade income risk and get to the center of the action ASAP and decide which "businesses" you want to learn. For example, if you want to start a enterprise software company, you would work at SAP.
This is only for you're very ambitious. If you're not, focus on the compensation, challenging work, environment, etc that everyone talks about. The fact is if you're doing a startup, you learn about the business from being in a company in the space. (SAP spun out of IBM, Salesforce/PeopleSoft/Siebel from Oracle, YouTube/Slide/Geni/Yelp/Linkedin from Paypal (all consumer internet), etc).
You stay in that job for the team, the environment (not sure how those two are different) and the product (it's your baby by now).
You should leave when the work is no longer challenging.
For example, Fog Creek's offices look awesome. But if you don't care much about Joel, the atmosphere might not work for you.
Looking at the rest of the options, that's what I think at least. If that's not the intent for "Environment/Atmosphere", something like that should be added then, because that can play a big role. A spacious office with views and Aeron chairs is always better than a small windowless room sitting on a pizza box, everything else being equal.
Accept = A x compensation + B x environment + C... + H x responsibility... + ... Z unknown factors + $alpha$ Hidden factor 1 + $beta$ Hidden factor 2
Step 1: Ignore all factors beyond H. Fair enough, given how you're framing the question with respect to only these variables.
Step 2: Compare several jobs and then what, minimize the errors, and find the largest coefficient, ignoring any and all covariates!?
After that, challenging work is the idyllic and romantic answer. But damn, that compensation sure is alluring.
Oh, and lots of money. That'll take the edge off of horrible work any day of the week.
But in that situation, team definitely won out. Sure, the environment itself sucked, but you hardly noticed because of the group atmosphere.
The latter might be preferred since it gives you the choice of what to do with that extra $5k, but it gets tricky if you're nearing the contribution limits.
I take both into consideration.
Not at all. The 5% match goes into the 401(k). The 5% extra salary doesn't.
Note that 401(k) match also isn't subject to SS or medicare.
Pay matters only as a signal.