Conquer your student debt. Refinance now.
Congratulations, Class of 2016. More than three million of you will add a bachelor’s, master’s, or doctorate degree to your resume this year, according to the National Center for Education Statistics. Now it’s time to launch and enter the working world.
At Earnest, we recently conducted a survey of 1,005 people from ages 18 to 44 across the United States about how they found their most recent job — and what made them happiest on the job once they had it. Here’s what the data said.
The shorter the length of a job search, the happier you might end up feeling about the job. Job searches of more than a year are associated both with less happiness and lower income. That said, people at higher household income levels (above $75,000) are also most likely to have job searches on the longer side (one to six months), likely because there are fewer jobs as you rise in the ranks.
They call it “climbing the ladder” for a reason. People who use personal connections and previous internships to get a job are happier, according to the survey.
People who negotiated their last job offer — or made a deliberate decision not to negotiate because they were happy with their offer—report being substantially happier than people who either forgot to negotiate or who were overly going with the flow. The takeaway? Be deliberate. The more actively you play a role in the outcome, the happier you may be compared to taking a more passive stance.
More money or more working remotely? Our survey results show that both are important things to negotiate for, but salary and equity (or other financial incentives) nose ahead of other factors when it comes to happiness with your job.
However, also, consider seeking or negotiating for a job that has more vacation/schedule flexibility or, more training/advancement opportunity, or support for remote work. These are the things people are most likely to care enough about that they’re willing to give up 10% of their salary.
The bottom line
A new job is likely to generate a wide range of emotions. However, people who are happy with their job did these above things, according to the data. In sum: Don’t delay in your job search, use your personal networks, and then ask for what you want. Good luck out there!