Sunday 2 June 2013

Weighted decision making


Weighted Decision Making Matrix

Weighted decision making in designed to take some of the emotion out of deciding about a new job or career options.  In this model you determine what criteria are important to you in a job. It is important to think about all the factors that would affect your decision like amount of time it takes to get to work, reporting relationships, business travel etc. Once you have determined those factors you then choose weights for those factors.

Case study- Sue
In the following example we find Sue who is trying to decide whether to leave her job. She has a young daughter who has some health problems that require a number of doctors and specialists appointments. Sue wants to not only spend time with her daughter but also be able to schedule appointments in a consistent manner. For her hours of work and work life balance are the most important factors. She gives those factors a 9. Pay and benefits are the next most important factors so she ranks those as 7s. What is not very important to Sue is vacation time, since she only wants to work four days or less a week. She gives this factor a 4.

The weights are the same when evaluating both the current and future position.

The potential new job pays a little bit less than she makes right now and has the same hours of work as she presently has. Since it is a new job she will have the opportunity to learn new things.  In her current job she is an administrative assistant, but she was trained as a graphic artist. The new job allows her to use these talents. Her present job has a company benefits the new job has no benefits at all. She has discussed her family needs with the potential employer and they have agreed that she can make up time that she misses when she has appointments that can’t be rescheduled on her day off.  She would be going from three weeks vacation to 4% vacation pay and a predetermined vacation schedule. Sue is not sure which job is the best job for her. She uses the weighted decision model.



Sue’s Current Job
Job Option A








weight
raw score
Total
weight
raw score
Total
Criteria






Pay @ least $25/hr
7
10
70
7
8
56
Less than 30 hours/wk
9
10
90
9
10
90
Learning opportunities
5
5
25
5
6
30
Recognize & use talents
5
2
10
5
8
40
Company paid benefits
7
10
70
7
0
0
Vacation
4
7
28
4
3
12
Work life balance
9
7
63
9
10
90
Less





318
Fear (how afraid are you to change?)




5
5
Change (how much will it upset your life)



5
5



356


308

Sue subtracts how afraid she is of changing on a scale of 1 to 10 as well as how much the change will disrupt her life from the new job. (There is no change if she stays in her current job).

Based on how she assessed each job, she is better to stay at her current job. With Company paid benefits weighted heavily she will most likely always need to find a job with benefits in order for it to be the right job.

This model can be difficult because you need to assess what you really want and how valuable it is to you in relation to other factors. It allows you to see the trade offs you are making in tangible numbers.




Current Job

New Job


weight
raw score
Total
weight
raw score
Total
Criteria





































































Less






Fear (how afraid are you to change?)






Change (how much will it upset your life)









0


0