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Question : Decision Matrix
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This is "one" of those open-ended questions that will have many possible answers. Instead, I'd like to get some pointers for research.
Ok, I'm trying to find a "flexible" tool (Excel, online, etc) that would allow me to built a decision matrix for job criteria... resulting in the best possible informed decision (given supplied subjective input).
I already have an Excel decision matrix; however, it only takes financial statistics (e.g. Net Present value of a project, etc) into consideration.
Instead, I'd like to find a tool that allows me to easily create a decision matrix/method including the following criteria (just to name a few):
- salary
- benefits
- location
- commute to/from work
- benefits
- career opportunities within company
... and so forth
I understand that this is not a simply plug-and-play process. So, the tool should allow me to perform comparsion such as "benefits are e.g. twice as important as commute time"; "commute time is more important than location", etc.
Does anyone know where I could find such a readily available decision matrix tool?
EEH
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Answer : Decision Matrix
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ExpExchHelp,
In my view it is not a good idea to put weightings on any individual factor relating to the advantages or disadvantages of joining a company. My reasoning is that weightings are arbitary and confusing. It is far better to boil down a factor to its monetary value as estimated by you. By doing that you automatically weight everything by its monetary value to you.
For example, even the paid holidays you get have a straight monetary value to you. You are paid whilst on holiday so if you have 25 days' holiday and you're paid 100,000/year then 25days' holiday are worth 25/365*100000. Likewise for all the other factors if you think about it carefully you will be able to put monetary values on everything. Even career opportunities within the company, you can evaluate monetarily. Of course there are or might be other advantages to good career opportunities - again, put a monetary value on them.
So with all that in mind - have a look at the atteched file for an easy summary.
Hope it helps
Patrick
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