Scales like the SWLS, however, take a more ‘subjective’ measure. By this I mean that the SWLS is more about how you feel and how you perceive your life than it is about simply looking at your material circumstances. This is what is particularly interesting about the research on happiness. Happiness is subjective.
We tend to think about happiness in terms of contentment rather than satisfaction. Contentment is more of a feeling of being ‘OK’. It is something that is more closely linked to positive emotions, positive meaning, and life satisfaction.
Also, it appears that happiness and life satisfaction are more closely related to subjective wellbeing than they are to objective wellbeing. This is the difference between the ‘subjective’ and ‘objective’ measures of well-being.
The SWLS was developed to measure happiness and sense of life satisfaction, but nevertheless has been developed into a general measure of subjective wellbeing. It is this that has been applied to the SDG index.
This scale, alongside the WHO-5 (Chen et al., 2006) and the Satisfaction with Life Scale (Diener & Diener, 1985), is very useful for measuring life satisfaction and being able to see where you are needing to change in your life. The SWLS is available for download at www.yorkswls.com/downloads.php (https://www.yorkswls.com/downloads.php) and can be used in your therapy as a measure of a client’s life satisfaction.
Results have shown that the SWLS has a strong correlation with a longer and more varied list of measures of life satisfaction, which is unsurprising considering the SWLS is a measure of the higher order construct of life satisfaction (Diener et al., 1985).
The SWLS is also a useful tool for clients in their own right. It assists people to identify areas of deficiency in life satisfaction, assisting them to focus on how to improve their lives in these areas.
Peer Group Questions – Think about the size of the private equity firm and the industry you are applying to. How did the firm decide to go with that size? Can you think of a situation where a firm would consider a different size? What kind of questions would you ask to determine whether a particular size or industry is right for you?
To decide which one should you opt for, one needs to look at the business as a whole. Doing so will give a better understanding of how the business functions, how profitable it is, how the management team is doing and what problems it might face in the future. It also helps to determine if there are any other reasons as to why you should or shouldn’t be interested in the company. Companies with a higher ROE are considered more attractive as well as have a higher Return on invested capital (ROIC). This helps determine if you need to invest in the company. 827ec27edc