Ever wondered why people trade down for a job when they are
already settled in a high-profile job that pays them quite well?
Many people trade down for a variety of reasons that include
long-term career opportunities, change in lifestyle, job
security, less stress, family reasons and so on.
Choosing to take a new job that pays less but offers advancement
possibilities and a chance to learn new skills can be a tough
call. However, some people view losing a bit of compensation a
small price to pay when taking into consideration long-term
career and lifestyle benefits.
When looking at a new job opportunity, always consider the
complete compensation picture - not just the salary. Instead,
look at the new job's smaller salary package in light of the new
role that it offers and other such benefits such as vacation,
paid time off and other lifestyle-enhancing advantages. Here are
some of the reasons that people may trade down for a job:
* Long Term Career Opportunities - In many cases, the long-term
career opportunities in a new position might be better than your
current one. If the new company is providing you with an
opportunity to excel and if you will end up in a better
financial condition over time, then it makes sense to consider
trading down.
* Lifestyle - When changing jobs, most people are willing to
trade compensation for a better lifestyle. For example, some
people wouldn't mind getting paid less if they could live in
their preferred area. This is very important for professionals
who are looking to settle down in a particular area and who are
okay with taking a pay cut to do so. Having more time for family
also plays a big role.
* Less Stress - Many people have started accepting jobs that pay
less or offer them lower positions so they don't have to deal
with constant pressure and stress. Stress is one of the biggest
factors why people leave their jobs and choose lower-profile
jobs. Stress can lead to health problems and is directly related
to low job satisfaction.
* Job Security - Most people leave jobs that are not very secure
- and they accept jobs that may pay less, but offer greater
security. If your current company is outsourcing a lot of work
and is losing money, a new job at another company might have
brighter long-term prospects. Most people would rather work for
less money than be unemployed.
* Over 50 And Wanting 'Less' In Life - There are many 50+
citizens who are trading down for jobs that are less stressful,
more convenient and give them more job satisfaction. Most of
them say that at that age they want less in life and are happy
with taking a job that pays less and keeps them happy, rather
than dealing with a high-paying, high-pressure job.
If you are unhappy in your current position, or simply want more
time to live the lifestyle that you want, trading down might
just be the answer you've been looking for. It might be the best
decision you'll ever make.
About the Author:
A leading expert in the employment search industry, Heather
Eagar is passionate about providing working professionals with
up-to-date, reliable and effective employment help and tools.
Heather created the Ultimate Job Search Experience for job
seekers at JobsCareersEtc.
