Should You Take A Pay Cut To Be Happier?

What is more important job satisfaction or pay?

To some, money is more important, but to others, job satisfaction can a top priority.

Research shows that most employees believe they would be happier if their job will embrace more of their personal interests, including a better salary..

Why is having a good salary important?

Yes, good wages can lead to job satisfaction and earning enough to make a living is important, but they aren’t the only reason employees find satisfaction in their jobs. It’s important to pursue a field that gives you personal happiness because if you can obtain a good pay, but you are not happy, then there’s no point.

Should I take a lower paying job with less stress?

Lower pay does not necessarily mean less stress or less work. But it always means less pay. Taking a lower paying job is a bad move when: You’re staying in the same industry but moving backward with the same or more responsibilities.

Is it worth it to take a pay cut?

It may be worth a cut in pay “to gain a new set of skills and experiences that will broaden your skill set,” says Trellis Usher, founder of HR company T.R. … In these situations, it’s usually a longer-term play to take a cut in pay so you can make a significant jump in pay after 18 to 24 months.”

What to do if you hate your job but need the money?

So … you’re unhappy with your work, but the money is too good to jump ship….Find out what is really making you unhappy — your job or your career. … Bolster your savings. … Figure out what you want to do next. … Work up the courage to quit. … Find support. … Set small goals.Have faith.

What is an easy career that pays well?

Here are 25 fun and low-stress career paths to consider.Audiologist. Average Annual Salary: $77,420. … Art Director. Average Annual Salary: $101,990. … Dental Hygienist. Average Annual Salary: $72,720. … Geologist. Average Annual Salary: $106,900. … Food Technologist. … Librarian. … Technical Writer. … Biostatistician.More items…

Is it OK to take a lower paying job?

If you’re out of work and you need money to pay the bills, it’s better to take a lower-paying job than to have no job at all. “There are fewer jobs out there and you may not only have to take less money, you may end up having to take less job,” Courtney says.

Should I take a lower paying job to be happier?

Taking a lower-paying job doesn’t mean you will always be paid less than you were before you took the job. … If the lower-paying job does not provide you with these opportunities, it is probably better to stay in your current, higher-paying role.

How do you survive a pay cut?

With any pay cut, it is important to carefully consider when and how you are going to cut back on your lifestyle.Create a New Budget. Richard Elliott / Getty Images. … Cut Back on Your Discretionary Spending. … Look for Ways to Save on Your Necessities. … Don’t Short Change Retirement or Savings. … Think About Your Long-Term Goals.

How are pay cuts calculated?

Calculating a Pay Decrease by PercentageFirst find the decimal value of the percentage decrease. … Next, multiply your original hourly wage by the decimal value of the percentage decrease. … Subtract the previous value from your original hourly wage and you’ll get your new hourly wage amount.

When should you not take a pay cut?

1. You are putting in a lot of hard work into your job: If you think that you are someone who is putting in a lot of hard work into your job and that there is no reason why you should not be paid a bigger sum, then you should not hesitate before you do not accept the pay cut.

Should I choose a job for money or happiness?

Happiness is an opinion, but facts do show that high wealth is no guarantee to happiness. However, choosing the more satisfying job could be the most beneficial choice in life if you’re willing to put in the time.

Should you take a job just for money?

Don’t do it. “While taking a job that has a high salary may sound like it will improve [your] overall quality of life, it actually may do the opposite if you don’t love what you’re doing,” says Freudenberg.

How do I choose a career I love?

Do what you love: How to choose a career path that will bring you…Think about what you’re passionate about. Start by considering all the things you’re passionate about in life. … Ask your friends and family. … Incorporate your skills. … Remove money from the decision (within reason)

How does salary affect job satisfaction?

To enhance employee motivation which will increase the employee productivity, the relationship between pay practice and job satisfaction is very important. According to wage efficiency theories states that paying high can increase the productivity sometimes. As it has a great effect on employee turnover.