Whether or not you should take a lower-paying job to be happier depends on your individual circumstances and needs. Here are some factors to consider.
Assess your financial situation and work out if you can afford the lower income. Think about your current expenses, debts, and savings. If taking a lower-paying job would put your financial stability at risk, you may need to think twice.
Consider your long-term career goals and how this lower-paying job fits into them. Will it provide good experience, skills, or connections that could lead to better opportunities in the future?
Assess how unhappy you are in your current job. If your current job is causing a lot of stress, burnout, or negatively impacting your mental and physical health, a lower-paying job that brings you happiness and improved well-being may be worth thinking about.
Consider the work-life balance offered by the lower-paying job. If it allows for more time with family, hobbies, or activities you enjoy, it can contribute to overall happiness.
Benefits & perks
Look at the overall compensation package, which includes benefits, perks, and work-related expenses. Sometimes, a lower salary might be offset by better benefits or reduced commuting costs.
Passion & interest
If the lower-paying job aligns with your passions and interests, it can be fulfilling in ways that go beyond financial compensation.
Work out if you are willing to make adjustments to your lifestyle to accommodate the lower income. This may involve cutting unnecessary expenses or finding more cost-effective ways to meet your needs.
Think about the potential for career growth and advancement in the lower-paying job. Will it lead to opportunities for more income in the future?
Side hustles or part-time work
If feasible, you can explore options for supplementing your income through part-time work or side hustles while pursuing a lower-paying job that makes you happier.
Prioritise your mental and emotional well-being. Happiness and job satisfaction can have a large impact on your overall quality of life.
Ultimately, the decision should be based on a balance of financial considerations and personal fulfilment. It's important to have a clear understanding of your priorities and how the lower-paying job aligns with your values and goals. Consider discussing your options with a career counsellor, financial advisor, or trusted friends and family to gain other perspectives and insights.
If you're unhappy in your current role and would like some guidance, click the button below to read our article on how to get your dream job.
Are you looking for a job?
Now that you know have some guidance on whether you should take a lower paying job to be happier, you should take a moment to check our current vacancies page.
At 11 Recruitment, we have a range of white-collar temp and perm jobs available. We're always on the lookout for top talent to place with our clients, so we encourage you to apply for any positions that are of interest.
If none of our current vacancies are right for you, you should register for job alerts. Then we’ll be able to notify you when we receive a position that matches your profile.