Job hunting is nothing short of a roller coaster ride.
You have your long stretches where it feels like you are constantly networking, sending out résumés, and keeping attuned to the job market. But, nothing appears to be happening. No calls for interviews, no offers — it’s all very frustrating.
Then comes the a flurry of activity with job interviews. You prepare your answers and you feel like you are cramming for an exam as you try to learn as much as you can about the companies you will meet with in the coming days. And then, nothing again.
Just when you are ready to throw in the towel, you get a job offer! And a couple hours later, you get another offer! Later that afternoon, another company is very interested in interviewing you!
While this is a very good position to be in, it can also be very stressful. How do you make a decision? Money is generally a big consideration. But how big of a role should it play?
A couple posts regarding money have shown up on my social media feeds lately that give much food for thought. This one was from Matt Cheuvront (@mattChevy):
When thinking about Matt’s musings, how many folks pass up the opportunity to do “awesome work” because they want to earn more money now? And, when considering the great Emerson quote that Mark provided, what is the cost of chasing after money in this situation?
I know that money is important for the basic necessities of life, but it can lead to bad judgment regarding career decisions. Here are four reasons why you shouldn’t let money be the primary force dictating the direction of your career:
1. A company’s offer now may be high just to get you in the door. This is sad when it happens: a company works really hard to recruit you. They offer you a salary that can’t be matched by other prospective employers, so you go for it. But once they have you, raises are paltry and you end up making at or below the going rate for your field in short order.
2. The knowledge and experiences gained at the job with highest salary now don’t position you to maximize your compensation in the future. Sure, things look great at the present time financially, but what if the job only has experiences that are cursory to your field? Where will that put you in 3/5/10 years?
3. Good pay can’t necessarily make up for bad benefits. The full compensation package matters. Think about it — that choice pay isn’t going to mean as much if you are paying $500 for your monthly health insurance premium, copays are through the roof, and you don’t have much in the line of other benefits.
4. The job may not really be a good fit. Money can blind us to the reality of a situation. “I can do anything as long as I am paid enough,” you may reason. Unfortunately, the satisfaction derived from your salary will diminish over time and can leave you with regret.
How often are choices made based on the salary that’s offered? Have you made a decision that came at a high cost, like losing out on a dream job?
Does this article resonate with you? Let’s work together for you and your career!