NOT SURE WHICH WAY TO TURN?
SHOULD YOU TAKE A LOWER PAID JOB?
When searching for a new job and the time starts to drag on and on, normally extending beyond three months, it is natural to begin to wonder if you should take a lower-level or lower paid job just to get some sort of paycheck again.
It's a sensible and an honest question but also a difficult one to answer. After working so hard to build a career and climb the corporate ladder, taking a step or two back, can affect more than your pride.
Some career experts will warn you against taking a lower-level job. They will advise you to hold out for a better offer that will better advance your career and not set you back a step, or three. Clearly, this is not an issue when you need a money to keep a roof over their head and food on the table. It doesn't matter what job you get, just as long as it's honest and helps pay the bills.
There is a strong argument that taking a lower-level job can be a smart career move, especially if it prevents you from being unemployed for more than 12 months, and with the economy as slow as it is, 12 months of unemployment is not unrealistic.
Its a simple but realistic outlook. You may want to consider positions at a level lower. You will increase your chances of getting a job sooner if you keep your options open and consider lower-level positions in addition to relocating and switching industries. This advice goes for executives too. There is an expression that says; 'A' class talent always rises to the top. Clearly, holding out for the perfect or even a comparable job opportunity in this economy may be even more risky than taking a step or two back.
Its OK to hold out for a perfect or promoted post for three to nine months. Even up to a year can be acceptable and justifiable, but if you're out of a job for 12 to 18 months, you're in danger of devaluing your skills and marketability. Today's business moves so fast and there are so many changes and new regulations, new laws and new competitors arriving on a 7-by-24 basis that being out of the market and out of touch for 12 or more months, is a big gap to jump.
The dilemma is; If you spent some of the time you were unemployed doing contract or short term consulting work would this mean that you were still in touch with the business world? Taking on short term and consulting projects definitely will help, for a number of reasons but it's important to take on projects that will help you gain the knowledge and experience that will help you get a promoted post. Also, employers tend to consider these projects as part of a job seeker's portfolio, if they are made aware of them by you.
The down side could be; If you, as an experienced executive, picked up a consulting contract managing a company's payroll, a prospective employer may not consider this as suitable experience, a diversion away from, and dilution of your normal key skill sets. Thus, they may look disfavourably upon your application as an IT executive. They may not think it was at a high enough level and would have preferred to see you working on a more strategic project.
In conclusion; Diversify by all means but be mindful of what contracts and consulting projects you take on. It may seem to contradict my earlier recommendation to seriously consider lower-level jobs, especially if money is tight but consider the circumstances well and do not forget the overall perception that may be given out by some positions, with respect to new employers. They may not see it as a positive move for your career.
Some career experts will warn you against taking a lower-level job. They will advise you to hold out for a better offer that will better advance your career and not set you back a step, or three. Clearly, this is not an issue when you need a money to keep a roof over their head and food on the table. It doesn't matter what job you get, just as long as it's honest and helps pay the bills.
There is a strong argument that taking a lower-level job can be a smart career move, especially if it prevents you from being unemployed for more than 12 months, and with the economy as slow as it is, 12 months of unemployment is not unrealistic.
Its a simple but realistic outlook. You may want to consider positions at a level lower. You will increase your chances of getting a job sooner if you keep your options open and consider lower-level positions in addition to relocating and switching industries. This advice goes for executives too. There is an expression that says; 'A' class talent always rises to the top. Clearly, holding out for the perfect or even a comparable job opportunity in this economy may be even more risky than taking a step or two back.
Its OK to hold out for a perfect or promoted post for three to nine months. Even up to a year can be acceptable and justifiable, but if you're out of a job for 12 to 18 months, you're in danger of devaluing your skills and marketability. Today's business moves so fast and there are so many changes and new regulations, new laws and new competitors arriving on a 7-by-24 basis that being out of the market and out of touch for 12 or more months, is a big gap to jump.
The dilemma is; If you spent some of the time you were unemployed doing contract or short term consulting work would this mean that you were still in touch with the business world? Taking on short term and consulting projects definitely will help, for a number of reasons but it's important to take on projects that will help you gain the knowledge and experience that will help you get a promoted post. Also, employers tend to consider these projects as part of a job seeker's portfolio, if they are made aware of them by you.
The down side could be; If you, as an experienced executive, picked up a consulting contract managing a company's payroll, a prospective employer may not consider this as suitable experience, a diversion away from, and dilution of your normal key skill sets. Thus, they may look disfavourably upon your application as an IT executive. They may not think it was at a high enough level and would have preferred to see you working on a more strategic project.
In conclusion; Diversify by all means but be mindful of what contracts and consulting projects you take on. It may seem to contradict my earlier recommendation to seriously consider lower-level jobs, especially if money is tight but consider the circumstances well and do not forget the overall perception that may be given out by some positions, with respect to new employers. They may not see it as a positive move for your career.
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