What is the right choice then- big salary of permanent job? There are
pros and cons to both the situations. At the end of the day, it all
boils down to your priorities. Let's take a closer look at both the
options.
Very often, people with high salaries were the ones who were
fired. Those with comparatively lower salaries were retained. The
economy is still unpredictable, with many parts of Europe still reeling
in the aftermath of the global recession.
It
is a conundrum which many have faced before. A big salary does seem
lucrative to start with. However, many times, it comes with the risk of
job security. The recent global recession of 2008 is example enough of
that. in a bid to cut costs and stay afloat, many companies resorted to
job cuts.Big salary versus permanent job
- If it is just a job for you-
Sometimes, you have to do a job for the sake of survival. For example,
if a person wants to be a musician but does not have the financial
support from his family, he would have to do a job in order to sustain
himself, until he finds a break. In such a case, a job isn't a career
option for him. It is just a job. Thus, a big salary would be more
preferable for him than a permanent job. With a big salary, even if he
gets fired, he would have plenty with him in order to sustain himself
and go after his passion.
- If fast growth is what you are after- Big salaries can almost
guarantee fast growth, financially, as well as professionally. If you
are looking for fast growth in your career,
you have to take the risk of a big salary. If you are lucky enough, the
risk will pay off. If you are not, well, it's just a part of the game.
- If you have long term plans- Many people have long term
plans. They want to have a nice house of their own, give their sons or
daughters the best of education etc. If you have long term plans too, it
is wise to settle for a more permanent job than risk going for high
salary. With a relatively permanent job, you are sure of a certain
amount coming to your bank account every month. With that surety, you
can plan your financials better with your long term plans in mind.
- Whether a brand is more important for you- Sometimes, people dream of working with a certain organization. For example, for some techies, working with Google is a dream come true. However, when working with prestigious brands like Google, you may have to compromise on the financial bit in these uncertain economic times. Again, it boils down to your priorities. If a brand is more important to you than financials, you may have to bid adieu to high salaries.
The recent trend
According to a recent survey conducted by a staffing firm, most employees are looking for companies which offer better job security.According to the survey, more than 60% of employees are giving preference to a more secure future than a higher salary. This is in contrast to the trend about 5 years ago when salary and benefits ranked as one of the top criteria for candidates when looking for jobs.
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