On the surface it’s something to be embarrassed about. Many things in life drive us to make tough choices, and the lower level job results from one of the situations.
- Economic conditions
- Financial situations
- Career changes
- Lifestyle changes
Before you find a job and accept the lower level position consider the following:
- Location. Lower jobs are usually accepted because it’s close to where they live. Moving is hard for families and you may not want to leave because of sentimental value.
- Cost of living. Getting a job in a big city doesn't mean it's the best idea financially. Factor in monthly rent, food, gas, utilities and other expenses to see if the deal is worth it.
- Taxes. Everyone pays federal income tax. Most states have state income tax, but the few that doesn’t get their money through taxing other things. States also have county, city, property and grocery tax. Make sure the money can cover all this with some extra remaining.
- Bonuses. Some companies offer less money but make up for it with bonuses or an incentive. Evaluate bonuses to see if making more money is better than taking less money with a bonus or incentive attached.
- The company. The company may offer more money, but the atmosphere is not friendly. Working under miserable conditions and begging for a check you're supposed to receive isn't worth it because the pay is better. You'll quit first.
- Long-term goals. Lower jobs are great if it helps you reach long-term goals.