Taking a Paycut For New Job

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angelcrystal85

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Hi Everyone!

I am currently working at a big company making a good decent amount of money. I took this job over a year and a half. I also have a great title too. I have learn so much and I feel I have developed my biggest potential. But the problem is in this town I dont have a social life (is a very rough city), my friends and family live 2 hours away. I been feeling lonely and very depressed. My job is also high stressful because I have big responsabilities and Im always pressured to go above and beyond. My boss is very arrogant and wont talk to the people they report to him because we are not in the same level like him. Im always afraid of him and I get alot of anxiety because he can sometimes come off as abusive. I saw a job post closer to home, I applied, interviewed and got the job. They are waiting for me to accept. Is a lower level position, pays $10k less, they dont do 401k match but stock options instead. But I get the sense is less stressful and the lady Im going to report to seems very nice. Also if I moved back I will only pay $500 a month in rent as oppose to $1350 Im paying for an apartment. But I work so hard to be at the level I am now, at the same time senior level positions are highly stressful. I want to focus my free time in developing my relationship with God, because my relationship is not the best right now. Right now Im 32, I realized career is not everything but spending time with God, family and friends is. Let me know what you guys think 🙂
 
Sometimes you have to take a step back or a step sideways to take steps forward again. You are young, you have plenty of time and ability to move up in this new company. A $10K decrease isn’t that much, especially considering the large cost of living difference and stock options are awesome.

There is more to life than money and prestige.

I took a 30% pay cut between my last job and current job. Went from for profit to non profit. Was it a big hit? Yes. Was it the right thing for me? Yes.
 
angelcrystal85 said:
Hi Everyone!

I am currently working at a big company making a good decent amount of money. I took this job over a year and a half. I also have a great title too. I have learn so much and I feel I have developed my biggest potential. But the problem is in this town I dont have a social life (is a very rough city), my friends and family live 2 hours away. I been feeling lonely and very depressed. My job is also high stressful because I have big responsabilities and Im always pressured to go above and beyond. My boss is very arrogant and wont talk to the people they report to him because we are not in the same level like him. Im always afraid of him and I get alot of anxiety because he can sometimes come off as abusive. I saw a job post closer to home, I applied, interviewed and got the job. They are waiting for me to accept. Is a lower level position, pays $10k less, they dont do 401k match but stock options instead. But I get the sense is less stressful and the lady Im going to report to seems very nice. Also if I moved back I will only pay $500 a month in rent as oppose to $1350 Im paying for an apartment. But I work so hard to be at the level I am now, at the same time senior level positions are highly stressful. I want to focus my free time in developing my relationship with God, because my relationship is not the best right now. Right now Im 32, I realized career is not everything but spending time with God, family and friends is. Let me know what you guys think 🙂
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I was a little negative about this, until I noticed the bit about rent. Did you notice that $850 X 12 = $10,200? So the two jobs are actually essentially equivalent.

I think you ought to counter-offer for a bit more (if that’s done in your field). Even $2k more a year could make a big difference in quality of life for you.

Good luck!
 
angelcrystal85 said:
Hi Everyone!

I am currently working at a big company making a good decent amount of money. I took this job over a year and a half. I also have a great title too. I have learn so much and I feel I have developed my biggest potential. But the problem is in this town I dont have a social life (is a very rough city), my friends and family live 2 hours away. I been feeling lonely and very depressed. My job is also high stressful because I have big responsabilities and Im always pressured to go above and beyond. My boss is very arrogant and wont talk to the people they report to him because we are not in the same level like him. Im always afraid of him and I get alot of anxiety because he can sometimes come off as abusive. I saw a job post closer to home, I applied, interviewed and got the job. They are waiting for me to accept. Is a lower level position, pays $10k less, they dont do 401k match but stock options instead. But I get the sense is less stressful and the lady Im going to report to seems very nice. Also if I moved back I will only pay $500 a month in rent as oppose to $1350 Im paying for an apartment. But I work so hard to be at the level I am now, at the same time senior level positions are highly stressful. I want to focus my free time in developing my relationship with God, because my relationship is not the best right now. Right now Im 32, I realized career is not everything but spending time with God, family and friends is. Let me know what you guys think 🙂
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On a cost of living adjusted basis, you’re at parity just based on the rent differential. Run the numbers on the long-term income and development opportunities with both roles.

You’re also wise to know that “success” isn’t just about title and salary. Your happiness, personal satisfaction, and family relationships are all really valuable, even if they don’t have an easy dollar value assigned to them.

Good luck and God bless as you make this decision!
 
Xantippe said:
I was a little negative about this, until I noticed the bit about rent. Did you notice that $850 X 12 = $10,200? So the two jobs are actually essentially equivalent.

I think you ought to counter-offer for a bit more (if that’s done in your field). Even $2k more a year could make a big difference in quality of life for you.

Good luck!
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Right, Even if they say no, jump at it. Life’s too short to work for an abusive boss.
Seriously.
 
angelcrystal85 said:
Hi Everyone!

I am currently working at a big company making a good decent amount of money. I took this job over a year and a half. I also have a great title too. I have learn so much and I feel I have developed my biggest potential. But the problem is in this town I dont have a social life (is a very rough city), my friends and family live 2 hours away. I been feeling lonely and very depressed. My job is also high stressful because I have big responsabilities and Im always pressured to go above and beyond. My boss is very arrogant and wont talk to the people they report to him because we are not in the same level like him. Im always afraid of him and I get alot of anxiety because he can sometimes come off as abusive. I saw a job post closer to home, I applied, interviewed and got the job. They are waiting for me to accept. Is a lower level position, pays $10k less, they dont do 401k match but stock options instead. But I get the sense is less stressful and the lady Im going to report to seems very nice. Also if I moved back I will only pay $500 a month in rent as oppose to $1350 Im paying for an apartment. But I work so hard to be at the level I am now, at the same time senior level positions are highly stressful. I want to focus my free time in developing my relationship with God, because my relationship is not the best right now. Right now Im 32, I realized career is not everything but spending time with God, family and friends is. Let me know what you guys think 🙂
Click to expand...
Sooo… the job actually nets you more money. Because the cost of living is less for the new job.
My wife’s job is six figures. Where we live now, that is a lot. She could double her salary in New York or LA and we would be in poverty.
 
Life’s too short to be miserable if you can avoid it. Your standard of living won’t really take a hit, given the COL where the other offer is, and you’ll be closer to your loved ones, which is important to you. (I can’t speak as to the stock options vs. 401K match, as I’ve only ever had the latter at every job I’ve been at.) The relief and peace of mind from being out of a stressful situation alone will be worth it.
 
Just from what you’ve written, it sounds like you will burn out at your current job in the near future even if you stay. If it were me, I would cut my losses and take the new job. You will be more at peace, which is worth a lot. Something inside of you already knows you need to make a change, which is why you interviewed for the new job in the first place. Don’t doubt your gut now.
 
There’s no reason to stay from what I can see. Move on, you can’t replace time with your family. Having cried on and off this morning about watching my little man board the school bus for Kindergarten the first time, I know I’m so blessed to have a family so close that I do so.
 
angelcrystal85 said:
Hi Everyone!

I am currently working at a big company making a good decent amount of money. I took this job over a year and a half. I also have a great title too. I have learn so much and I feel I have developed my biggest potential. But the problem is in this town I dont have a social life (is a very rough city), my friends and family live 2 hours away. I been feeling lonely and very depressed. My job is also high stressful because I have big responsabilities and Im always pressured to go above and beyond. My boss is very arrogant and wont talk to the people they report to him because we are not in the same level like him. Im always afraid of him and I get alot of anxiety because he can sometimes come off as abusive. I saw a job post closer to home, I applied, interviewed and got the job. They are waiting for me to accept. Is a lower level position, pays $10k less, they dont do 401k match but stock options instead. But I get the sense is less stressful and the lady Im going to report to seems very nice. Also if I moved back I will only pay $500 a month in rent as oppose to $1350 Im paying for an apartment. But I work so hard to be at the level I am now, at the same time senior level positions are highly stressful. I want to focus my free time in developing my relationship with God, because my relationship is not the best right now. Right now Im 32, I realized career is not everything but spending time with God, family and friends is. Let me know what you guys think 🙂
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I would say pray hard for the right decision.

If your family stays only 2 hours away from you I think you can make use of weekends+holidays for spending time with them?
 
I would be giving my 2 weeks notice and starting to pack up my things.
 
My husband took a paycut to move from retail to an office management position in Sales at the company where I worked. Then he took a pay freeze to move within that company to an entry-level position in IT. The first move bought him a predictable schedule and brought him under reasonable management. He started to have a life, and a much happier wife! The second moved him into his dream field. And then work and play were both fulfilling.

Both moves were 100% worth it, despite the income changes. I mean, why does he work? He doesn’t do it just for the sake of working, he does it to earn money, which affords us the time, medical care, resources to give, and useful items we need to achieve a particular quality of life.

I also ogled those numbers, though others have already pointed it out – that cut in your rent more than covers the paycut; plus you’ll be paying less in taxes when you’re making $10k less, and I can almost guarantee that if rent is so much cheaper where this new job is, then so are food, gas, and clothing. If you crunched the numbers you wouldn’t think about it for even one more second. Are you handy with Excel? Your anxiety could be over in just 20 minutes. 🙂
 
I did that once and it was a blessing. in my case it was 30K. But it also opened the door to where I am working now (since the pay cut job) and my pay was restored to almost the higher level. God works in mysterious ways. It doesn’t pay to work with all that stress and anxiety brought on by someone with a huge ego and attitude.
 
Xantippe said:
I was a little negative about this, until I noticed the bit about rent. Did you notice that $850 X 12 = $10,200? So the two jobs are actually essentially equivalent.

I think you ought to counter-offer for a bit more (if that’s done in your field). Even $2k more a year could make a big difference in quality of life for you.

Good luck!
Click to expand...
Right. Just from a purely financial perspective, it looks like you’re not really moving down if the cost of living is that much lower. It’s not really about the dollar amount as much as how far that amount takes you.
 
Thanks everyone for your reply! After careful consideration I declined the offer. I was very restless and had alot of anxiety. After I rejected it I felt at peace and all of sudden things are going good at my current job. I am senior level in my current job and work very hard for 10 years to be the position I am in and is very hard for me to step down in my career. My job is very stressful but at the same time very rewarding because my company is the #1 in the industry I am.I have suffered bullying in the workplace in the past, I hesitate to take a new job not knowing if I will get bullied. This weekend Im going to a Catholic Conference and ask God what should I do. Because I feel I cant have everything in one location.
 
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