Downsizing Salary
Discussion
Hi
I currently have a well paid job. It allows myself and family to have pretty much what we want/ need but I am not at all happy within the role or working for the company.
I am geographically (potentially!) constrained and there are not many jobs which will pay so well. But I would like to move on to pastures new.
Have others on PH moved from a well paid role into a lesser role which may have offered better job satisfaction/ quality of life? How did you find it? (We would not be on the breadline - but may not be able to afford as many weekends away, meals out, frivolous purchases etc.)
Mike
I currently have a well paid job. It allows myself and family to have pretty much what we want/ need but I am not at all happy within the role or working for the company.
I am geographically (potentially!) constrained and there are not many jobs which will pay so well. But I would like to move on to pastures new.
Have others on PH moved from a well paid role into a lesser role which may have offered better job satisfaction/ quality of life? How did you find it? (We would not be on the breadline - but may not be able to afford as many weekends away, meals out, frivolous purchases etc.)
Mike
Ray Luxury-Yacht said:
I remember the ridiculously long hours in management - being the company's b
h, the buck stopping with me when things got fked up, the constant battle to look after and manage staff and all their st, endless dull board meetings in endless dull grey buildings on nondescript industrial estates, not to mention the horrible 'commutes' alongside millions of other 'sheeple'...it sucked the life out of me totally.
Rayh, the buck stopping with me when things got fked up, the constant battle to look after and manage staff and all their st, endless dull board meetings in endless dull grey buildings on nondescript industrial estates, not to mention the horrible 'commutes' alongside millions of other 'sheeple'...it sucked the life out of me totally. Thanks for that! I am 40 and this small paragraph pretty much sums up where I feel I am at the moment - except the 'orrible commute, living where we do is pretty special to us.
I used to love my job (same company 15 years!) but not now. Great food for thought.
Obviously if it all goes tits up, I can now blame you!!!
Mike
Just to update this thread. Monday this week I handed my notice in at my current firm. Managed to get the first role I applied for - suspect my wider experience in a less senior role was attractive. Salary suitably downsized - but also potential within the new company for some progression. Three months notice period being negotiated downwards.....
Will report back in six months to let you know how the new role is going with the smaller wage.
Thanks for all the advice....
Mike
Will report back in six months to let you know how the new role is going with the smaller wage.
Thanks for all the advice....
Mike
Thanks for the replies.
I finished at my last work place a week ago (after 15 year there) and have been at the new place for one week.
Everything seems great at the new company. A little worried after the first day, just left to it. But had some good and positive feedback today from the GM through a formal meeting.
I am probably very deep in the honeymoon period at the moment and the new 'lower' wage has not hit yet - but career wise it 'feels' good and right.
Mike
I finished at my last work place a week ago (after 15 year there) and have been at the new place for one week.
Everything seems great at the new company. A little worried after the first day, just left to it. But had some good and positive feedback today from the GM through a formal meeting.
I am probably very deep in the honeymoon period at the moment and the new 'lower' wage has not hit yet - but career wise it 'feels' good and right.
Mike
Just to provide a further update on this thread having been in my 'new' role and lower salary for just over a year.
Work wise has been rewarding, lower stress and throws up the odd challenge which I enjoy. The honeymoon period lasted about six months and the role is now a bit more tedious. I must admit, on occasions I am a little bored - the challenges aren't as great and maybe I thrived on the stress a little bit before. As a result of the tedium, I am sticking my nose in other departments which is maybe not productive but just trying to observe issues in the company and assist. Unfortunately some employees don't like this 'assistance'. I am still learning new stuff and enjoy the working though. The company gave me a 10% pay rise this year - which has negated some of the ~25% drop I took for the new role. I perhaps need to speak to the GM about how I can be more productive in a structured manner to help the company.
Home wise has been great. The lower salary has meant camping holidays (instead of foreign jaunts), picnics (instead of dining out), no Sky, no cleaner (how middle class), more time with the kids, finding interesting free stuff to do locally (beer and vintage buses weekend meant free travel on vintage buses, steam train rides at a local engineering club, more cycling and walking.....). No new cars, some servicing now done at home which is good fun too! Don't miss anything we used to be able to do with the extra money - in fact we have freed up so much money that I am aiming to halve the mortgage term.
Thanks all for sharing your experiences - not so daunting after al1
Mike
Work wise has been rewarding, lower stress and throws up the odd challenge which I enjoy. The honeymoon period lasted about six months and the role is now a bit more tedious. I must admit, on occasions I am a little bored - the challenges aren't as great and maybe I thrived on the stress a little bit before. As a result of the tedium, I am sticking my nose in other departments which is maybe not productive but just trying to observe issues in the company and assist. Unfortunately some employees don't like this 'assistance'. I am still learning new stuff and enjoy the working though. The company gave me a 10% pay rise this year - which has negated some of the ~25% drop I took for the new role. I perhaps need to speak to the GM about how I can be more productive in a structured manner to help the company.
Home wise has been great. The lower salary has meant camping holidays (instead of foreign jaunts), picnics (instead of dining out), no Sky, no cleaner (how middle class), more time with the kids, finding interesting free stuff to do locally (beer and vintage buses weekend meant free travel on vintage buses, steam train rides at a local engineering club, more cycling and walking.....). No new cars, some servicing now done at home which is good fun too! Don't miss anything we used to be able to do with the extra money - in fact we have freed up so much money that I am aiming to halve the mortgage term.
Thanks all for sharing your experiences - not so daunting after al1
Mike
Edited by mike9009 on Wednesday 16th March 23:13
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