Facing Redundancy - A New Start - Weighing Up Money, Security and Happiness

February 23, 2007 6:48am CST
How do you weigh up money, security happiness when deciding on what to do for a living? Which of these is most important to you and why? I ask because I am due to be made redundant in June but I've just been offered a role within my group. If I take it I'll have a good job, security, keep all my benefits, a pay rise and travel costs covered. BUT, I'll have to commute to London (3 hour round trip) and I'll lose my redundancy package, which is 10 months salary, tax free. I currently do Voluntarty Youth Work once a week which I really enjoy. I'd love to get into this line permanently. This would be local, and I am sure I'd feel more job satisfaction, but I'd have to take a pay cut, although I would have my redundancy package. So, how do you approach decisions like this, and what would you do in my situation?
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1 response
@Denmarkguy (1845)
• United States
24 Feb 07
Hi SaraJayne, and welcome to myLot! These kinds of decisions are difficult, aren't they? I "changed directions" a few years ago... more or less "reinventing" myself from a high-pay, high-stress business job to becoming a free-lance technical writer and eBay "entrepreneur." I suppose the bottom line question is "what is REALLY important to you?" Every choice we make has a "price" of sorts. The "price" of a job we truly love might be a lower salary, or needing to move to a different town. Similarly, the "price" of a really well-paying job might be stress and a 3-hour commute. In figuring these things out, also remember that your TIME is not "free." What is the "cost" of spending three hours a day on the train to and from London? Or will you (worse still) be driving? It's really difficult to put a monetary value on "happiness" and "job satisfaction," but we can at least APPROACH the problem by taking a long hard look at what happiness MEANS to us. Often, it's not about the money. And often (as I discovered), when we have happiness with our job, the "stuff" we used to buy with our higher salaries becomes less important, because our contentment is "filled" by something OTHER than "stuff." Hope some of that made sense, and good luck to you!
1 person likes this
24 Feb 07
Thanks for your response, I think what you say about 'stuff' and contentment is really interesting and something I hadn't given any conscious thought to. I wouldn't be driving, by the way, I would fear for my sanity if I did! Driving around Kent is very, very different to driving around London. I think the train is OK but the tube is horrible. Luckily the office I would be at is near a mainline station. This afternoon I am swaying towards turning it down though... I'll probably change my mind again in the morning, lol :-)