Many of us wish we had more money and we might think of the different options available to get more. One of the main ways that most of us will earn money is to get a job. This means that it could be thought that the best way for us to make more money is to change jobs. It is worth considering the advantages and disadvantages of doing this though.

Advantages

  • If you change jobs then it can be possible for you to get paid more money. It can be hard wen looking for jobs as you will need to make sure that the pay will be higher and some jobs do not advertise the pay rate at all or it is a salary range. You may therefore have to negotiate a rate and hope that they will be happy to pay you that much money.
  • It can be good to have a change in job from time to time. This is because you will find that you get a change in what you are doing. This can be a good thing as it will give you something different do, a new group of people to work with and things like this which will be great for some people. It can be a great challenge.
  • You may need to learn new things and there are many people that really enjoy learning new things. They will feel like they are getting skills that they can use in the future as well as just enjoying the fun of learning.
  • You may be able to move to a company that is closer to where you live and so reduce your communing time. This can be great as you will spend less money on fuel, waste less time travelling and have more pay.

Disadvantages

  • For some people changing jobs can be stressful. They may find it difficult to meet a new group of people and to try to get to know them and just settle into a new routine and way of doing things.
  • The job could be stressful in that you may have different challenges to the ones that you had before and this might not be good. You may find it is not worth the extra money.
  • It could be that you will be expected to work extra hours as a result of having more pay and so you could end up being in work for longer. You may miss being at home with family or having so much time for hobbies and wish that you had a lower paid job so that you could do this.
  • You may even find that you take on a new job and then discover that it isn’t as well paid as you thought. Sometimes it can be complicated to work out the bonus scheme or things like this and so you may assume that you will be better paid when in fact you are actually not better paid. IT is well worth really carefully calculating this as benefits could make a significant difference to how much your take home pay equivalent is.

So, although a new job could be a good way to get more money, it is wise to make sure that you are completely aware of the advantages and disadvantages. It can be a gamble and you need to be sure that it will work out well for you. Ensure that you check carefully to make sure that you know that you will get more pay before you take on a new job and also make sure that it is worth doing as the extra money may not be worth it if it is more stressful, difficult or has longer hours than before.

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