Potential Options and Decisions That Could Affect Your Career Future

Potential options and decisions that could affect your career future.

Introduction

There are many options and decisions that could affect your career future some of these are defined below:

Relocating to another region, state or country for work. Some people may relocate if they are having difficulty finding work in their location. With an economy that's slowly improving, many people wrestle with the idea of relocating and its not always for a bad reason. Another decision may to be to take a gap year. A gap year is a period, typically an academic year, taken by a student as a break between school and university or college education. Accepting less pay is another decision you may face during your career. Sometimes will may have to agree to a reduction in salary depending on the industry that you chose to work in. Lastly Undergoing re-training and upskilling, by doing this you could further develop your skills in the workplace which could help you qualify for higher paying jobs or higher positions in your current job.

Relocating to another region, state or country

Job relocation isn't just for employed workers who get transferred to other cities. You can also relocate when you're looking for a job. There are many advantages and disadvantages that you may be faced with when relocating for work. Relocating can increase your number of job opportunities, especially if you move to a city with a lower unemployment rate. You may also have limited opportunities in your career within your hometown and more in a bigger city, by relocating you can explore different opportunities which could lead to experiences that could change your career choice or just general life choices. Along with the many perks that come with relocating there are a few disadvantages that follow. A move can be highly stressful, especially if you are going to a location that you aren’t very familiar with. You may also feel lonely because you have left friends and family behind. Relocating can be expensive. Settling in at your new location can be costly taking into consideration the living expenses and a place to live.

Accepting less pay

The list of advantages and disadvantages that come with accepting less pay in a new job is huge. Each job has a range of new experiences and opportunities that come with it and you will only get to experience these if you take the risk and participate. If you have more opportunities open to you, this gives you an edge against other workers because it will help you gain experience. It also can build your self-confidence. Sometimes when accepting less pay you are exposed to learning environments that could be learnt in the classroom. This could advance you further in your career as you are learning on the job and not taking time away from your job to further develop your education. A huge pro is that you will pay less tax if you earn less money. Earning less allows you to not give away the majority of your weekly earning to tax. Therefore, you can use this money to live comfortably. Of course there are many cons that come with earning less pay. For example, you will have less disposable income. With less spending money, you cannot socialize and network as often. You could also miss out on more rewarding opportunities. While you plug away for fewer pennies on the dollar than your colleague, you miss out on opportunities that could give you a better lifestyle. The cut simply may not meet your budgetary needs. In times of economic downturn, many people live paycheck to paycheck. If you're barely making ends meet, a reduction in salary might not be feasible.