When the economy goes into a slump or a company is in financial stress, there are some employees that are either laid off or are forced to take a step down their career ladder, putting them in a position that they are over qualified for. While some people would rather be laid off, others would rather take a step down and keep their job; even if it is in a capacity that they are unhappy in. The reality is that being unemployed in today’s world can be a real hardship. Jobs are scarce in many fields and there are more job seekers than there are jobs. Stepping down only makes sense for many people. Although taking a step down appears as a negative thing, in some situations there may be surprising upsides to this career move. If you have been going back and forth about the decision to step down or step out, think about the following possibilities to help you make your choice.
Consider This….
If you think that there is any way of saving your position at work, try your hand with some basic negotiation skills. For instance, would it be possible to keep your current position if you took a pay cut until things got better for the company? It never hurts to ask! And if it is possible and you go through with it, this step will make you look like a more loyal and team playing employee. This may take you to higher places in the company later on down the road. The same goes for gracefully agreeing to take a step down, but if you can negotiate another plan that is obviously your best option.
If you do take that step down and stick with the company during their hard times, you will be one of the first people to go back to your old department. It all goes back to company loyalty. Many businesses will reward those who are willing to step down for the good of the company and this can lead to bigger positions in the future, job bonuses and an overall better financial experience in the long run. Basically, taking less money for a lesser job can really pay off in the long run, even if it takes years.
Are you someone who loves a good challenge? If so, taking a step down in order to help save a “sinking ship” may be just the task for you to undertake. Even with less pay in a lower position you can still put your best foot forward and do all you can do to help the company through this hard time. Not only is this a rewarding experience, it is yet another way to show loyalty, as well as initiative and drive.
If you think that getting out of the company is your best option, you can really take off by entering into a position within a small business. At smaller companies you have more room to grow and more room to re-climb the ladder. Since there are fewer employees to compete with, you can take charge in several areas so you can really show off your skills. This makes you an important asset to the company and may really pay off in the end.
Starting your own business is another option if you do not wish to take that step down. This may be a painful experience (financially speaking) at first, but if you have the skills to do it, it may be the best choice you ever made. It also makes you look more attractive to the company you left and they may want you back badly once things begin to look up again. If your business is doing well then you may not want back in. However, if you are not doing as well as you would like, this news would be a welcome message. Either way you are going to go through changes in your job so just do what feels right for you.
As you can see, taking a step down is not always a bad thing and can open up all sorts of doors for you in the future. There is always a silver lining and all you have to do is find one and the world will be your oyster!
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