Why a High Salary Shouldn't Be the Sole Focus

30.03.23 08:26 AM By anil.vedaji

The  Reality  of  Chasing  High  Salaries

As an HR services provider, we have noticed a trend in certain sectors, such as edtech and IT, Crypto / Blockchanin etc offering high salaries, even for freshers. While this might seem like a great opportunity for job seekers, there is a flip side to the story. Many companies have also laid off employees, including those who were paid high salaries but did not possess the necessary skills.

This has left many individuals struggling to find jobs that match their previous pay levels, with no other sector offering salaries as high as those they were previously earning. For instance, we have observed employees in business development roles in financial services companies shifting to cryptocurrency companies for far higher salaries. However, recently, crypto companies have laid off many of these employees, leaving them in a difficult spot as they are unable to go back to financial services companies as salaries are significantly lower.

While it's essential to earn a good salary, job seekers must also consider other factors such as work-life balance, company culture, job security, and career growth opportunities. A high salary might seem attractive, but it might not be worth it if the job does not provide a healthy work-life balance or has a toxic work culture.

Moreover, employees who find themselves in a situation where they are unable to secure a job with a salary that matches their previous pay levels must be willing to be flexible and open to exploring opportunities in different industries or sectors. Skills and expertise acquired in one industry can be transferred to another industry, which might offer better job opportunities.

Lastly, employees must be proactive in upskilling themselves and staying relevant in the job market. Employers are looking for individuals with skills and expertise in emerging technologies and areas. Therefore, employees must be willing to invest in their professional development and upskill themselves to remain competitive in the job market.

In conclusion, as an HR services provider, we believe that job seekers must evaluate job opportunities based on various factors, including salary, work-life balance, culture, and growth prospects. Employees must also be flexible and open to exploring opportunities in different sectors, upskilling themselves, and staying relevant in the job market. At Shian HR - Recruitment and Staffing Services company, we are committed to providing job opportunities that align with individuals' goals and aspirations while considering various factors that contribute to job satisfaction.