THE PROS AND CONS OF A HIGH-PAYING JOB

human figures on top of stacked coins showing salary differences

THE PROS AND CONS OF A HIGH-PAYING JOB

No matter where you begin in life or your educational background most people would like a job that is high-paying. With a good education, getting a high-paying job is easier as you have the degree to go along with our skills, but even if you don’t have a degree, getting a high-paying job is more than possible if you have the experience and skills to do the job. Not only does a high-paying job cover your basic skills but it gives you extra funds to live in comfort, save for retirement, and enjoy recreational activities like cars and vacations. Here are some benefits and downfalls that are associated with landing that amazing high-paying job.

PROS:

SALARY

High-paying jobs have great salaries which gather people from all walks of life. For those with a high degree of education, this may make the loans, stress, and sheer effort of pursuing those years of study. They can then pay off their loans and fully utilize their degree. For those who did not go to college, they can now support their families and ensure the utmost comfort. If they are immigrants, they can send large amounts of money back to their country to support their family.

RESPECT

High-paying jobs come with an impressive title. Doctor, engineer, CEO, and lawyer are highly specialized fields that demand respect as soon as the person mentions their job. These positions are jobs that require many years of study and most people associate them with smart people who have high degrees of dedication. This gives the person respect from their family, friends, and others who know of them.

SECURITY

doctor with hundred dollar bills in pocket has high paying jobMost high-paying jobs require a high degree of skill so there is high job security once skills are mastered. Doctors, lawyers, CEOs, and engineers will always be needed and many people do not have these skills, so companies pay higher for top talent. This lack of other candidates boosts the respect, prestige, and salary of the select few who hold these credentials. Some high-paying jobs, for instance, in the tech industry, do not always require a degree if the person has the experience, skills, and passion to learn new technologies. For instance, some programmers have no degree but are masters of their craft and have a true love for programming. They can also make excellent salaries especially in tech metropolises like Silicon Valley, Seattle, and other cities.

SATISFACTION

High-paying jobs often challenge the mind of the person who has the job. After years of intense study and hard work, getting a high salary can be very satisfying. The person can fulfill any other dreams and responsibilities, which will increase internal happiness and those who depend on the person.

INCREASES IN THE ECONOMY

With a high-paying job, men and women can contribute more to the economy. As the Gross Domestic Product (GDP) rises, this allows a higher standard of living for the country’s citizens.

GOOD HEALTHCARE AND EDUCATION

After basic needs like food, shelter, and clothing are met, then health care and education is needed. With a higher salary, you can get good health care and education that will prevent diseases and other ailments and increase your and your family’s quality of life should they get sick. In addition, life insurance and burial plots can all be taken care of when more money is had.

PLEASANT WORK ENVIRONMENT

High-paying jobs know they are working with those who are highly skilled, so the employees get an excellent working environment, which will prompt them to give their best. The job provides many opportunities for the employee to learn and develop new skill and knowledge areas.

CONS:

LATE CAREER START

After spending many years in school, studying, starting the career begins late. Over time, this leads to less earning potential even though the salary is higher.

LONG WORKING HOURS

office executive working long hours until nightAs the company has invested large sums of money in a highly paid employee, they expect to maximize that person’s potential so they can get an excellent return on their investment. Many assignments are so large they practically require the employee to work outside of working hours, thereby forcing the employee to work long hours. Sometimes, there are no defined work hours which opens the employee up to being overworked.

HIGH WORK PRESSURE

As the pay increases, pressure and expectation rise. You will be expected to comply with all needed directions and tasks or else. These jobs may involve strict deadlines, assignments, and high stress. This stress may spill over into other areas.

OUTSIDE TIME CONSUMED WITH WORK

High-paying jobs offer high-end equipment that includes laptops, phones, and tablets. Rather than being gifts for doing the job, these are often used to consume the time of employee’s outside life. With these devices constantly connected to the company’s network, the mind and effort of employees are tied to the job as deadlines loom and projects increase, so they get little downtime. This keeps the employee under intense pressure even when out of the office.

This gets in the way of familial relationships as work bleeds into the outside life and turns the human into a machine. Missed graduations, weddings, and other events stack up as the person remains glued to their work. This leads to great disharmony in the family and a lack of peace. The person has traded their life for money.

STRESS

There is intense stress related to high-paying jobs, especially those of surgeons and air traffic controllers, as there is zero margin for error. There are, literally, lives at stake. These jobs may lead to physical and mental illnesses that can incapacitate the employee.

While high-paying jobs have excellent salaries, they also have negatives associated with them. It’s important to factor in the whole picture when accepting a high-paying job. The salary, prestige, and challenge is important but so is your health and familial well-being.