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How Important is Salary?

3 months ago by Luigi Muscat Filletti
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Salary has always been a greatly influential factor for the candidate when going through a job search, as it is no surprise that financial income is sure to affect one’s drive and performance going into a job. That being said, salary range is certainly not the only element which shapes one’s experience of a job - role title, level of responsibility, career progression opportunities, workplace culture and environment, work-life balance, employee benefits and other perks are all important components to take into consideration.

‘The key element in defining a successful career is perhaps the drive, the hunger, the vision and the ambition to keep striving for results.’

The most vital point to keep in mind however, is that one is doing a job they truly enjoy. It is true that every job has its challenges, however it is these obstacles which make one stronger and enrich their experiences. In simple terms, one must feel fulfilled about the difference they are creating and the value they are generating through their role. Once a person is self-aware about their role, their strengths, the way they are contributing to the bigger picture and what they prioritise both in and out of the workplace, then they can successfully position the importance of salary in their lives.

‘Salary is a major influencer for the candidate when in a job or looking for a new one, yet it is areas of fulfilment, task ownership, career development and work-life balance which tend to be the most preferred areas to prioritise in’

The effects and results of salary in itself are contextual. The reality is that different people need and want different things, and although it is true that their salary can affect different areas of their lives, one must not allow themselves to become dependent on their salary, especially in the long-term. It is common for individuals to succumb to the pressures and tedious challenges which come with their job, and continue to do so because they are being very well financially rewarded, in many cases. In such a circumstance, one must ask themselves whether being in a situation of this sort is worthwhile for them. Are they achieving their ideal work-life balance? Are they hungry to achieve greater success, to grow and develop their careers enthusiastically? Waking up in the morning with a sense of negativity tends to be the dealbreaker here. By no means does a successful career mean that one is feeling on top of the world at all times - as mentioned previously, challenges come yet should be taken as opportunities for growth. Similarly, a successful career does not imply that one never gets out of bed in the morning feeling anxious about a deadline or nervous due to a meeting with a difficult-to-please client. The key element in defining a successful career is perhaps the drive, the hunger, the vision and the ambition to keep striving for results. This means being able to positively handle the little obstacles coming one’s way because the bigger picture shows resilience and passion in giving value to a wider community through one’s work.

‘The reality is that different people need and want different things, and although it is true that their salary can effect different areas of their lives, one must not allow themselves to become dependent on their salary, especially in the long-term.’

From a salary standing point, one should reflect on their current lifestyle and whether their current job is allowing them to develop into a better all-rounded individual. Other factors include having expenses to pay, and some lifestyles depend on more financial stability than others, especially when one has a family to support. Therefore, salary is a major influencer for the candidate when in a job or looking for a new one, yet it is areas of fulfilment, task ownership, career development and work-life balance which tend to be the most preferred areas to prioritise in.