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That's a decision that a lot of people will face now and then. Sometimes you want to work with an organization and it's worth it to take a step back if you think you'll ultimately be taking some steps forward. One needs to be careful, however, sometimes that scenario gets abused, and people will purposely lowball you because they know you're doing the job for the credit and the mention on your resume.
That’s a great way of putting it!
Yes, if it did something for me in return—new field where I can grow and learn; maybe less hours or less intense work, less draining; other variables—closer to home, less travel, less physically intense. I would for sure.
Not always, though it's not uncommon either. My willingness to do it is directly tied to how confident I am in the new opportunity opening up doors or leading to better opportunities in the future. If I'm reasonably sure it'll pay off in the long run, I'll accept the temporary setback. If not, I'm not sacrificing the money.
That’s really interesting you’ve got through something similar! You never know what’s in the future really
That depends on how much I have to gain in the long term from that step back. Ideally, progress is a straight line, but that isn’t always the case.
It is always interesting to hear different people's paths around me, I never had 2 stories close to the same!
A lot of factors to consider. Different cost of living areas, changing family dynamics (single/married/children), career trajectory, different compensation options (salary/bonus/stock/perks), public/private companies, risk tolerance, managers, coworkers, advancement options, remote/hybrid/in-office, type of work you'll be doing, etc. all play a role in those decisions. But, in over 30 years of software development, I've more or less followed my heart and interests because I want to enjoy the work and lead that into a happier home life and that doesn't always translate into higher pay, but I've loved my jobs and been able to support my family. Probably half the time I've taken a pay cut to switch and never looked back. But also gotten blessed with some really nice stock payouts along the way to far exceed any pay cuts. So you never really know. But, for sure, some decisions are tough and a gamble. So, to your questions, "yes", and "no".
It would be hard to do, but if I can afford it and don't like what I'm doing, then I could see it. Or if I were getting older and wanted to slow down but not stop. Or if it were to change paths and I needed to start the new path at a lower level than my old path. But it's not something that would happen by choice without a good reason.
If you're just chasing the money, you won't be happy.
Lots of good reasons for a pay cut... better hours. Closer to home. Less stress. More flexibility. More time off. More chances for advancement. Working with people you know and trust. Working for a more stable company (you might know the lower job is safe, but your current one could be cut suddenly). Other perks or compensation (like free healthcare, a better 401k match, stock options, etc).
It it put me on a better career path I think I would, would depend on how big the pay cut was as well.