Business & Finance Career & Personal Development

Would You Rather Have Money Or Power?

Written by Akinmade

Which is more important in choosing a career: salary or position the job is offering?  And is this so?

No doubt, two major considerations influence whether one will take up a new job offer. These are the salary and allowances offer for the job on one hand and the position and authority the job will confer on you within and maybe outside the organization.

Even though there might be some other minor considerations like whether the job entails moving to another town or area of the larger metropolis; is the new company in your present sector or other such details, the two major determinants in your final choice to take up or reject the job are salary and position.

The Observers Life checks revealed that the leverage these two factors have in an applicant’s choice is largely determined by his/ her present level in the corporate world and maybe the gender.

Investigations showed that while those in the middle and upper echelons of the corporate world are more inclined to consider the position, power and authority the new job will give in the company and possibly in the industry, most entry-level applicants give first consideration to the salary and allowances that come with the job.

Mr Seye Thomas, Business Development Manager at Halliburton Nigeria believes that the major consideration should be the position and authority one would be exercising in the new position. He explained that the position will determine how relevant one would be in the new company and ultimately the progress likely to be made there and one’s career.

“To me, the position is key in any job consideration. This will guarantee the progress up the ladder and ultimately bring the salary commensurate with the position,” he said.

James Chukwuma, a middle-level executive in the Pharmaceutical industry, agrees with Thomas. For him at his level in the corporate world, the major consideration in taking a new job is that it must be on the same level as his present position in his company. He says he is even willing to take a pay cut in a new company if the position is higher in the company’s hierarchy.

“For my career development, I can only take a job that is on the same level as I am in my present company. I am number three in my department in a multi-national. I am even willing to take a lesser salary in a new company as long as I am moving up in the corporate ladder,” Chukwuma said.

Hafeez Balogun, Country Manager (Nigeria), Kenya Airways, also considers the position as most important in a new job offer. He believes that with a position carrying more responsibilities and authority being welded on the job, the company will subsequently pay commensurate compensation.

“The position is an important consideration for me. This ensures authority and guaranty for me to implement my ideas. The position will bring an increase in salary either in the short or long term,” he said.

However, some believe that monetary compensation should be the main consideration in picking up a new job. Their reasons range from their experience to the need to feel they are being appreciated by the company they want to work for.

Bala Hussein, a Banker, believes that the salary and emoluments for a job show how your employer thinks you are worth to his company. He says every employee should be adequately compensated for his efforts at making his employer richer and greater.

“For me, money is the dominant factor in picking a job. It shows how much I am worth to a company and also how important I am to that organization. I will like to get my just due from any organization I work for,” said Hussein, who is a Teller in a bank.

Some of those who pay a premium to the salaries and allowances for jobs argue that higher salaries will lead to personal fulfilment on the job. They argue that in most society economic success is usually the yardstick for measuring someone’s success and even respect.

Peju Adebowale, an Accountant, says a fatter salary brings a greater commitment to a job and ultimately personal fulfilment.

“In a job search, a bigger salary means you will be working for a big company. This gives you some confidence and commitment to the job. At the end of the day, your fulfilment on the job is assured,” she said.

Wale Bajomo, an IT Specialist, feels he had paid his due in the industry as well as sacrifices for his former employers. Feeling like a mercenary, Bajomo says he is up for grabs by the highest bidder.

“My training and experience demand huge salary compensation. I have worked for one or two start-ups in this industry without good pay. The owners reaped the benefits of my intellect and those other people in the teams. Now, if you want me you must pay me very well,” he said.

Interestingly there is a group in the middle of the divide. Those who say the two factors would be considered when picking up a new job. They assert that compensation and authority confer by the position have to combine to grow one’s career as well as personal fulfilment.

Gbolahan, a top Nigerian executive based in Europe, explains that jobs higher in the corporate industry mostly come with larger responsibilities and disruption to family and social life; hence their compensations must be fatter.
“While position comes with the ability to make changes a control one must also be adequately compensated. So the salary is also important. At that level there would be some disruptions to your life: domestic, social; and you will be required to make changes. You won’t be alone, your household has to be behind you. So you must be able to make them comfortable,” he said.

Bukola Odeyemi, a Partner in a Law firm, says even though positions help to grow careers in the corporate world, salaries and money must also be put into consideration as one grows his or her career.

“Some people use certain roles as stepping stones for other bigger roles. A certain role might be used to climb the ladder of management, especially when you are just coming into the system.
But at the same time when climbing the ladder, one should consider money, the salary. Both are key for me in my career,” she said.

Sarafa Bhadmus Abudu . an Entrepreneur, while saying  both position and salary play great roles in influencing an applicant in taking up a job, said the present state of the applicant, albeit employment and skills are critical in the decision.

“My view is that both salary and position are given great consideration as a general concept. However, where the prospective job holder is coming from is of utmost importance. One who had been unemployed albeit for a long period might not be bothered about either. One who is skilled in choosing and progressing in his career might chose position over salary.  One who holds a similar position currently may have higher salary and the prospects of growth as the only attraction to the new job,” he said.

Interestingly, the belief of some is that the job’s challenges should be a major consideration over the authority or salary the position commands.

Faridha, a Kenyan former employee of a multi-national, explains that when considering a new job, the salary should meet the minimum expectations of the job roles and title. She says though salary consideration is very vital, especially if there are no private finances to cater for basic needs and lifestyle, an official job title is worth considering especially a more challenging position, supervisory going up.

“Most importantly for me, being passionate about the job will help me feel fulfilled and make it easier to get up and go to work every day. The role should be more meaningful with lots of inspiration to do the best,” she said.

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