Not being a workaholic is easier said than done. In fact, over the past couple of years, work-life balance has become increasingly harder to achieve. One-third of the 9,700 participants in a January 2015 Ernst and Young study find it is difficult to achieve work-life balance.
With jobs becoming more demanding and employees constantly accessible through evolving technology, how do you know when it’s worth sacrificing the balance?
Here’s what to consider to determine if you’re being paid enough to sacrifice work-life balance:
1. Weigh the pros and cons.
Missing family dinners, birthdays, vacations, or even just time to decompress by yourself is stressful and challenging. In February 2015, more than 50 percent of 2,016 employees surveyed felt that technology had ruined their family dinners, according to Workfront’s The Work-Life Imbalance Report. To what extent is poor work-life balance affecting your life?
Make a list of pros and cons to examine if your unforgiving work-life balance is worth the pay.
Do you have your head down reading emails while at your child’s soccer game? Or maybe you’re lying in bed updating reports? Consider how much you get paid and if this amount makes those interruptions worth it.
2. Consider other options.
Discovering whether your pay is worth sacrificing work-life balance can be done by considering other jobs. If offered a higher paying job with the same amount of poor work-life balance, would you take the offer and feel confident in your decision? If yes, begin the next step of figuring out what enhancements your budget needs to make loss of balance worth it.
Maybe higher pay wouldn’t make a difference in how unhappy you are with work-life balance. In this case, it might be time to consider an opportunity offering flexibility with schedules or benefits.
[Related: 17 Companies with Great Work-Life Balance & Hiring Now!
3. Assess how stress is affecting your health.
Most of us know someone who has said, “I’m happy I retired when I did because my job was going to kill me.” The Stress in America survey conducted by American Psychological Association (APA) in August 2014 among 3,068 adults found 64 percent say money is a major stressor and 60 percent say work is also a stressor.
Stress is a trigger for many diseases and can make symptoms of ongoing issues worsen. Look at how you’ve been feeling lately, both mentally and physically. Are your anxiety levels at an all-time high? Has the doctor noticed an elevation in your blood pressure? If you’re noticing common stress symptoms, decide if work is the biggest factor and if you have the ability, and tools to better these symptoms while employed in this position.
Also, consider how greatly money issues are adding onto stress levels. If you’re finding both inadequate work-life balance and money are bringing your health down, the pay is most likely not worth the poor balance.
4. Balance your finances.
Everyone has varying lifestyles, which means we all feel comfortable living within different pay scales. Poor work-life balance is tough, but having a bad balance and not being able to give you and your family the lifestyle you want is even more disappointing.
Think about your financial goals, both current and future. If you have a family, sit down with your partner to discuss a budget and how difficult, or easy, it is to stay within set amount of money. Are you currently reaching these goals or struggling to get by with a minimum budget?
Decide if being constantly available to your job is giving you the ability to hit financial goals. Struggling to make ends meet and sacrificing work-life balance may mean it’s time to start searching for a new job.
5. Look to when you last de-stressed.
Being completely engulfed with work doesn’t leave much space for thinking clearly about your situation. Step away from your phone, tablet, and computer to find clarity. Look back to a time when you were able to take a moment away from your current position. When not engaged in work, did you find yourself feeling confident about money and work?
If in this moment you can’t remember the last time you stepped back from work, think about if money is worth the moments you’ve missed.