Employment or FUNemployment?
March 1, 2011 3:10 PM Subscribe
Should I take advantage of free time after a layoff, or go charging right back into the work force?
I currently work in the industry I've been aiming for my whole cognizant life. I got my foot in the door years ago and have worked my way up to management level for an industry leader, but in a vein of work I'm not too fond of. Luckily this summer, as a result of a company reorg, my department is moving across the country and my position has been eliminated. I'll collect a severance/vacation time payout that is roughly 1/4 of my annual salary (pretax), and I have 6 months of living expenses saved up, not to mention the possibility of unemployment claims.
What I'd like to do is stay career free for at least six months and do those things I've been putting off because there wasn't time (travel, work on some household projects, take classes through Open Course Ware, catch up on some reading, etc, etc.) I'm not opposed to having doing some sort of work on the side, but I don't want a 9-5 again for a while. I'm coming up on 30 and I don't know if there will be another chance to take this kind of time off in the future, especially if I get on the baby making train in a few years or so.
On the other hand, I keep hearing about these opportunities opening up around the company in other departments. Opportunities that sound interesting and more aligned toward my personal skills and interests. Judging from experience, I'm guessing that these other jobs pay about 1/3 less than I make now, which would cramp my style a bit but its a livable wage.
I have these nagging voices in my head that say I should go for the lower paying, possibly more satisfying, steady work versus taking my career sabbatical. Because job security and building up my 401k is important. If I took another job with my current employer, I'd lose my severance package and my opportunity to collect unemployment which I see as turning away free money.
So, I return to my original question hivemind, should I go put the F in front of unemployment or do I try to stay afloat, secure, insured and funded?