The employment market is still extremely tough, even for highly skilled individuals. The level of competition among job seekers has caused many professionals to consider applying for positions for which they may consider themselves overqualified. Sometimes, this approach may seem like the only way to land a job at all.

But should you do the same? Following are some pros and cons to help you decide whether you should seek a position that may not offer the money or prestige of your former job.

Pro: You can make a mark

If you take a job that you may perceive as a step down from where your career had been, one thing is virtually guaranteed: You won’t be overlooked. Chances are you can bring valuable perspective, new ideas or suggestions for improvement to the role because of your professional experience. As a result, you’re likely to gain a higher level of visibility than you might otherwise. You might even be first in line for a promotion if the right opportunity emerges.

Accepting a staff position when you were formerly a manager also could help you build certain aspects of your skill set that have been underdeveloped or overlooked. For instance, if you’ve been in a leadership role for several years, you may not have had a chance to do hands-on work in your field for some time. This could expose you to technologies or processes that have evolved since you were last in an individual-contributor role. If you go back to a management role at a later date, this experience in the trenches can be invaluable.

Con: You might be bored

If you accept a less challenging or demanding position than you had before, you could quickly grow bored with the job. Be sure you’ll be comfortable and satisfied with less challenge and, likely, less reward.

Also keep in mind how your previous roles may affect your relationships with managers and co-workers. You may very well have more experience or more impressive credentials than your supervisor. Are you OK with being told what to do and how to do it, even if you feel more qualified than your supervisor to make decisions? Respect the chain of command, be open to others’ opinions and avoid bragging about your advanced qualifications if you want to establish solid working relationships within your team.

Pro: You may reignite your passion

In the middle of a busy career where you’ve always been focused on the next move up, a step down can give you a new perspective. Working in a capacity you haven’t for a while — programming again after moving far enough up the IT ladder that you were managing people instead of code, for example — can also give you fresh insight into what you enjoy most about your profession. You may even find, for instance, that you like programming more than managing others. Many people seek this kind of career change because it allows them to find a long-lost passion or improve their work/life balance.

Should you pursue a role for which you feel you may be overqualified? There’s no right or wrong answer, and in many cases it comes down to economics. It’s a complicated decision, and one that depends heavily on your personal situation and future career goals. Any experience is a learning experience, and weighing the pros and cons can help you make the right choice for you.

Con: You could set yourself back professionally

Prospective employers often do not hire workers with more experience than they seek because they worry these professionals will leave as soon as a better job offer comes along. If you are one of those people, you risk burning bridges with your new employer by confirming his initial fears about hiring you.

Consider also that employers look for a pattern of growth when hiring. Going backward a step or two could raise a red flag for future employers. They will likely understand that a difficult job market prompted you to accept the role, but just know that the topic will almost certainly come up.

Robert Half International is the world’s first and largest specialized staffing firm with a global network of 360 offices worldwide. For more information about our professional services, please visit www.roberthalf.com. For additional career advice, follow us on Twitter at www.twitter.com/roberthalf.