Should You Take A Pay Cut To Advance Your Career?

If you get offered a job that pays less money, would you take it? Sounds like an easy question and most people would instinctively say no, but it’s not as simple as that. That new job might help you to progress your career in a way that your current job can’t or maybe you’ve got some serious issues with your current employer or the way that the company does things. In some cases, the number of hours that you’re working can take a toll on your life outside of work and that could be a reason to move job. It’s a difficult decision to make and there’s a lot of things that you have to consider before you take that job.


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Can You Afford It?

This is the first and most obvious question to ask yourself because if you won’t be able to survive until payday on the new salary, there’s your answer; you can’t afford to take the pay cut. Look over your finances and see where you can make cutbacks and then work out how much expendable income you’ve got left over. Then do the same calculations based on the lower salary and see if the numbers add up. If you can’t afford to live on the lower salary then you’ve got no choice, you either have to negotiate a higher salary or turn the job down.


Can You Go Anywhere In Your Current Job?

The main reason that people think about taking a pay cut is that they put career progression ahead of finances. If you’re in a job where you don’t feel that you can progress anymore, you should consider taking that pay cut to find better opportunities. But before you make any drastic moves, you should speak with your employers and ask if there is any new projects you can take on or any opportunities for promotion coming up anytime soon. The ideal scenario is finding the progression you want in the job with the highest salary but if there’s absolutely no way that will happen, you should start thinking about moving.


Do You Have A Life Outside Work?

When you have a demanding job it’s easy to slip into a lifestyle that is based entirely around work. One day you wake up and realise that you don’t have much of a life outside of work. If the new job offers a better work-life balance, albeit for less money, that might be a better situation to be in. While you might be earning less money, you’ll have a better quality of life than you would burning the candles at both ends for more money. You really have to think about what your priorities in life are and decide whether work comes first or not.


Do You Like Your Career?

Sometimes you aren’t looking for better opportunities in your current career, you’re looking for a different career entirely. You can either continue in a career that you don’t really like, or you can take a pay cut and start again in a new career or even start your own business. It’s worth keeping in mind that you’ll be able to work your way up after a few years in your new career and get back up to the salary that you’re on now.

People will tell you that taking a pay cut is never a sensible idea but sometimes, it’s the best thing to do.


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Kick-Starting Your Career

Is your career stuck in a rut? Have you stopped enjoying your job or are you struggling to gain a promotion and move forward? This happens to most of us from time to time, and many people lose hope and give up. They stop pushing themselves and start going through the motions, knowing that they’ll never get promoted. Or, they give up completely and spend their whole working life moving from job to job every time things get tough. Never really getting anywhere and never settling down into a role they love. Don’t make these mistakes, instead, try giving your career a kick-start.


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Take a Look at Yourself

Presentation is everything. One reason that you’re being overlooked might be that you don’t look the part. If your managers don’t see you taking pride in your appearance and looking after yourself, how can they trust you to do a good job? Looking scruffy, or poorly presenting your work can make a poor first impression, and it can also knock your self-confidence.

So, take a good look at yourself. When we first start a new job, we wear our smartest suits, spend time grooming and stand tall. All of our work is perfectly neat and well presented. But over time, things can slide. Get back to basics and brush up your appearance.


Learn More

Another thing we do when we start a new job is rush in and learn as much as we can. Over time, this stops. We know what we need to, so we stop seeking extra knowledge. But, things change all over the time. Your industry will have developed, and your knowledge needs to as well. Apply for a training course and read as much as you can. An alternative can be taking a course like masters in mental health counseling. Even if it’s not directly related to your industry, a course like this can give you more options and help you develop skills like organisation, time management and communication.


Make Your Intentions Clear

One reason we get overlooked when it comes to promotions is that our superiors don’t know what we want. If they think you just see your job as a short-term role that’s going nowhere, they won’t think of you or put their time and effort into training you. So, sit down with your direct superior and make your intentions clear. Tell them where you want to be and where you see yourself in five years. Then, ask for their help and advice. Make a plan together that will get you to where you want to be.

Then, apply for things. If a job comes up in your company, even if it’s a few steps ahead of where you are now, apply for it. You might not have much chance of getting it, but it will highlight your intentions, give you interview experience and help you gain some insight of what they are looking for.


Go Back to Basics

Read your job description. Are you going it? Take it back to basics and strip everything down. Before trying to move forward, make sure you are doing your core job as well as you can.


How are you kick-starting your career this year?


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