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Rising Star
Don’t do it, don’t do it
Or if you’re doing it examine how it might or might not change your lifestyle.
What is the most important in your job change
also don’t do it to escape a toxic workplace you will regret it
Thank you!
Yes, I did but I didn’t have a choice, I was laid off last November but had started looking well in advance. So, I went from a top global agency to a big movie studio at the in December — no gap in employment. But, the roll is mid, not senior or director and the pay band max and title were locked so I took a 30k L.
I was remote at my last gig and now my hybrid roll bait-and-switch/RTO interrupted my moonlighting and lost me another 50k a year. So in all, I’m down 80k and my job is still on the line. The brand notch on my belt not bad for my resume, but now this movie studio is laying off thousands. I’d stay a bit longer just because I do think they’d get my salary, title and bonus up to where it needs to be with one review cycle, maybe 2, but I can’t afford to stick around to see if I’ll still be employed in June. So, I’ve lined up a title and pay bump on the production side starting June 1, and will bank enough with this new opportunity to not have to hold down multiple jobs.
I’ve set very clear goals for myself as I take on my 4th decade. These two things are now driving my career decisions:
1 - Not working more than 45-50 hours a week
2 - A house (read condo/townhome) on a single income won’t buy itself in a HCOL city. I have to bank in 200k+ to pull it off.
Thank you for sharing your story. I hope you accomplish your income and house goals 💛
Rising Star
I did in my late 20s but it was part of a career pivot to a different field of law for me to a different nonprofit that had a lower pay scale. I took a $25k pay cut but the new org adjusted their pay scale the first year I was there so I was only $10k under. Looking back five years later, I’m glad I did it because it got me to where I am today doing work I enjoy.
I also look at the full benefits package beyond just salary when taking roles to have a full picture of what I’m gaining/losing.
Yes. Did it knowing that the switch would increase my earnings potential in the medium to long term. I was right. More than double my income after 2-3 years.
Obviously nothing is guaranteed in life and you may have other priorities in addition to compensation
Make a list of pros and cons. My friend took a huge pay cut like this but gained a better quality of life. She bought herself a new car, moved close to family but was in a city where she was always lonely, and she moved into a house and no longer lived in an apartment. Now she’s also in an area when she can meet and date. She has some financial woes but regained a better quality of life.