Related Posts
More Posts
Hi fishes, good day to everyone
Need your inputs about the company Redington india ltd.
Position offered is cloud solution architect on AWS.
Please let me know how is the company in terms of job security, work culture, hikes etc.
Your inputs would help me understand more abour the company.
Thanks in advance
Redington India Limited
Anonymous User
Enthusiast
Can anyone share what its like at Anomaly?
Additional Posts in Salary Negotiations
Anonymous User
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
I'd always recommend that whenever possible people run to something not from something. If someone has lost their job and the only offer they get is lower than their last role paid, they should probably take it and keep searching. Lower pay is better than no pay.
I just did exactly that! But guess what, I love my job, the people and my supervisor… I’m contemplating staying. ♥️
I took a 20k pay cut to change to a career that makes me so much happier. After 1 year, I'm back to my old pay. There's a payoff if you're intentional about the move. I don't believe it's up to whatever people tell you. Just do what feels right for you. Best of luck!
I left legal and while it took me longer than that, I too am actually at higher pay plus phenomenal benefits and bonuses most legal assistants can only dream of.
I was working for a director that I was unhappy with, this person was taking credit for my work and making a hostile work environment. I was making 90+k a year and walked away to make $12 an hour at a local boutique and was much happier. My mental health isn't worth any amount of money. Now I did find another job that's closer to what I was making but it's still not making enough. I am much happier though!
It depends on your lifestyle. If your making 300k , 290 isn't going to be a huge difference. If you're making 50k, then you are going to half to make sacrifices.
It depends on why you're unhappy in your role. If you work long hours and are not compensated enough, then you won't take a paycut to move most likely and just want fair compensation for the work provided or more bodies to spread the work so you can have work-life balance.
If you are not developing new skills, then you may want to move to do just that, but again, maybe not for less pay unless you got something else in exchange (or maybe if it was slightly less pay but with huge gain in terms of skills and career progression).
If you are doing good work but are disrespected or have bad management, then you may consider moving to a role with slightly less pay but better management, culture, etc.
Then again, as someone else pointed out, the impact of $10K or $20K cuts will vary depending on how much you're earning. If it represents a 25% cut in gross pay as opposed to a 10% cut in gross pay, the impact on your ability to pay bills, live, and save will be vastly different.
It is more telling to speak about percentages than raw numbers. And to also consider that we're always talking in gross numbers whereas the real impact will come down to take-home pay (sure, there are pre-tax impacts, too, when it comes to increased / decreased gross pay, in terms of what one can contribute to a traditional 401K or to an HSA or FSA or for cafeteria plans, but that, too, will have little bearing to someone who is not a high earner and can't really afford to contribute much to any of that if their main concern is having enough take-home pay to pay the bills).
This iterates exactly how my brain worked out the impact jumped to relativity/percentages to compare lenses, then opportunity for transitional or negative consequence.
I usually aim for $20k, but if a great opportunity for growth presents itself, and I am offered significantly less, I'll take it in a heartbeat. My mother taught me that to get to where you want to be, you might have to take the longer road, which leads to a better destiny.
I took a cut from $120k base to $65k base. Best decision ever as my quality of life in my old role was absolute shit (ops manager at an Amazon warehouse). Took 3 years to pass above $120k, but my hours dropped to less than half
Mentor
for me, it was. I had a small cut in salary, with a slightly bigger bonus, and ended up going for it because the feeling I got at the other company was much better!
It depends. If you are going from a $ 150k job to a $130k job, you could make it work.
But if you are going from a $50k job down to a $30k job, that is a bigger % drop and could cause more stress on your personal finances.
If your personal finances can take a $10-20k drop, then do it. Otherwise keep looking. a $10-20k drop in pay can be a big deal for some people
I think the first assessment would be to realize that the expectation of being “happy“ in a role is for the most part unrealistic. Doing something you love is usually a hobby. A higher probability of securing a role that you will at least least be satisfied with is to identify a few key measurable factors in a role that are important to you and search for a company/role that can offer those.
Right now, I am so desperate for a job, I am in line for $23-$25 per hr role.
I am not willing to accept ANY pay cut. I'll go further and say the next company would have to be an INCREASE of 15% minimum to go. There is no guarantee the next place will be paradise. It's a gamble. There's a risk you'll take a pay cut and still be unhappy at the new place.
Depends on: How much does your lifestyle and quality of life change with that cut?
Is it only fancy but meaningless stuff that you can't afford anymore, go for it!
Or could -20k make the difference and you have to cut important things that make you happy? Well, don't go for it.
You really need to give more context. Also current salary matters. If you make 50k then a 10-20k cut is huge. But if you make 200k it’s not as big of a deal.
States like Texas require you to take a position at 70% of your previous salary if unemployed for 8 weeks or longer. No exceptions. If it's offered, you MUST accept or you will lose the rest of your unemployment benefits.
That sounds fair to me from the perspective of the taxpayers
If you can find another job that you feel you would be much happier at and your budget will allow a cut then I think you know the answer.