Maybe a noob Q - When does it make sense to take a pay cut when changing companies? I'm a Producer/PM trying to decide if I should jump to a smaller, lesser-known company (COLOR) for more money but fewer benefits than my current job, or with TeamOne for a slight pay cut but more benefits than my current job or COLOR. In reading through forums, the pattern seems to be getting pay raises in jumping between companies >.< What do you consider?

Any insight or advice is beyond appreciated!!

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Only take a pay cut it it could mean faster career advancement in the future. Like a boomerang.
I always take the straight pay over extra benefits. I’m currently at my first small company with better pay, less benefit, but great people and work life balance. I love it and feel respected more than any big agency I’ve ever been at.

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This is so helpful and reassuring to hear! Thank you!

Compare the total comps for both and see how much is really being cut. Id personally take a lower salary but higher 401k match. I would also factor in company culture/interview chemistry into your decision bc a small increase won’t matter if the company culture sucks.

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This is great advice, thank you for sharing!

Benefits have $$ assigned to them. What benefits are we talking? 401k matching, that’s east to calculate (note that it’s a 4 year vesting schedule). Health insurance premiums, how much more/less than the other co? They have a barista to save you $5/day on lattes?

Or are we talking non monetary? Work life balance? Creative fulfillment?

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Are there a lot of caveats? Getting paid well and wanting a good work environment doesn't feel like too many, but does seem to be a hard combo to find lol

I get the sense there would be an obvious choice here for someone who's more seasoned than I am. I'm not so accurate in my predictions on how some benefits or decisions will impact me down the road, which is why I'm asking :) I'm sure others have been here before; I'm hoping they'll share some of their lessons with me.

My real issue is that I don't know what it's like at either and I'm currently in a position where I was COMPLETELY misled on the job and the company culture and I'm afraid of it happening again :|

Also note you’re not going to get decent raises at TeamOne for a few years…

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I'm glad you flagged this. I've also heard this... And they seem to start you out lower than other companies, which isn't my favorite 😕

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