During a time like COVID, it’s almost inconceivable to think about asking for a raise. In some cases, just keeping a job is a blessing. But what about the times when the boss asks if you wouldn’t mind staying productive, just at a lower rate?
So, in just what situations does it make sense to accept a lower-paying job?
If you want to embark on a new field. If you’re green coming into a new role or field, sometimes the only way to gain any experience is to take a lower-paying job so you can acquire that basic knowledge, industry-speak or expertise, and actual hands-on project experience. You cannot come into the new role if you were a previous leader in your previous field and expect to be viewed as that same leader. Now it’s your turn to soak up the knowledge again like you previously did when you were initially starting out.
So, in what situations does it not make sense to accept a lower-paying job?
If there are not many benefits in staying, and by benefits, I mean long-term outlook and happiness on top of the perks of physical benefits. If you look at your budget, identify your other career prospects and research the industry trends or relevant player news, and find out that staying on board where you’re at looks better than the alternative, you may have to take a pay cut just to stick around longer. Depends on your circumstances.
For some further reading about the subject, take a look at this article where I discuss the benefits of a part-time job during Coronavirus.
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