We’d all love to have constant upward climb in pay, but it doesn’t always happen. There are sometimes when you should hold out for a raise, but there are sometimes when taking a pay cut makes sense. While more money seems like the best thing, it’s not always feasible. Here are 10 times you should be willing to accept a pay cut. (Of course, if someone wants to offer you more money, take it!)
1. You’re changing careers.
Sometimes you can move seamlessly from one career to the next without taking a cut in pay, but often you can’t move from one career to another at the same level. If you want to change from accounting to marketing, you’ll probably have to go in at a lower level, and a lower rate of pay will come into that.
2. You find your current work too difficult or fast paced.
Do you go home exhausted? Are you constantly working at the edge of your ability? Is your stress level affecting your health and relationships? It may be time to find a new job that doesn’t have the same level of demands. A job with fewer demands will likely pay less. It’s a trade-off, but often worth it.
To keep reading, click here: 10 Times You Should Take a Pay Cut