5 Reasons To Take a Pay Cut

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3 Minute Read
Posted by Karyn Moyer
Pay Cut

When deciding to take a new job, there are a lot of factors to consider such as the responsibilities of the job, the potential for future growth, the job title, the benefits, and your salary. Ideally when you’re looking to change jobs, most of the time you’re hoping to make more money. However, there are times when it is better to take a pay cut for a new job. Check out 5 times you should consider taking a pay cut.

Making a career change

If you’re going into a new industry where you have less experience, you’ll need to consider taking a pay cut in order to get your foot in the door. As you gain more experience and learn new skills, your salary will start to rise again.

You want more of a Work-Life Balance/Flexible Hours

If having a better work-life balance is something you crave or you really want more flexible hours, it might be worth the pay cut. It all depends on your needs. Maybe it’s a sales role with little to no travel or truck driving position where you’ll be home every night. If it’s better for your family or having flexible hours keeps you from stressing, take the pay cut.

It’s Your Dream Job

Sometimes an opportunity comes along that meets all your needs and wants, except the salary. Maybe it’s the exact role you’ve always wanted, or it has the perfect amount of flexibility with great benefits. Perhaps it has great growth potential, better than your current role. These are all great reasons to change jobs and take a pay cut.  

Better Benefits

Your salary is not the only compensation to consider when it comes to your job. Overtime pay, paid time off, paid sick time, insurance, retirement plans, holiday pay, tuition reimbursement, childcare reimbursement, health savings accounts, etc. are all great benefits to consider in addition to your salary. For example, if your current employer pays your $45,000/year but doesn’t offer health insurance, and a new job pays $40,000/year with health insurance to help you save on health costs giving you more in your pocket than your current employer.

Leaving a Bad Company Culture

As they say, “love what you do, and you’ll never work a day in your life.” If you dread going to work every day because you hate the environment, finding a company with a better company culture would be a breath of fresh air and might be worth the pay cut.

Taking a pay cut is not a light decision you make. There is a lot of consideration to take into account. Make sure you can financially take a lower salary, otherwise you’ll just be transferring your stress to stressing about money. You may need to be willing to make some lifestyle changes for a lower-paying job that will make you happier. Make sure to weigh all your options before making a big decision like a career change.


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Check out 5 surprising reasons why a pay cut may just be right for you!
Karyn Moyer

Karyn Moyer

Karyn Moyer is the Senior Marketing Manager at AgHires, with over 13 years of marketing experience, over 9 of which she has spent in the agriculture marketing industry. Growing up in a small farming town, Karyn has a deep appreciation for the importance of agriculture and its role in our communities. Since joining AgHires in 2017, Karyn has used her wealth of experience and knowledge to help job seekers and clients achieve their goals. She has a passion for learning and discovering new ways to support the industry.