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Should I Accept A Lower Paying Job Offer?

by Beverly Aarons 5. January 2009 10:53

Many attorneys searching for work are finding that the job hunt may turn up opportunity but at much lower pay.  The question many ask is…should I accept a position that pays lower than what I earned at my last job?

Well, you can only answer that question if you consider a few critical factors that can help determine if accepting lower-pay is the best move for your career.  

1.    Is the position a step-up for you?  Is there room for growth?  If so, accepting lower-pay could be the price you pay for the opportunity of long-term growth in your career.

2.    What are the terms of the lower-pay?  Does the employer offer an increase in pay after so much time has passed or certain objectives have been achieved?  Accepting a low salary temporarily is certainly easier to swallow than a permanent pay cut.  Whatever you agree to, make sure you get it in writing.

3.    Will the job require fewer hours or have a less stressful work environment? If so, ask yourself how much you value more free-time and peace of mind?  If it's important to you, the lower-pay may be worth it.

4.    Does the job offer excellent benefits?  How much would you pay if you had to pay for your own health insurance, life insurance or other benefits?  Also consider retirement matching funds and any severance package the company may be offering when making your decision about accepting lower-pay.

5.    What is the state of the economy?  What are other positions, similar to the one you're seeking, offering in terms of salary?  With the current downturn in the economy many employers are cutting back and reducing salaries as job losses increase throughout the economy.

When negotiating your salary with any potential employer, make sure you do your homework.  Look at current trends in hiring, the compensation history and financial health of the company making the offer before you make your decision.

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