I am interviewing for a position I really want, the catch is the pay is much less.

Anonymous

March 28,2022 at 7:17PM UTC

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I am interviewing for a position I really want, the catch is the pay is much less. I currently make close to 60k and for the first year in this new position I would be hourly but I would get back to my current salary after a year. I’m still interviewing, they could decline to hire me but if they do decide to hire me, is it a smart move? I’m torn. The job sounds great and the company believes in total transparency. The pay cut will be 17k a year. This is a new field so I would be starting from the bottom. I expect a pay cut but this is a biiiiiig pay cut.

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AnonymousMarch 28,2022 at 9:03PM UTC
Quite a step down in compensation. Also no guarantee that you will be brought back up to your current level ( which is still a step down given inflation).
If compensation is not an issue then I would consider other factors like Benefits, bonuses and perks.
AmyMarch 28,2022 at 10:56PM UTC
I've taken paycuts for jobs I wanted. In my particular situation it was not worth it. But for a friend that took a 10K cut, it was worth it. So depends on your current savings, bills, spending habits, and outlook towards money. I agree that you should also consider other benefits and perks. I've switched fields and started near the bottom, but you do not always have to do that. Look at how your skills may transfer. Keep applying so you have options either way.
Gina JordanMarch 28,2022 at 11:40PM UTC
When you get to the "we would love to have you join us" conversation, could you ask them to meet you in the middle? at approx. $20 an hour, that would be about an extra 20% or $4 an hour.