In the course of your career, you’re apt to land in situations where you’re choosing between two jobs, and two distinct salaries. Most people will naturally gravitate toward the higher income, because, well, money is important, and there’s accepting a job making less money such thing as having too much of it. But before you jump at that higher number, there are certain circumstances where accepting a lower salary actually makes more sense. Here are a few you might encounter. Workplace benefits are an important part of your overall compensation package, so if you’re looking at a lower salary from a company less perks are outstanding, that’s reason enough to consider that offer. Furthermore, a superior benefits package can actually save you money, even when you end up taking a hit on salary in the process. Imagine you’re choosing between two companies. Therefore, before you accept an offer on the basis of it coming with a higher salary alone, take a look at the whole picture and recognize the financial value your employee ma,ing might offer.
Millennials work for the cash and good health insurance — just like everybody else. More than half of millennials 53 percent say compensation is more important to a job offer than corporate mission 34 percent. And 91 percent of millennials say they are most attracted to a new job by salary and benefits. But there are some job perks that will make millennials consider working for less, by as much as 12 percent. The country’s largest workforce by demographics, millennials are willing to give up a percentage of their salary for long-term job security, flexible office hours and a management structure that emphasizes mentorship and a better career trajectory, according to new research from survey software firm Qualtrics and venture capital firm Accel Partners a Qualtrics investor. According to the survey, 77 percent of millennials would be willing to take a salary cut of at least 3 percent in exchange for long-term job security. Roughly 76 percent of millennials would take a pay cut of at least 3 percent to work for a company that offers flexible office hours, and 67 percent would be willing to take a pay cut of at least 3 percent to work at a company that offers good mentorship opportunities. I would take a salary cut of 6 percent to 12 percent to work for a firm that Free food, cutting-edge mobile technology and a company’s rank as a «market leader» can help sell a firm as a desirable place to work — and a fun place for millennial workers to document on Facebook — but career-oriented millennials don’t see these perks as bargaining chips an employer can use in negotiating a job offer. Roughly 80 percent of millennials surveyed by Qualtrics said that health-care coverage is the most important benefit, while in-office perks, like games and sports opportunities, are the least important.
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On the flip side, 65 percent of millennials said it would take a salary increase of 20 percent or greater for them to consider switching jobs. Jon Salas, 28, recently took a big pay cut to leave the «cardboard dry culture» at a multinational human resources consulting firm where he felt isolated from bosses and colleagues. He accepted a job at a small public relations agency, where he could be heard by, and learn from, managers and different teams on a daily basis. The only way to go up was if someone left a position, and even then, you weren’t guaranteed the position,» said Salas, who now works as an assistant account executive at Hollywood PR in Boston, where the entire firm comes together every other week for strategy brainstorming sessions. According to Qualtrics, 80 percent of millennials say a culture that emphasizes personal growth is highly important. That means finding a place where learning is a long-term philosophy and comes from peers as well. Career growth and a collaborative work culture is also what compelled Jessica Grybek , 29, to opt for a job from a smaller, lesser-known firm that also offered less money — twice. We were all there together to accomplish the same goal, and everyone pitched in and did what it took to make it happen. Habitat for Humanity is well known for a mission that benefits communities, and that played a role in Grybek’s applying for the job, but «mission was not necessarily the No.
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Salaries can fluctuate between employers even for the same job. If you are applying for a job in a different industry or profession than where you are most experienced, you may see an even greater difference between the salary of your last position and your current job offer. Whether you should accept a job offer below your worth depends on a number of factors. If you get a job offer a week after your start your job search, a low starting salary for a new job may not look that lucrative. You believe that you know your self worth and may be confident that other employers will see your potential as well. But if you have been looking for a job for several months, you may feel differently. After a long period of unemployment, your savings may be depleted, and any salary sounds better than losing your home. You may have a better idea of what is a fair offer in the current economy.
Money is important, but it certainly isn’t everything — especially when it comes to your job.
The company may wonder if you would stay with the organization if you received a better offer. They also may be concerned about why you would work for a smaller paycheck. An organization doesn’t want to invest in training a new employee if they think they may not be working for the company for very long. If you’re considering a job with a lower salary, make sure you’re financially comfortable with the decision, and can comfortably live on the lower income.
Go through old boxes in the garage, attic and under the stairs. It might be less money that you would make somewhere else, but would it make your life harder to take less? If it is in some place like NYC you shouldn’t take it because you need to have more money to live there. This is easier if you are part of a band or dance troupe. Find a good space to set up. Only sign up for this if you are willing to be fully responsible for those in your care. If not, why not organize one? If you flourish in a cooperative atmosphere and are currently at a company where competition is rampant, friendly co-workers may seem more important than salary. Method 4. Completely understand where you’re coming from, and can sure empathize. Choose your niche.
Long-Term Unemployment
With these, you will be able to set your own price but you are also responsible for all organization, including including payment processing and shipping. Some sites offer cash rewards for completing varied online tasks, ranging from reading emails, filling out forms, completing surveys, playing online games or referring your friends. A pawn shop is a good option if you need to get some cash fast but don’t want to part with any of your belongings permanently. I’ll be graduating with my Master of Public Health in December. Continue Reading. By Alison Doyle. You could directly go around a colony and ask for any household or gardening or labour work during weekends. Are you going to sell a wide range of products or would you prefer to specialize in something specific? From a job seeker’s perspective, there are quite a few reasons to work for a lower salary:. Decide what kind of online store you want to set up. It might generate money without putting a single penny from you. When setting a date, be conscious of the time of year and be sure to take weather and temperature into account. I think I would accept it.
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Show less Everyone wants more money. But finding a job can be hard and time consuming. So instead of filling out applications and going through entire interview processes, try one of these easy ways to make money fast without a job! To make money fast without a job, try selling extra things around the house, like clothes or furniture, by having a garage sale or listing things on an auction site like eBay. Alternatively, get online and take surveys from a site with a good rating to earn a little extra cash.
Similarly, use a website like Dooyoo or Epinions to make money writing reviews of products and services. You can also offer help with babysitting or yard work to neighbors for a small fee. For tips on ways to earn some fast cash while doing things you enjoy, like cooking for shopping, read on!
To create this article, 94 people, some anonymous, worked to edit and improve it over time. Together, they cited 5 references. This article has also been viewed 1, times. Categories: Money Management for Young People. Log in Facebook Loading Google Loading Civic Loading No account yet? Create an account. Edit this Article. We use cookies to make wikiHow great.
By using our site, you agree to our cookie policy. Article Edit. Learn why people trust wikiHow. Author Info Updated: September 6, Learn more Method 1. Have a garage sale. A garage sale is a great way to get rid of unwanted household items and make money in the process!
Staples of garage sales include old clothing, books, toys, household knickknacks, lawn and garden tools, sports equipment, and board games. Larger items like furniture and occasionally home appliances are also sold. Garage sales take time and preparation, so make sure to start planning well in advance. Pick a date weeks ahead of time. This will give you time to plan and advertise your sale.
When setting a date, be conscious of the time of year and be sure to take weather and temperature into account. You are less likely to have good traffic on very hot or very cold days and rain is major deterrent. Advertise your garage sale in local newspapers, on community bulletin boards and on Craigslist.
The more people who are aware that your garage sale is taking place, the more people who will show up! Gather items for sale. This should be done in the weeks leading up to your garage sale.
Go through old boxes in the garage, attic and under the stairs. Walk from room to room and gather any items you no longer want or need. Attach a clearly written price label to each item. This will make it easier for customers and save you time on the day. You can use small adhesive labels, bits of masking tape or a sticker gun.
Enlist help from friends, family and neighbors. This will make your garage sale more manageable and less stressful. You will also have more fun this way! Have plenty of change. Go to the bank the day before your garage sale and get rolls of quarters, dimes and nickels and plenty of dollar bills.
Add interest to your garage sale by selling crafts, baked goods and beverages. Items like cookies and lemonade will sell well while also encouraging people to stick around a bit longer. Participate in a flea market. A flea market is a type of bazaar that rents space to people who want to sell or barter merchandise. You can sell all types of used goods at a flea market, though jewelry, household furniture and sports equipment are popular and profitable choices.
Find out the location of your nearest flea market. Talk to the vendors and find out if they are happy with traffic and sales in that location. Find out how much it costs to rent a booth at the flea market. Compare with other flea market locations. Find out when the flea market is open.
Some flea markets are open every weekend and some only once a month. Find out how booth space is reserved. Can you just show up on the day or do you need to reserve your space in advance? Are outdoor and indoor booths available? Figure out if you need a permit to sell goods at your local flea market. One time vendors may not be required to have a permit, but if you intend on vending on a regular basis a permit may be necessary.
Think about whether you’ll need tables, chairs or a tent to sell your goods. Find out if these items are available to rent. When selling, make sure to have plenty of change available as customers may only have bank notes. Offer paper or reusable bags for your customers to use. Rent your things. Renting out your belongings is a convenient way to make some easy money. More and more, people are unwilling to spend large sums of money on items they rarely use.
Instead, people are prepared to rent such items from thrifty people willing to lend their belongings for an appropriate fee. Luxury items such as holiday homes, boats and RV’s have always been popular rental items, but nowadays items such as vacuum cleaners, power tools and electronic equipment can also find enthusiastic takers.
The easiest way to advertise the items that you wish to rent is by using a website that connects local owners and borrowers. Zilok, Rentalic and SnapGoods are among the largest — serving as listing, reservation and payment portals made via the borrower’s PayPal account or a credit card. Dress designing or stitching. By starting a little business of dress designing you can earn money, by getting order from boutique or from common people.
Paint or craft. If you are creatively inclined, making and selling artwork and craft items can be a fun and rewarding way to make some extra money. Paintings, pottery, photographs, glass work, needlecraft and handmade jewelry are some good examples of artistic creations that can be sold for a profit. If not, why not organize one? Art exhibitions are a great vehicle for getting your artwork out there and generating interest with potential buyers.
Research whether there are any craft fairs in your area. If so, you may be able to rent a booth to display and sell your work at the fair. Be careful when pricing your artwork. Cheaper artwork is easier to sell, especially if you are an unknown artist. However, it’s also important that you cover the cost of your materials and make a profit. Sell entertainment. If you can sing, dance, play an instrument or perform a magic trick then why not turn that talent into a business? Find a good space to set up.
You want plenty of foot traffic but don’t choose anywhere too noisy, you don’t want to be drowned. Find out if you need permission to perform in that space.
Even if you don’t need an official permit, it’s common courtesy to ask the permission of any store owners within earshot. Set out a hat, tip jar or instrument case to collect your tips. Put some of your own coins or bills in the case, as this will catch the attention of passersby and encourage them to tip as well!
Perform at events such as weddings, local fairs accepting a job making less money children’s birthday parties. This is easier if you are part of a band or dance troupe. Come up with a catchy name and ask friends and relatives if you can perform at their events for free in order to get your name out .
Dave Ramsey Rant — QUIT Your J-O-B
Have you ever been tempted to accept a pay cut? When evaluating a job, there are many factors to consider in addition to salary: the job itself, your level of responsibility, your title, potential for future growth, and maling on. There are also compensation perks like vacation time, bonuses and company equity to factor in. So, should salary be your primary focus? Is there ever a good time to willingly take a pay cut? Here are seven times you leess consider taking a pay cut, and what accpeting experts had to say.
Do You Know What You’re Worth?
Ellis Group. David Bakke of MoneyCrashers. Plus, the health insurance benefit was better than at my restaurant position, and I had all major holidays off. Would starting your own business make you a more fulfilled and happy professional, and allow you to work in the manner that you want to? Sometimes a new job offer is a fantastic opportunity, like if you are dying to work for a specific company, or you are miserable at your mxking job and have the chance to nab your dream gig. It was my dream job … except for the salary. She excelled at her new job, and as the company succeeded, she more than reclaimed her old salary—after only a few years, she was making nearly double what she had at the old gig.
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