She Strengthens

When Taking a Step Back Means Moving Forward

Career Progression Isn’t Always Linear

I’ve always emphasized the importance of knowing your worth and negotiating your way up the career ladder. However, I recently found myself in a surprising situation – taking a pay cut. But here’s the twist: I don’t regret it one bit.

The Perfect Storm

There are certain circumstances where a pay cut can be the better option. For me, it meant:

• Better Learning Opportunities: Growing with a team of experts in my field
• Improved Benefits: Access to exclusive employee investment programs
• A Shorter Commute: More time for personal activities and less stress
• A Positive Team Environment: Collaborating with like-minded individuals who share my passion
• A Better Bonus Structure: A 10% bonus and potential for future increases

The Troublesome Past

My previous job started out as an exciting opportunity but quickly turned into a nightmare. The company was run by a married couple whose relationship was on the rocks, and I found myself caught in the middle. The situation became increasingly toxic, with employees being asked to take sides and engage in uncomfortable activities. I knew I had to leave, but finding a new job wasn’t going to be easy.

A New Chapter

Luckily, I landed a new job in under two weeks. This time, I’m working with a well-established company in the real estate investing industry, surrounded by experienced professionals who share my passion. The culture is thriving, and I’m finally part of a team that knows the industry inside out.

Negotiating the Deal

When the recruiter offered me a salary 10K lower than my previous job, I didn’t hesitate. I did some quick math and asked them to consider a base salary of 87K instead of 80K. They countered at 85K, and I negotiated a guaranteed review six months in.

The Finicky Details

It’s essential to consider all the details of an offer, not just the base salary and bonus. My new company offers employee investment programs with returns of 8-25%, which I wouldn’t have access to otherwise. These added benefits make the pay cut worthwhile.

Weighing Your Options

If you’re considering a pay cut, remember that it might be worth it. Just ensure it’s your perfect storm – a combination of factors that outweigh the decrease in salary. Don’t be afraid to negotiate and get everything in writing. Sometimes, taking a step back can lead to a giant leap forward in your career.