Page 7 | Fantastic new job opportunity but very uncomfortable with pay WWYD?

Blossomtoes · 02/07/2021 15:43

@Viviennemary

No. Don't take it. Unless you are prepared for a total downgrade due to your personal circumstances.

Nothing downgrades your personal circumstances like being out of work!

Original poster

Exemochick · 02/07/2021 16:57

Hi all, thank you so much for all your insight. What I perhaps didn't make clear enough was that the new role is 14k lower than my previous permanent salary and not the contracting role I have been doing in the interim. The contracting rate is of course higher but I have had work cancelled at short notice in recent weeks. I am aware that this is a risk I chose to take contracting. We have moved from London to another high cost area in the South East.

OP posts:

TheKeatingFive · 02/07/2021 17:04

I wouldn’t. That’s a big drop to have to claw back.

HalzTangz · 02/07/2021 17:09

@Exemochick

This week I have interviewed for a fantastic new role that I am really excited about. It is a job that is relevant to my field but in a different area that requires my specific expertise so really a bit of a career change. I have met the team, everything seems great apart from the salary. I am expecting to take a bit of a paycut as I am new to this area but I will be paid 14k less per year than I was getting in my old role, the same amount I was making as a new graduate years ago. I have tried to negotiate the salary but with little leniency as apparently it wouldn't be fair to others who previously have started on the same amount. I am absolutely torn about what to do because on one hand I don't want to let this opportunity go but I'm very concerned about getting into debt and not being able to afford the lifestyle I am accustomed to every month. What would you do?

I would see what cut backs you can make to your monthly spend, that will help decide if you can take the paycut or not

Viviennemary · 02/07/2021 17:10

Couldn't agree more Blossomtoes. I thought OP was leaving a permanent job to take 14k drop.

OnTheBoardwalk · 02/07/2021 21:21

There really is no future in contracting at the moment everything is inside IR35 and contractors deemed outside are now losing cases

inside IR35 you get no benefits

I’ve just taken a permie job with a huge drop against my contract day rate but the benefits are amazing and they want to invest time and effort into me

OnTheBoardwalk · 02/07/2021 21:23

Saying that I wouldn’t get in debt for a new role. What will happen if you don’t get new contract or more jobs get cancelled short notice!

HaveringWavering · 02/07/2021 22:08

@Exemochick

Hi all, thank you so much for all your insight. What I perhaps didn't make clear enough was that the new role is 14k lower than my previous permanent salary and not the contracting role I have been doing in the interim. The contracting rate is of course higher but I have had work cancelled at short notice in recent weeks. I am aware that this is a risk I chose to take contracting. We have moved from London to another high cost area in the South East.

Yes, many many posters understood that point and explained it on your behalf. What do you think of the advice and what is your thinking now?