18 Apr 2019
They are a personal finance portal in Singapore where users can compare different personal finance products like credit cards, insurance, and loans. Earlier this year they received a $10m Series B funding. They have great culture, new skills that would make me very marketable, they have a stringent hiring process (4 rounds) so I think the people they hire are of certain standard and that I would be working with good, talented people. I am single, no debts and no heavy financial commitments.
Sounds like the pay cut is the only thing stopping you.
17% pay cut sound like a lot, to be honest, I wouldn't take it if i'm still holding on to the previous job. Maybe you need to compare the pay to standard market rate instead, hopefully, it makes you feel more comfortable about the pay given.
Since you already left the old company, and feel that this new one works for you. Then why not, especially if taking the job would make you more marketable if you decide to leave later.
Based on the information you gave, I will say, Why not? Go for it since you have already evaluated the pros and cons of this job and seems like, this is more to gain despite of the pay cut. I previously also accepted a job at a monthly pay cut of 10% but eventually I had an overall annual increment of 10% because of the company’s unique pay scheme structure.
Look beyond the non tangible benefits. No doubt there's a lower pay, but do you think joining this company will be a springboard to something greater down the road? If so, sign on the dotted line! Do ask about other benefits as well, like equity.
All the best!
Personally I will not take a new job for a pay cut
assuming you perform average and the average pay rise is 2-4% it is a long way to crawl back to the original salary.
Unless you are a high flyer and can execute. in that sense you might get a pay rise and promotion that will quickly put you back in line or even better than before.
This is a question best answered based on your abilities to execute and network your way to the top.
Go for it!
Read 5 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts