Taking Pay Cuts: Forget the "I'm Insulted" Drama
When looking for a job or even when in a job , now normal is this: reduction in compensation. What's driving that could be as simple as employers having the upper hand and knowing they can get away with lowballing pay. And/or, the business contends more funds have to be invested in growth strategies such as implementing AI. Another possibility is that financial performance is dismal. Being offered compensation below what you expected isn't new, though. One of my first coaching clients had been a laid-off speechwriter who decried that a freelance assignment was for $1,000. Normally that was a $2,500 contract. Back then the I'm Insulted theatrics were standard. But the pragmatic guidance I gave was: Take it. It's a fresh sample for your portfolio. Your skills don't atrophy. It is income. Hold the drama. Essentially, I give the same advice now. My signature mantra kicks in: Work gets you work. That job or contract assignment serves as a platform to hustle for som...