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#82403 - 02/15/05 06:27 PM
Enduring pay cut
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Member
Registered: 10/01/02
Posts: 492
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Nice title, ain't it? I'm sure many of the veterans here can comment on this....please share your thoughts: Work for a pretty good company, decent pay, etc..but have grown 'old' at present position (almost five years). Plus recent changes in the dept shifts the morale from friendly environment to 'let's go work at the grind'. Enthusiasm is definitely less than before (going to work with dreams of getting out of the present job), VERY long hours (weekends, etc), new authoritarian(?) management have difficulty in hearing suggestions and very little people skills. Now.... An opportunity may come soon, but you'll have to take a pay reduction (a bit under 10%). This new company is growing, and voted supposedly one of the best to work in the area. Company is MUCH smaller (100 people as supposed to 2500 people), so one may be taking a pay cut. Heard through the grapevine that the people are cool to work with. Everything else about the same as far as compensation (except stock option). Provided you guys don't have credit card issues, and other pressing financial issues (and you're making an 'ok' money at this point, meaning 10% pay cut won't hurt the ability to pay bills etc). Would you take the plunge with that pay cut? Comments appreciated. JLJ
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#82409 - 02/16/05 05:00 AM
Re: Enduring pay cut
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Senior Member
Registered: 11/19/02
Posts: 2866
Loc: Tampa, FL
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Well, I say NOT SO FAST!!!
I was in the same position as you. I was considered a "High Potential" employee with my current firm and management 6 years ago, then all of a sudden the management regime changed.
I found myself surrounded by self centered, politically minded, arrogant do nothings. (Sort of like the Super Bowl Commercial with the Monkeys).
Anyway, to make a long story short, I became desparate at my job. I now hated my once cherished and loved job. I DECIDED TO STICK IT OUT. Why let some incompetents run me out of town.
I started networking and I did an end-around to my clients by providing them with spectacular customer service and guidance. They in turn propped me up with management and soon I was able to work on some new projects, but in the same position. I then started adding more and more resources to my staff to handle more of these projects, and low and behold I had a small little empire going.
Now, all the incompetents have been either fired or made irrelevant, and I am now the "go-to" guy when people want things done. I have a new boss who loves me and I him. Things are just great and I was just rewarded with a nice 10% salary increase and huge bonus.
My point is; Jobs are cyclical. I chose to be patient; not imprudent, but patient. I stuck it out and also stepped up my efforts a notch to get out of my "Comfort Zone".
So far so good.
My advice; stick with it, but change your attitude to a more positive one and look for opportunity, not a way out!!!
Best Regards, Al
[This message has been edited by kbrkr (edited 02-16-2005).]
_________________________
Al
Pa4x - LD Systems Maui 28 - Mackie Thumps
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#82410 - 02/16/05 06:21 AM
Re: Enduring pay cut
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Senior Member
Registered: 12/08/02
Posts: 15576
Loc: Forest Hill, MD USA
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Originally posted by Tony Rome: If you don't, you'll kick yourself in the ass for the rest of your life for not knowing!!!! I've lived a long life and done lots of crazy things. Some didn't pan out, but as Tony said above, go for it. Of course, much of the risks involved will depend upon your age. If you are relatively young, and I stress the term relative, you still have lots of time to recover if this turns out to be a bade move. If you're an old fart like me, the risk is obviously greater because of the decreased ability to recover any loses. Good Luck, Gary
_________________________
PSR-S950, TC Helicon Harmony-M, Digitech VR, Samson Q7, Sennheiser E855, Custom Console, and lots of other silly stuff!
K+E=W (Knowledge Plus Experience = Wisdom.)
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#82411 - 02/16/05 08:11 AM
Re: Enduring pay cut
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Member
Registered: 10/31/04
Posts: 535
Loc: North Eastern Calif.
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[QUOTE] from Gary
Of course, much of the risks involved will depend upon your age. If you are relatively young, and I stress the term relative, you still have lots of time to recover if this turns out to be a bade move. If you're an old fart like me, the risk is obviously greater because of the decreased ability to recover any loses.
Good Luck,
Gary
Age is the determining factor. I'm grabbing at 70,in younger years I went thru numerious jobs, never enjoying any, mostly politics, and boredom. About 30 years ago finally got smart and went in business for myself doing what I like working with my hands meeting people and being outdoors, and making all the decisions. (when it's right can't help from being sucessful). So do your thing would be my advise. also keep the retirement in sight at all times, the money on the end is most important for a happy ending...........Pose
_________________________
Support the arts FEED a Musician Cheers....Pose
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