On the job market, pay cut has been a great reward to people who change careers under the notion of "being new to the industry". Liz Ryan CEO of Human work place shares her perspective on the matter and suggests that, your story on the new arena is just as powerful as it was in the old.
Liz shared her perspective on career change and pay cut as a reply to a letter drafted by Georgi, a former physical therapist who transitioned to being a physical therapy manager for over twenty years and is currently transitioning to healthcare practice management.
On the reply Liz begins by wiping off the 25% pay drop by reminding Georgi that there is no established rule on salary drop that any career changer should expect. Career change for any one is more of scope expansion after mastering the control of the current career.
To know better of what you are going to be exposed to, Liz recommends on a web and magazine search of the new path you are about to tread. The search should be particularly on the salary and pay scale in all paths you were involved in and the one you are looking forward to.
According to Forbes, Liz highlights on how ridiculous the "new to the industry" notion is while Trellis Usher, founder of HR Company T.R. Ellis Group, thinks it is illogical and unreasonable to expect a high pay while you have almost zero experience on the job. Trellis thinks it is worth to endure the pay cut because in a period of a year or more you will receive a pay jump.
Liz argues that if you are new to the industry as they claim, why did the board pick you over the ones with the industry experience and not send a no thank you letter to you?
A logical argument such as that will be understood beyond reasonable doubts and a promissory statement on reconsideration of your pay will be discussed with the board. Therefore, do not under estimate your value on a slight career change. Your experience is just as real and it is what is needed.
Forbes reports that there are very few reasons to accept a lower pay in a new job. These reasons include when you are considering a career change and when looking for balance in life.
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