Dear Forum Members,
Please is it ok for a person to accept a lower renumeration than ones present salary package as a result of job change. And under what conditions can this happen if its possible.
Thanks
From Nigeria, Ibadan
Please is it ok for a person to accept a lower renumeration than ones present salary package as a result of job change. And under what conditions can this happen if its possible.
Thanks
From Nigeria, Ibadan
Hi,
To my knowledge it is not advised to accept any job which offers you a less remuneration that what you are currently getting. Coming to the rest 10 percent,
if you think that there is going to be a drastic growth in the field that you have selected, say for example accepting a retail outlet job last year was to compromise on the salary, but today if you see there is a lot of demand to the same.
A case where you are going to get an opportunity in a field where There is only recruitment of experienced professional but some how you got hold of a company which cannot pay a high salary but still require people who would work on that domain.
The third case is something where it is your dream job and currently the employer is at present unable to pay you the amount what so ever you are demanding.
So I think these are some of the cases where you can compromise on the pay.... may be there are few more reasons......but for the time being hope this help you ....
Regards
Kumar M
From India
8To my knowledge it is not advised to accept any job which offers you a less remuneration that what you are currently getting. Coming to the rest 10 percent,
if you think that there is going to be a drastic growth in the field that you have selected, say for example accepting a retail outlet job last year was to compromise on the salary, but today if you see there is a lot of demand to the same.
A case where you are going to get an opportunity in a field where There is only recruitment of experienced professional but some how you got hold of a company which cannot pay a high salary but still require people who would work on that domain.
The third case is something where it is your dream job and currently the employer is at present unable to pay you the amount what so ever you are demanding.
So I think these are some of the cases where you can compromise on the pay.... may be there are few more reasons......but for the time being hope this help you ....
Regards
Kumar M
From India
Could be due to lots of reasons:
1) Change in Industry.Service industry employees earn relatively more than manufacturing people.
2) Companies have their own salary structures for each level. Most of them dont deviate much from these structures.
3) If the person has been unstable in his previous employments
e.g. say I had joined my current employer 3 months back and am already looking for a change.My new employer may not give me a hike on my present salary.They might consider my previous employment's gross salary and give some % increase on that.
4) And hey...if I am relatively unhappy with my current work profile or environment ,I might want to change my job and might accept a challenging offer at a lower salary too.Money is not the only motivator. :)
From India
1) Change in Industry.Service industry employees earn relatively more than manufacturing people.
2) Companies have their own salary structures for each level. Most of them dont deviate much from these structures.
3) If the person has been unstable in his previous employments
e.g. say I had joined my current employer 3 months back and am already looking for a change.My new employer may not give me a hike on my present salary.They might consider my previous employment's gross salary and give some % increase on that.
4) And hey...if I am relatively unhappy with my current work profile or environment ,I might want to change my job and might accept a challenging offer at a lower salary too.Money is not the only motivator. :)
From India
Kumar,
I somehow dont agree with your stance that it is not advisable to accept a job at lower renumeration.You have yourself mentioned reasons why a person might accept such a job.
Money is not the only factor that retains employees.And from the HR point of view,if you have employees who are staying on only for the money and not for the challenge of work ....they arent the right people to be retained.
There are other factors more important than money.No wonder mosr companies are moving towards Non Financial Rewards as a way to retain talent.
For a truly talented employee,who seeks to grow along with the organization he works in, once the enthusiasm to work and improvise is lost,no amount of money can retain him.
From India
I somehow dont agree with your stance that it is not advisable to accept a job at lower renumeration.You have yourself mentioned reasons why a person might accept such a job.
Money is not the only factor that retains employees.And from the HR point of view,if you have employees who are staying on only for the money and not for the challenge of work ....they arent the right people to be retained.
There are other factors more important than money.No wonder mosr companies are moving towards Non Financial Rewards as a way to retain talent.
For a truly talented employee,who seeks to grow along with the organization he works in, once the enthusiasm to work and improvise is lost,no amount of money can retain him.
From India
Hi Samaira
I do agree with you, but my intention was to put across that there is no point in accepting something less when you deserve much more than that.
If a company has been paying you some X amount because you are worth that amount and if you are trying to accept for someX-Y amount with the new company, it is most of the times means that you are underselling yourself.
And about the other non financial benefits, every comapny is working on that so you can expect it from any company.
May Be I am wrong but I dont like any one to undersell themselves.
Regards
Kumar M
From India
I do agree with you, but my intention was to put across that there is no point in accepting something less when you deserve much more than that.
If a company has been paying you some X amount because you are worth that amount and if you are trying to accept for someX-Y amount with the new company, it is most of the times means that you are underselling yourself.
And about the other non financial benefits, every comapny is working on that so you can expect it from any company.
May Be I am wrong but I dont like any one to undersell themselves.
Regards
Kumar M
From India
Thanks Kumar and Samaria for your comment and contributions.
I really appreciate your lines of thought and i think they are both right.
Though i feel the overidding motivating factor of the individual will be the deciding factor.
As much as money should not be the final factor to consider but where it will create a source of disatisfaction for the individual in future ( may be he/she cant meet up with his expenses, we all have financial commitments) or cause a feeling of inferiority complex regardless of the enviroment, then the person should not take it. Unless the person does not need money as a motivator.
Remeber that CEO's are also classed becuase of the bottom line.
Thanks I still welcome contributions from other forum members.
Lawal
From Nigeria, Ibadan
I really appreciate your lines of thought and i think they are both right.
Though i feel the overidding motivating factor of the individual will be the deciding factor.
As much as money should not be the final factor to consider but where it will create a source of disatisfaction for the individual in future ( may be he/she cant meet up with his expenses, we all have financial commitments) or cause a feeling of inferiority complex regardless of the enviroment, then the person should not take it. Unless the person does not need money as a motivator.
Remeber that CEO's are also classed becuase of the bottom line.
Thanks I still welcome contributions from other forum members.
Lawal
From Nigeria, Ibadan
Dear All,
It is the situation and factors like growth, necessity, proximity, facilities which matters an individual makes him/her to opt for a job though the remuneration may be lesser than the current one.
After all it depends on individual to individual and even for a same person it matters when it is considered as imminent.
Rajan
From India, Mumbai
It is the situation and factors like growth, necessity, proximity, facilities which matters an individual makes him/her to opt for a job though the remuneration may be lesser than the current one.
After all it depends on individual to individual and even for a same person it matters when it is considered as imminent.
Rajan
From India, Mumbai
Hi
If you will be carrying out the same job functions of your current job in your new job then it is not advisable to settle for a lower pay.
But if you will in your new job there will be scope for more learning and better growth opportunity in the future then accepting a lower salary right now should not be a problem.
Also you have to keep in mind a lot of variables like the size of your current company as compared to your new one, Location factor, type of industry etc.
Hope this helps.
From India, Panaji
If you will be carrying out the same job functions of your current job in your new job then it is not advisable to settle for a lower pay.
But if you will in your new job there will be scope for more learning and better growth opportunity in the future then accepting a lower salary right now should not be a problem.
Also you have to keep in mind a lot of variables like the size of your current company as compared to your new one, Location factor, type of industry etc.
Hope this helps.
From India, Panaji
Hey guys..
There are various reasons that you have mentioned for going in for a job where you might be going in for a lower salary..
BUt what would you say to a person who has gone from being a Dy. Manager - Finance to a Sr. Executive.
He got Better Salary.....and Bigger organization....
I had mixed feelings about this person...
The reason he wasnt given the same deignation was that we needed a CA for that post but he wasnt one.....
From India, New Delhi
There are various reasons that you have mentioned for going in for a job where you might be going in for a lower salary..
BUt what would you say to a person who has gone from being a Dy. Manager - Finance to a Sr. Executive.
He got Better Salary.....and Bigger organization....
I had mixed feelings about this person...
The reason he wasnt given the same deignation was that we needed a CA for that post but he wasnt one.....
From India, New Delhi
Hey Sush,
Going from a higher designation to a lower has the same logic as salary.The employee must have been attracted by the better package and the profile.Hence must have decided to join at a lower position.
Though being deported 2 levels( Deputy Mgr-> Asst Mgr-> Sr Executive) is slightly uncommon. He would have a lot of clarifying to do if he decides to change his job once again.His new employers will not be amused.!And yes, the next jump he would get would be that of Asst Mgr and not Manager.
He has joined probably just for the raise in money.
From India
Going from a higher designation to a lower has the same logic as salary.The employee must have been attracted by the better package and the profile.Hence must have decided to join at a lower position.
Though being deported 2 levels( Deputy Mgr-> Asst Mgr-> Sr Executive) is slightly uncommon. He would have a lot of clarifying to do if he decides to change his job once again.His new employers will not be amused.!And yes, the next jump he would get would be that of Asst Mgr and not Manager.
He has joined probably just for the raise in money.
From India
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