[Unexpected upsides to accepting a lower salary]

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[unexpected-upsides-to-accepting-a-lower-salary]

If there is no room for your potential employer to move on the salary, your next step should be to determine whether you can afford to live on the lower salary. To do this, put together a budget that outlines your essential expenses and the things you could cut back on to determine the minimum salary you could accept.Jay Munro is head of career insights at Indeed.If you’re confident the lower salary is sustainable, you should next identify whether the pros of accepting the lower salary will outweigh the cons.One pro of accepting a job that pays less is for the “passion payoff”. This is the perceived personal value of working for a particular brand, cause or on projects that mean more to you than a higher pay check. Having the feeling that your work is meaningful can help improve your mental and physical well-being throughout your career, so consider whether this new job ticks these boxes despite the lower salary.Aside from what a job might mean to you personally, a job that pays less than another could also deliver other values you may want to consider. For example, the company may have flexible and remote working arrangements that give you the opportunity to attend to personal or family commitments outside of work, or simply have a better work-life balance.On the other hand, if the company has an established framework for professional development, you could have plenty of opportunities to learn new skills that can help you to stay relevant in an evolving industry and even secure a higher salary later.LoadingFinally, don’t immediately pass up lower-paying jobs without having a clear understanding of your potential employer’s pay scale or salary review scheme. While some employers might be prepared to offer you a higher salary from the start, others might have more frequent salary reviews and steeper pay raises which could see you better off in the long term.And you shouldn’t be afraid to discuss this with your potential employer before accepting a role – it could show initiative and that you’re willing to jump on board and prove your worth.While salary is important, there are also many other factors to consider when deciding whether to accept a job. By following a few best-practice guidelines, you can ensure you don’t miss out on a great career opportunity, even if it isn’t obvious at first.This content was produced in commercial partnership with Indeed.

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