When to Take a Pay Cut - Career Advice Blog for Millennials

When to Take a Pay Cut - Career Advice Blog for Millennials When you weigh the pros and cons of a job role, you consider various factors: responsibilities, work culture, professional development opportunities, benefits and salary, for example. Additional perks sweeten the deal, such as generous vacation days and bonuses. How many times do you weigh your own well-being into the job acceptance equation? Hardly ever is the likely answer. You want to accept a job that provides stability and security with opportunities to advance. Thats not always the reality once you accept a job. You end up working long hours only to burn out and cant afford to spend time with your family, much less take care of yourself. These are signs you need a change. Sometimes, though, that change comes at the expense of a lower salary. Here are four times you may consider taking a pay cut for a good reason: Youre Switching Careers You feel stuck and need a career change. Career switches add an exciting element to life as you move from what you know into a new field. You work hard to train and learn the ropes while feeling enthused about starting a new career and the promising changes it brings to your life. Starting out in a new career comes with a few drawbacks. You may feel rushed to learn all you can quickly to secure a role in your new field. If moving from account management to marketing, for example, expect to take a pay cut as a part of switching careers. As your experience level grows, so will your salary. Youre Burned Out Do you return home feeling completely drained after work? Is there an after work? When you keep working to the edge of your mental, emotional and physical limits, you risk burning out, and burning out at work increases your risk of heart disease due to stress, inactivity and indulgence in negative coping mechanisms such as smoking and alcohol. About 42 percent of workers link irritability with stress at work, and pushing through the experience doesnt help. Healthy coping mechanisms, such as walking it off or phoning a friend, alleviate stress, but long-term tactics are also needed. In the short term, developing healthy coping mechanisms allows you to manage stress but will not eliminate it completely if you keep pushing hard. You need to dig out the root to eliminate the cause. In the long term, you realize that you need a different job without as many demands to regain your health and sanity. You must realize that such a job will usually pay less, but when it comes to your health, the tradeoff is worth it in the end. To Achieve Work-Life Balance, for Real When career takes too much out of your life, something must change to shift the elements back into balance. You may want to spend more time with family or on living your life to the fullest, but cant find the time. Flexibility and fewer hours at work are two goals that will help you achieve work-life balance and reduce your stress levels. The definition of whats considered full time varies depending on the source. Most people think of the traditional 40-hour workweek while others count at least 30 hours as full time, such as when it comes to the Affordable Care Act (ACA). Salaried exempt employees can work 30 hours each week to 168 hours â€" it varies that widely, and most people work over 60 hours. The workload differs among salaried exempt employees, who arent eligible for overtime the same way nonexempt employees are to be paid for working over 40 hours a week. So, dont count on overtime to fill in the pay gap if you accept an exempt position and you were previously employed in a nonexempt position. The lower number of hours will typically indicate a pay cut, but doesnt necessarily serve as the rule. Still, fewer hours and a flexible job role enable you to spend more time on what matters to you. If considering flexibility, look to remote work options and flexible scheduling, which will often come with a lower wage. Sometimes, employers will offer other beneficial tradeoffs for lower pay, such as increased vacation time. While youll have to plan around the pay cut, youll achieve your goal of a better work-life balance. You Want to Work for Yourself Working for yourself comes with many risks and rewards. The risk of failure hangs over newborn businesses in the first few years, as they struggle beyond survival to a thriving status. Many startups earn their success through being run by a knowledgeable professional who knows the ins and outs of a particular industry, but you may want to jump ship to the waters of a whole other kind of business. Expect to take a pay cut as you navigate the waters of running your own business, whether thats as a consultant, painter or head honcho of a micro-lending firm. Allow yourself enough to get by and cover your health insurance costs while meeting your business needs â€" itll take at least three to six months to break even in the first year. Later, you can analyze your overhead costs and decide upon a raise. Give yourself permission to bring home less money. Stereotypes and associations with status are sometimes ingrained so subtly into peoples minds that they feel guilty about taking a pay cut to make their lives better. Accepting less money to lead a healthier and more satisfying life does not make you selfish in a negative way, and it doesnt mean youll be destitute, either. Its OK to take a pay cut when youre not satisfied with your career, experiencing financial challenges, feeling burned out or want to achieve a better work-life balance. Its especially expected when you start a new business. Take the pay cut to make the rest of your life flourish. For more tips on navigating career challenges, subscribe to Punched Clocks. Continue the conversation by commenting or sharing. Get everything you need to build a career you love by signing up for the newsletter.

A Word Processor Personal Resume Example

A Word Processor Personal Resume ExampleYou may not be surprised to learn that many people end up getting their dream job based on a resume sample from a career center. As your resume is no doubt the first thing you will see when applying for a job, you should want to make sure that it is well designed and professional looking.To ensure you are successful at writing a resume, you should not try to give your reader any extra information that they do not need. Your resume should give a clear idea of your job profile and how you would fit in as a match for the position. You should be aware of the requirements of the position before beginning to write your resume. The job description should clearly define the skills and experiences that you have that you believe would be helpful in the position.The home mom resume example provided below is created in Microsoft Word, the most popular word processing program used to write resumes. You should feel free to alter the content as you see fit. W hen you are writing a resume that is going to be submitted for job interviews, it is important to have a professional look, that is well written, professional and appropriate.The job is a stay at home mom. You have taught yourself about computer skills such as designing word documents and sending email. You have knowledge of technical skills and you have a family history of contributing to your family. As a stay at home mom, you have the ability to be open to change, innovate and learn.Having a job description such as this gives the employer a clear idea of what the actual job is and how it would fit within the company. It is one example of how a resume is used in job interviews. A resume example such as this will demonstrate you have writing skills that are specifically appropriate for a job that you are applying for. A resume example should provide an insight to what skills would be needed in the job and what your qualifications are.If you are applying for a position as a field as sistant in a health club, a resume example that lists you as a cook or a secretary would be totally inappropriate. Having other professions listed as positions of responsibility in your resume can give the employer a sense of your experiences and abilities. You should not list the positions in the resume example with the word manager, administrator or director as examples of titles.Additionally, if you have been out of school for a while and you are applying for a position that requires a college degree, it is important to include the most appropriate school you attended as your educational background. Your education background should reflect your abilities as a student and as a professional.

The Fundamentals of Professional Summary for Resume Examples Revealed

The Fundamentals of Professional Summary for Resume Examples Revealed Employers should additionally not know whether you're single. Managers and executives should center on business skills and technical expertise even should they fall into a technical industry. Organizations are increasingly turning to the web to locate new talent and employees. Resume is a type of document utilized by individuals that are seeking for employment. You're going to compose a resume summary which gets many more interviews. Prioritize the information which you need to convey in the document and if you do have to attend a second page, make sure the absolute most important things are listed on page one. In the 1960s it used to be somewhat popular to incorporate a great deal of personal info on your resume. OurA Sample ResumesA for expert summary come with each available examples from other job categories that may secure any user covered. In order to make the most of your accounting and finance re sume, it's also wise to have an MBA or some equivalent small business education too. The resume summary will act as their sales pitch. The absolute most helpful summaries target one career objective. Top Choices of Professional Summary for Resume Examples A summary may be quick paragraph of 2-4 sentences or a brief phrase or sentence introducing a set of 4-8 bullets, based on the communications style you would like. 1 A resume summary is a brief, snappy introduction paragraph that gives you a summary of your very best work. Based on who you ask and the way you're using it, summary statements can be a whole waste of space or an overall game changer. Additionally, when writing, it's fantastic to have accessibility to some sort of support or help that could get you the needed answers to your questions. The Secret to Professional Summary for Resume Examples To find out more on what it requires to be an Office Manager, take a look at our complete Office Manager Job Description. The summary was made to provide the possible hiring manager a reason to carry on reading your resume. You only ought to put jobs on a resume that relate to the role accessible. A strong summary statement at the peak of your resume can increase the possibility of them noticing what you've got to offer from the beginning. You may want to look at a qualifications summary which we outlined in last week's postbut if you simply need to have a summaryhere are a couple of examples to help you begin. With a summary statement, you're still able to emphasize your abilities and accomplishments, but could also highlight your individual brand. When writing your statement, it's important to contemplate where you're in your professional progression. All right, therefore a career summary is a great thing. If you're serious about acquiring a job that you dream about, then receive all the tips, templates, and techniques that will provide you with the very best possibility of getting your fant asy job. Your resume does not have to include absolutely everything you've ever done. Revamping your resume in front of a work search is almost always a good idea. How to Choose Professional Summary for Resume Examples Based on your degree of experience and the jobs you're applying for, what you decide to concentrate on in your resume summary might vary. On the flip side, the moment the work applicant has strong experience, there isn't any need to trust the academic training any longer and it doesn't need to get mentioned. If you follow the advice above you will have an interesting, compelling resume summary that is likely to make the reader want to find out more about you even regardless of your lack of work experience! Whilst you write your summary for your resume, attempt to consider what you want them to discuss with you, and what exactly you desire an opportunity to discuss.