A recent survey found that 68% of Americans would take a pay cut for more satisfying work and that almost 25% of workers would take a big pay cut.
Even so, employers often balk at hiring people for less money than they have been making because they fear they will leave when they find a better job.
What If You’re Willing to Take a Pay Cut?
But what if you’re willing to make less? Then address the concern head-on and right away in your cover letter.
Cover Letter Language
One of my clients is making a change to more rewarding work. The change will entail a big pay cut for her.
I love the words she used to describe this in a recent cover letter to a hiring manager. Shared with her OK, here is the paragraph she used to address possible concerns about her pay:
I know that a move to [type of job] will mean a significant cut in pay for me, but I am now in a position where I don’t need to make as much money as a [current title] at [current company] makes. Rather, I’m looking to make the most of everything I’ve learned over the past 15 years by bringing it all together and applying it as a [title] in the [name] field.
Simple, direct, and honest. My client shares that she can afford a pay cut and her motivation for taking the cut.
As a recruiter, I find her explanation more than adequate. Because of this, I wouldn’t consider pay a negative in recruiting her — as long as the new job fits the career change she wants to make.
Whether you’re making a voluntary or involuntary job change, if it involves a pay cut, let recruiters and hiring managers know you’re OK with that and why you’re OK with it.
Image: Rob Hyrons
Updated May 2019
© 2013 – 2019, Donna Svei. All rights reserved.
Donna Svei, an executive resume writer and former C-level executive, retained search consultant, and CPA, authors all of AvidCareerist’s posts. She has written for and been quoted by 100+ business, general, and career media outlets, including Forbes, Mashable, Fast Company, Entrepreneur, Time, CBS, the BBC, Lifehacker, Ask.com, Social Media Today, IT World, SmartBrief, Payscale, Business News Daily, and the Muse.
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