After enduring nerve-racking interviews after another, you’ve finally have received a job offer for the position you’ve always wanted – a job you’re knowledgeable at, in a field in line with your expertise.
However, something is stopping you from accepting the position – the low salary.
A salary, which is significantly less than you expected, is often seen as a deal breaker. Besides, you get up and work to get paid, right? However, you shouldn’t close the doors to these opportunities if they can provide you with other great things that may be better than hard cash – great things that’ll benefit you more in the long run.
If you’re currently looking for a job, here are seven reasons worth contemplating to decide whether to stay in a low-income position or walk away.
1. You’re in a Rewarding Company Where You Can Grow
No high salary can beat the feeling of getting acknowledged for the hard work you put through – plus the promise of leveling up, career-wise and money-wise.
A great company has a lot of room for growth and development. You won’t do the same things over and over again from 9 to 5 for the rest of your life. Here, you’ll discover new things, learn new skills, and notice you’re eventually developing.
Earning a basic pay in a company with an excellent culture and work ethics wherein your ideas and efforts are valued and acknowledged are better than working in a high-paying dead-end job in a company that doesn’t care about employee engagement, satisfaction, and growth.
As you grow with the company, you might get a chance for higher pay, better benefits, and better job title.
2. You Now Have a Better Job Title
A better and shinier job title can be fair compensation for the low salary. After all, a higher and more impressive job title earns more respect within the company.
This opens doors to new, exciting experiences, both comfortable and demanding, like finally exercising your acquired skills in college, leading people, and handling big projects for the firm.
You may use these to your advantage when you negotiate a higher wage in the future after a performance review or seek a higher pay when you start looking for a new job.
3. You Love What You Do
Aside from the title itself, the love for the task you do gives you another reason to stay.
Let’s say you have been doing tasks you’re not comfortable with for the past three years. The job pays high, but you’re always under extreme stress in a toxic work environment, doing the things you don’t enjoy.
You only work to earn – to survive, so you turn a blind eye to the tedious tasks that have nothing to do with career growth and satisfaction.
It would be such a relief to be given an opportunity in a position you excel in and work in a field with which you’re familiar. When you know you’re passionate about what you do, coming to work wouldn’t feel like a nine to five Monday to Friday punishment.
4. You Love Where You Work
It’s nice to spend the majority of your precious waking life in a place that encourages work-life balance, right?
A working environment that supports your physical and mental wellbeing may compensate for the low pay. Next to the proximity of your workplace to your home, which is vital in maximizing your time and energy, the culture of your workplace is one great consideration.
To start, the workplace should be conducive to productivity, with shift hours being humane and reasonable. Next, it’ll also be ideal to work in a place where there are no toxic people, a.k.a the gossip lovers, workers with crab mentality, and folks who use office politics.
5. You Pay Lower Taxes
The less money you earn, the less tax you owe to the government. Trivial as it may sound, it’s nice to know that you can keep most (or even all) of your salary inside your pocket. Your paycheck will stay right where you want it – your savings, retirement, and emergency accounts.
6. The Cost of Living Is Low
Sure, you have fewer take-home pays, but think about how the everyday expenses you offset.
For example, your previous job in the city forces you to travel for two hours every morning and another two hours every night. Think about the transportation expenses, as well as the steep price of food available in the vicinity.
If you don’t want to travel back and forth, renting space near your office is an option. Not only these costs are eating up your salary – the poor quality of life, such as the time and energy wasted travelling, may lead to having burnouts.
That makes accepting a job near you, despite the low rate, ideal. If you have the resources, you may also consider shifting to telecommuting or “work from home” where you’re in control of your time and won’t have to report to a physical office.
7. You Receive Great Benefits
Your monthly salary is the most crucial part of your earnings as a dedicated employee. But it’s not the only thing you receive from the company. You earn other benefits, and these incentives differ depending on the company.
You earn medical benefits. Perhaps your new job pays better for medical expenses should you need to go for a checkup and hospitalization. You may gain experience.
For instance, you might get to travel abroad for corporate meetings. You may earn bonuses or incentives after a good performance review. Even small benefits like free coffee and lunches or Friday company lunch outs are of great help.
These benefits may not replace hard cash, but they help shell out the money to provide those things yourself.
We’re not encouraged to cave in and accept pennies when you could earn a bunch of dollar bills somewhere else. You should understand your worth, negotiate, and decline the offer if it doesn’t satisfy your financial and career needs.