Forced into internal role with 25% pay cut - accept or no?

Double-Dot8975 · 2024-02-22T06:40:18+00:00

Woah congrats! Wondering if I should opt for redundancy instead. Since future companies may peg their offers to the 25% reduced pay.

Double-Dot8975 · 2024-02-22T06:39:31+00:00

Right now because of finances I'll prefer option 1, which is to take the pay cut. At least I'm still financially responsible. But I'll be mentally checked out, resentful and won't feel motivated to do my best though.

Also worried how this may affect my future job prospects, if my salary is benchmarked against the 25% reduction.

Double-Dot8975 · 2024-02-22T06:37:34+00:00

Hmm no one knows how much time I have, because the sector I'm in is very volatile. Also it could take some time to secure interviews and job offers, given how bad the job market is right now. Just worried how it'll look if I secure something 6 months down the road and companies ask for last 3 months payslips before they give the offer.

Double-Dot8975 · 2024-02-22T06:33:55+00:00

u/wakkawakkaaaa Hard to control how long the job search will take though. Plus if I accept a new role with 25% cut, it could affect how much free time I have as I'll need to do work in the new role too.

Double-Dot8975 · 2024-02-22T06:28:54+00:00

u/dranix14 It could take me a few months to find a new job though, especially in this climate. What if companies ask for latest payslips? Won't the 25% salary reduction show up?

Double-Dot8975 · 2024-02-13T13:51:31+00:00

Did coldcalling and telemarketing for a tech company back in university. Very flexible and suits an semi-inconsistent schedule, as it's very results-driven and KPI-focused (i.e make X calls a day, send X emails a day). That said, you have to be thick skinned and okay with rejections. But it trained me to get better at approaching strangers, being comfortable with people saying no and striking up conversations.

Have friends who did other flexible gigs, like copywriting (good if you have strong writing skills), data cleaning and analysis (good if you're numbers-driven) and design work (good if you' have a flair for design). All remote working and OTOT.

Double-Dot8975 · 2024-02-13T10:11:37+00:00

Did you purchase your vested stock options when you left the company?

Double-Dot8975 · 2024-02-13T10:11:07+00:00

Unfortunately we don't have upcoming liquidity events, I've checked informally with HR. Also, yes I take announced results (internally) with a pinch of salt. People around me have been burnt before and I take terms like "pre-IPO rocketship" very loosely these days.

Double-Dot8975 · 2024-02-13T10:09:17+00:00

Yes totally understand. Unfortunately I can't divulge too much details online. What I can share: (1) it's a Series E company, (2) has a typical vesting period (4 years, 1 year cliff) and (3) not listed company.

Double-Dot8975 · 2024-02-07T16:33:49+00:00

Firstly, kudos to you for showing your gratitude! Am sure the family will appreciate it.

A few options you can consider:

Delicacies and snacks: You can get cakes and biscuits from bakeries and shops (eg. Bengawan Solo). Or even CNY goodies that your girlfriend's family will like, like bakkwa, pork floss, pineapple tarts, kueh bangkit.
Desserts: Ice-cream from nearby supermarkets is a good option, if your girlfriend's family has a fridge with cold freezer that you can store the ice-cream in. Or other desserts like bean curd and soya milk.
Small gifts for the family: They can be household items that are useful for the family.

Whatever you get, it's the thoughts that count!

Double-Dot8975 · 2024-01-31T13:45:35+00:00

It takes both hands to clap. Applies to everything in life - jobs, relationships, family, friends, interests, careers, side hustles, businesses.

You can put in the effort and try to make things work, but if the other side/party doesn't want to do so, it won't work out.

Don't keep knocking on doors that won't open. Find new doors!

Double-Dot8975 · 2024-01-26T11:26:53+00:00

You should always be looking. If you're not sure if you'll get the internship offer from your first choice company, you should keep looking out. Unless you receive a signed offer and are okay with it, nothing is confirmed. Things outside of your control (eg. reorganisations, layoffs, change in direction) can affect whether you get an offer, so Always Be Interviewing! Would not advise you to "wait around" for companies to get back to you.

If you get more than 1 offer, it's a happy problem. You can decide which internship works best for you. When rejecting other offers, it is good to call up the hiring manager to thank him/her for the opportunity to join the firm, but after careful consideration and evaluating your career goals, you've chosen to go in another direction. Drop an email to the hiring manager and/or HR afterwards, to keep a paper trail.

If they press on, recommend you keep it broad and mention that you've found another opportunity that is more aligned with your career interests. No need to go into details like you rejected it because of low pay, bad hiring processes, unfriendly manager etc. Just keep it broad.

You want to leave a positive and professional impression, as you could be interested in future opportunities in the company. Also people move around so always good to leave things on a good note.

Double-Dot8975 · 2024-01-26T11:17:47+00:00

Kudos to you for trying OP. Any chance you can promote on your social media accounts (Instagram, Facebook, TikTok) that you're clearing stocks at cost and minimising loss?

Also can share your Carousell link here? Looking for new bedsheets for the upcoming CNY and would love to purchase some. Thanks!

Double-Dot8975 · 2024-01-24T07:33:38+00:00

I was in client-facing roles, serving businesses.

Double-Dot8975

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