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Can you think of a situation in which you would consider taking a step back in compensation? Can it ever be a long-term, strategic career move? Most people in Talent Acquisition will probably say that it is never a good idea, but I take another view. In certain circumstances, it can actually be the best possible move you can make. If you are the type of individual that considers your career as an investment and practices frequent reflection, it can be clear when taking a step back is prudent and when holding out for top dollar is the best approach. However, if you are not one of these individuals and are thinking about your next move, complete with a lower compensation, ask yourself the following:
In most circumstances taking a step back in compensation will not make sense for you. However, there are some situations where not only does it make sense, but where you should jump in without hesitation! When considering your next career move, keep an open mind. Sometimes the best long-term plan is to take a short-term cut in compensation to reap a lasting career gain.