Think OP means haircut in pay. I dunno, $200K is still a lot of money so if you can find a job that is sane it's worth giving up some money. It's not like you're going from $90K to $50K. |
NP. I also hadn't heard this term before so I Google'd. Yes, it is a finance term apparently, as silly as it sounds. But I fail to see how it applies to what OP is talking about. They're not talking about a haircut or even a pay cut, really. They're talking about accepting a job at a lower pay than their current job. Using silly jargon out of place doesn't make you sound smart. |
Just accept that you learned something and love on |
| /\ move on |
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I did this a few years ago. Was exhausted from years of stress. While my total comp went down, my base went up so I told myself I was OK. I took home more every two weeks, and of course my bonus and options were never a sure thing.
In my case, Iām not sure it was worth it, but itās less about the money than about the work. On bad days I do sometimes think, āand I took a pay cut for this?!ā |
Not PP, but it does sound dumb. |
| NP here. I think the term āhaircutā sounds inane too. I thought this OP had made a weird, mental error. |
| So, let me tell you a story ... most people when asked about a low stress job would say, working in a library. That would be an example they would give of very low stress. Apparently at our local public library, the people have found a way to feel stress. Management vs hourly vs volunteer, vs .... I'm not sure all the players. Lots of unrest. Op, do not assume that you will be blessed with what-you-want by surrendering pay. Better to tweak the work/life balance in your own life and change your mindset: let them fire me ('cause I bet they won't). If I'm not doing enough, let them fire me. Work the hours you think reasonable. Do the work you think reasonable. Sounds like you have the longterm//institutional knowledge to know. |
| I will never forget the first time I heard that term my company was doing a full reduction in staff and pay and my boss who is the SVP of HR said āā everyone gets a haircut, you get a haircut, I get a haircut everyone gets a haircutā. That was about 22 years ago but I still cracks me up, if it werenāt so sad at the time. |
I agree with this. I have worked FT, PT, contract in my career, and at the $200K level, you can always make it work. If you are really miserable, I would make the switch. |
Please show me where I'm arguing. You seem a little...dim, to say the least. |
This is a proper usage of the term in finance. |
Was that supposed to hurt my feelings? Youāre the one doubling down and making yourself look like an idiot. |
Haircut means "HUGE pay cut" |
| I look at hourly wage. So, for example, a high paying law firm may be a lower hourly rate than government or non-profit with 40 hr work weeks. I donāt consider it āworseā if hourly rate is the same or better even though overall income may decrease. But, my spouse works and extra time with family is valuable to us. |