Job-seekers will take jobs with much less money than they previously earned
David Woods, 26 March 2009
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1 comment on this article.Four out of 10 job-seekers are prepared to drop their salary expectations by 20% in exchange for a new job and 7% would take a job at half the pay level they expect.
A survey from job board tiptopjob.com shows just 17% of 918 people surveyed would refuse to accept a new job that did not match their previous pay packet.
Half of those surveyed had been searching for a new job for more than six months.
Mike Dauncey, head of tiptopjob.com, said: "It is good to see people have started to abandon pie-in-the-sky ideas about finding a ‘perfect job' that matches or improves on their previous salary. In this recession people need to be focused on simply getting back to work."
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Torsten Muth - 31 March 2009
Being flexible in terms of salary expectation is important, but let's not forget to cast a wider search for jobs that require similar job functions but in different industries. For example, we are still seeing a strong demand for HR professionals especially in the consulting industry in the UK, even though there may be less of a demand for such an expertise in retail sector at the moment. As we keep advising our members, being flexible is key not just to surviving but thriving in challenging time.
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