How To Negotiate a Pay Cut

Advertisement - Continue Reading Below

Dear Cubicle Coach:

My company says they like me but can't afford my salary anymore-they need me to take a 25 percent pay cut. Can they do this? Am I nuts to consider it?

Dear Slashed Salary:

Yes, they can do it, although CC questions why they'd want someone on the staff spineless enough to accept such a deal. First, try to negotiate a four-day workweek to compensate for the cut. If that fails, well, what's your level of financial peril? Daddy still "helping out"? Could your sock-puppet collection bring a nice sum on eBay? How quickly can you line up another job (always easier when you still have one)? Do you need to suck it up for a while? Listen to CC and listen to CC now: If you do stick around and take the cut, there's only one person in the universe you'll hate more than the boss, and you can guess who it is.

More from Marie Claire: