8 good reasons to accept a job with low pay
The current economic situation is such that many companies and small business are either shutting down or laying-off people to cut costs. In such a scenario, it is also common to see people reluctant to take up a low-paying job despite being unemployed or on the verge of being jobless.
Listed below are 8 good reasons to accept a job with low pay instead of remaining unemployed.
- It is better to be employed than unemployed: Taking up a low-paying job is not great, but being a low wage earner is better than having no income. Also, many firms favor people who are employed rather than jobless candidates.
- The confidence is retained: Joblessness can have a serious impact on the psychological health. Taking up a low-wage job can affect the confidence, but it is many times better than being unemployed. Any job offers you the chance to pay bills and survive, which helps retain confidence.
- It helps avoid defaults and late payments: All debt persists despite the new status of being jobless. Lack of income will result in non-payment of debt, which will increase the overall debt burden as well as adversely impact the credit score. A bad credit score will affect your ability to get loans even when you get a new job. A low-wage job allows you to pay your bills on time, reduce debt, and maintain the credit score.
- A second job is possible: Low wage jobs rarely take up a lot of your time. Thus, it allows you to go for a second part-time job that can add to your overall income. It is possible that the second job may pay even better. There are several part-time internet jobs that offer great pay.
- You do not lose touch: Being employed helps you to stay in touch with all the happenings in your industry. Thus, you will be in the know-how when you get the opportunity to apply for your dream job with better pay. The low-paying job allows you to pay bills and survive till you get that dream job. It is a common fear that interviewees will be asked about them taking up a low paying job when applying for a better paying job. That fear is unfounded and handling the question in a proper manner will put it to rest.
- The eligibility status for loans stays intact: Employed people, even people with low paying jobs, have a better chance of getting loans than jobless people. Thus, you can take out a personal loan to consolidate all your debt and make the repayments more affordable, in accordance with the new income level. It is vital to ensure that the interest rate for the personal loan is on the lower side to make debt consolidation a viable option.
- Offers peace of mind: A low-wage job may not be financially rewarding, but it can help offset any stress and other problems that may arise due to joblessness, such as non-payment of bills, confidence dip, health issues, etc.
- Possibility of growth in the new company: Even though the job has low pay, there is the possibility of upward movement within the firm and subsequent pay increases. Proper dedication to the job can help quicken your promotion within the company.