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Poll: More than a third would take pay cut

April 13, 2009 on 12:36 pm | In All categories, polls, salary | No Comments

In the latest Yahoo! HotJobs weekly poll, more than a third of site visitors said they would take a 10% pay cut in order to keep their jobs. (The number is even higher if you exclude the unemployed participants.) When the alternative is a layoff, a salary sacrifice becomes understandably preferable.

“Real pay cuts for people are something companies are very cautious about doing. We’re seeing some, and it is a sign of the times,” said John Challenger, CEO of outplacement firm Challenger, Gray & Christmas. He was quoted in the article “4 Types of Pay Cuts, and What You Can Do About Them.”

For complete poll results, see the table below.

Q	Would you be willing to take a 10% pay cut in order to keep your current job?
Yes	38%
No	30%
I don’t have a job	32%
10717 Votes to date