With the economy enduring one hard hit after another, employers have been forced to tighten their belts. They've passed the cost cutting on to their employees in the form of smaller paychecks. That means your impressive resume may not draw an equally impressive paycheck.
Where does that leave job seekers? Experts say that sometimes you have to be willing to settle for less -- especially if you're just starting out your career, switching industries, or you've been out of work for a long time [source: Monster]. In some cases, the job may be so appealing that you don't mind taking a pay cut.
When shouldn't you take a cut? Say no to any salary that's paltry enough to devalue your worth and have a long-term impact on your career, or to one that won't cover your bills.