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Should You Agree to Take a Pay Cut? (Financial Times)
Before accepting a pay cut you should explore whether all of your peer group and those senior to you are also being asked to take an equivalent cut.
Employers are seeking staff who possess emotional intelligence, or the ability to identify and manage one’s own emotions, as well as the emotions of others.
Make it clear when updates should be expected and when you will provide your employees with feedback. You have to trust they are able to get the job done and will come to you if they need advice.