To consider this job

[Bluemoonrising]

Compared to my current job it offers:

Less money
Fewer holidays
No pension scheme
More hours

On the plus side it reduces travel time, and means I get away from an ineffectual boss in a job where I feel unfulfilled and frankly bored. I think this job will offer more challenges and it appears to have a better working enviroment and more proactive and interested management.

So I guess this is a head Vs heart question!

I think half of job enjoyment is the team you're with....so if the new job looks like a happier place then YANBU at all.

If it reduces travel time, then I presume it saves on travel costs as well. If that is the case, then you may not be as badly off for money as you thought.

Yanbu as long as you can cover any financial shortfall. Presumably the pension built up from your current job remains as it is, and I would definitely look at the best way to continue in investing in a pension fund if you take the new job... But definitely, go for it, sounds as though you'll be far more fulfilled

Does reduction of travel time + more hours in new job = same amount of time "at work" for both jobs?

You really need to factor in the pension though. You shouldn't just not contribute; you should look into how much you alone would have to pay to match your current pension (bearing in mind your current employer's contributions.)

You don't really know that you're moving to a more effectual boss, do you?

If it were a different type of job, one which fulfilled your wildest dreams, then maybe move, bearing in mind the additional costs. Otherwise hang around a bit and keep looking for something more lucrative.

MMm, I'm not sure. I agree that job satisfication, colleagues, team etc are all hugely important. But.. how much less is the money? even without a drop in salary, the loss of benefits and pension will make a huge difference. How long will it take you to resent the fact that you're working harder, longer hours, more challenging environment for less money?

Assuming the job is in the same field as your current job, I would say the new employer seems to be valuing your skills significantly less. That would filter through into how you are treated and how you feel about the job over the long term.