How big a salary jump would you need to move?

[Chatterbait]

I’m on just under £52k. Been with the company for nearly six years. I’m bored with, but also comfortable in, my job. I have a great relationship with my boss and I know she, and the company, need me.

I’m in process for a new job. I wouldn’t have applied for anything, but I got headhunted and have been offered a big pay rise.

Moving means giving up a good relationship with my boss, the goodwill I’ve built up in the company and super-flexible working arrangements (I only do a day a week in the office). How much would you want the pay rise to be to take the new job?

Anything over 10k

What are the extra costs you'll incur due to more commuting, wrap around childcare etc?

If you're happy but bored I'd move for 10% increase on top of the additional extra costs.

Don't forget pension and bonus will also be higher due to the higher base pay.

68k but I don’t know why that’d be my choice

More than 10% - probably anywhere upwards from £60k

But it depends on lots of other factors. So long as you're happy with the overall package... £60k

£15k for me

No children. At the moment, the new job would be fully remote, but that is likely to change, so it’s a factor.

If they have headhunted you, hope you have made your demands plain. Flexible working, one day in the office etc, otherwise you need to factor in a cost of the loss of these activities to make it worth your while

I'm in this situation, almost exactly! How strange

In my case it was an application though, not headhunted, so less leverage. The increase will be almost 35%, but I'll lose child benefit and have to be in the office more and it's further away... but even factoring all of that in, it's still worth it! It's a job I didn't expect to get as I didn't think I was good enough but thought 'well a man in my position would apply for it so fuck it why not' and here I am. It does mean more/harder work, but whilst I like my current job, I am bored and getting lazy, so a (big) change is probably a good thing...

Anything over about £10k ish.

I have a similarly flexible, good job. I'd want a solid minimum £500 a month net increase before I'd move.

20-30% more

No less than £15 k ..

I’m on 37k, fully remote, fully flexible (I can do my own hours as long as I attend some mandatory meetings), 9 day fortnight, nice team, friendly boss. I reckon it would need to be at least 60k for me to consider it right now! I know others in my field on 50+

But I have got 3 young kids, so you can’t really buy this type of flexibility.

As soon as you earn just over £50k you have to factor in you lose 42% in tax and NI on any additional income - that makes a massive difference to what’s ‘worth it’

It's a job I didn't expect to get as I didn't think I was good enough but thought 'well a man in my position would apply for it so fuck it why not' and here I am. It does mean more/harder work, but whilst I like my current job, I am bored and getting lazy, so a (big) change is probably a good thing...

This is almost exactly my position!

20% or more I think.
Good luck with decision

20% min but would also include the flexibility/ WFH / whatever as part of your negotiations.

I aim for at least 15-20% increase on the overall package with each job move.

Ask for 70K and see what happens.

25k

Honestly I'd have to weigh up the new terms vs the flexibility I had. I could earn probably 10-15k, going for a big step up but I earn enough (62k for 33 hours a week) that it's completely not worth it! Life is for living not trying to earn loads and be miserable!

I am about to start a new role, fully remote, and it's allowing us to move house next summer. It is a 30% pay increase.

But this is a length of a piece of string question, isn't it?

At my age I’d be looking at the pension contributions 😂😂. My company double what I put in so in the future (not so far off) it will make a bigger difference than a few quid salary. I also am used to 30 days AL.

I've never taken the job just for the money. It's always predominantly something else, a move away from somewhere I was bored, and opportunity to do something that excited me or something that worked better for family life or my aspirational lifestyle.

This is really valuable advice 🙂 I don’t want to assume money is everything!

The goodwill you’ve built up doesn’t pay the bills. Factor in an extra holiday a year, how much more you’d want per month for the hassle of being the new kid and see what the numbers say. It’s cost us £8k for an extra holiday & I’d want £500 pm minimum to move, so it’d be £15k minimum for me.
i have recently moved though for £12k and I can feel the benefit (I immediately reduced hours)