Would you leave a job you love for double the salary?

[Hendion]

Hi all, I have been headhunted by a recruiter recently, who reached out to me about a job doing the same kind of thing I’m doing now.

i wasn’t looking for another job, and I actually really love where I work now and the people. I decided to interview wirh this other company, because I was enticed by the doubled salary. They’ve offered me the job.

im torn. Extra money would always be nice, but there’s the risk of leaving my current place and ending up in a job I hate. My current company wouldn’t have the means to offer me anywhere close to that salary, so I can’t really use it to bargain for a pay rise either.

would you leave a job you love for a doubled salary?

Absolutely but I am getting towards the end of my career.

I hear you OP. I love my job but I desperately need to earn more. The money would be very tempting, but what are the strings??

Difficult decision OP.
Only you can decide.
Money definitely isn't everything but it's important to have enough. You are currently earning 70k which is very good. It's also important to remember that change is good too and ime it isn't always good to stay in a workplace for a very long time.
I previously had a job in a prestigious organisation that was absolutely toxic. I truly hated giving to work every day and left as soon as I found another job.
I have also worked in places where I have truly loved going to work.
You need to weigh everything up. It is all a gamble

No because my thinking is (unless you felt massively underpaid) a double pay rise means an incredible work rise .. can you cope with that?

No, never. I have to feel a connection to what I do and really believe in it and love it. Atmosphere and relationships count a great deal to me, feeling happy where I am would count a lot.

You may be different though- only you will truly know which option will bring you greater overall happiness.

Good luck!

No I wouldn’t, but then we don’t really have money worries. I probably would have done when we were less comfortable. More money would definitely be nice, especially with kids off to university, but not to the point where I’d leave a job I love.

I'd take the money without a second glance, no matter how much i enjoy my job.

Workplaces change and there is no loyalty anywhere anymore. A job you enjoy can quickly become one you hate, and then you are just being underpaid.

I would take the money and use to do the things I love doing outside of work with my actual friends and family.

I've just done similar, though 40k to 75k. For me it's a massive difference to take home pay and will mean I can easily pay off my mortgage ~15 years early.
I did however requested the second interview to be in person, and to ideally meet some members of the teams I'd be working with. I left a department where we were like an extended family rather than work colleagues, so I wanted to be sure I wasn't walking into a toxic environment. Interviewers found this interesting, but happily arranged it.

Thankfully I haven't, new place is fantastic, a great new challenge for me but definitely within my skills, as nd everyone has been genuinely welcoming and friendly.
My old team were super happy for me and we still go for lunch regularly for a catch up. I'm not sure i would have left if it wasn't such a massive difference in take home pay for me however.

If you want to buy somewhere then the difference in what you can borrow on your mortgage is worth it alone.

Sounds like a fantastic opportunity, crack on. The next step after this is £150 or £180 and you are so much closer if you take this role.

Yes👍 I would. Clearly you can manage with the demands in the current job and can apply the same principles in the higher paid job.

Secondly, you've made good relationships in the current job so you obviously know how to work well with people.

The tax situation is crap! As per pp, pension it.

What is the overall financial package? How does it compare to your current?

More money will mean more responsibility but
You could always go back to a smaller company after a few years because it you have more scope and experience with a broader range of skills, you could be highly employable

Can you check out the company on glass doors etc these days

Well it's up to you if you want to make this about patriarchy. Not everyone is into a career and it doesn't actually sound like the OP is.

I earn loads and whilst it's comfortable and I don't want to go back to earning 50k there really is little point in making more than 100k as you know. Unless it's significantly more. It's great for the pension pot, but we also live now and looking back I regret that I was miserable and stressed all through my 30s. It will only have been worth it if I actually get to 60ish to draw my private pension. Maybe some cancer will kill me at 50, who knows?

Now I'm mid 40s stuck in a golden cage.

Yes. You can make new friends.

It’s only double your current salary nominally - tax would mean not even close to that. If you’re comfortable and happy, I wouldn’t do it, personally.

It’s an extra £2,5k per month .. that’s before you make any tax efficient decisions.. so quite a chunk of change

Unfortunately its the way income tax bands work in the UK.
Little point in taking a shed load of stress and working a ton of hours in a 'do the hours required' sort of position for the tax man to waltze off with more than 40% of what you've worked for.

The advice isnt sex dependent its tax dependent

What is it that you like about your current job? And how certain is it that that won’t change? How secure is your current employer?
if you were to move, what would the prospects for promotion and pay rises be? Or, if you didn’t like it, could it be a stepping stone and you’re able to use the salary as leverage.
In 2008, I took a job with a 50% pay rise plus bonuses. I was there for less than 2yrs before unexpectedly getting pregnant with DC1. There was no way I could combine that job with raising a child so I left at the end of my maternity leave. The job I found paid me more as otherwise they felt it would be too much of a drop. The next move I made 6 years after that paid me more than they had advertised for the role as they wanted me. So I am continuing to reap the benefits as well as having been able to bring the DC up in a larger house than I would otherwise have been able to afford. The tax regime means it won’t make as much of a difference to you as it did to me all of those years ago but I would at least explore the opportunity.

There's plenty of reasons to. Your salary would increase significantly and you would be making a greater contribution to the national pot. Paying a lot of tax means you're earning a lot of money.

So sorry you went through this, hating your job is horrendous, I totally agree with you.

We spend a lot of hours at work.I personally would take lower pay if I am happy with my team and look forward to work. Obviously if I was younger and needed the extra money I would take the risk .

Not in a million years.
You are better off in a job you love with people you like, no matter how much more money you can earn.
There is one thing in life which is priceless and that is peace of mind. A job you love with colleagues you like gives you that, don't risk it for financial gain.

Please don't do it, I have had jobs where I have been happy but financially was in a position where I had to move on and always regretted it. You are on a good salary and in time have the potential to earn more.
I would be suspicious of any organisation offering to double my salary, that doesn't make sense to me and there has to be a catch somewhere.

I would have thought about this BEFORE I interviewed for the job so that I didn't do the time wastery thing of wasting someone's time.

I'd be gone, like a hot snot!

This happened to me, I was made an offer too good to pass up so I accepted but when I went to hand in my notice my current employer refused my resignation, went for a meeting and 2 hours later they matched the new offer. So I stayed and got the payrise. Win win! What’s for you won’t go by you x