What kind of pay rise is worth moving for?

[HotChoc10]

Obviously it will be dependent on a number of factors for each individual.

I'm on £44k at a job that is basically fine, but after a series of very crap days a few weeks ago, I applied for another job which I now have an interview for. It's the same level but should be more like 50-52k.

Is that enough of a difference to leave a job which is basically fine? Pension, benefits etc would be similar.

The new job is more aligned with my interests, but potentially less scope to develop skills - particularly line management which I do currently but wouldn't do in the new job.

I don't even particularly like managing people but feel I would be cutting off the opportunity to move up further if I'm not doing it.

This is all a bit counting chickens before they hatch but would be interested to know if there's a minimum % you think it's worth leaving for and any other pearls of wisdom.

I’m currently working my notice for a 30% base increase. However…I’m taking on an hour+ commute (post covid).

When looking at a job, I considered what was important to me in terms of development and understand my total remuneration package. My current pension is amazing compared to where I’m going, but bonus potential is far higher, as well as development opportunities.

I would move for £5k but consider less, depending on the all round package. It’s worth remembering if you have 2 years service, you’re giving up those rights too by leaving your current employer and introducing risk.

In my industry the whole moving job process can end up taking 6-9 months easily. It is a huge effort. If / when I move, I'd need probably £10k ish to move. I am not paid very well for what I do but I also can't be bothered to move for £5k. It just isn't worth the stress and upheaval.

Minimum of 5k.
I got made redundant over the summer and it really hit home the cash value of my long service. To start a new job and give that up I’d need a cushion in case it didn’t work out.

The amount would also depend on big/small company and how stable they are. Redundancy has made be super cautious so things like progression, training etc come secondary.

It really depends on your circumstances. I recently turned down a job that would have been about a £9K increase (not a small percentage of my wage either) because it was just too much hassle to move jobs and would have added a 45 minute commute that I didn't want to commit to with 2 small kids. 6 years ago I literally upped sticks and moved 200 miles for a £4K increase (which was about a 20% increase for me at the time though to be fair) and similar jump in responsibilities, I had no ties or kids it was an easy decision and worked out well as I got promoted 2 years later.

It depends on why you're changing jobs surely. If salary is the primary factor then a £6-8k doesn't seem a very big jump, but if it's a job you'd rather do then the £6-8k addition would be a very nice bonus surely? I've always changed jobs because I wanted the next job, my only salary criteria has been that it's more than what I'm on previously, I've done quite small jumps of only a few thousand, but my current job change is the largest at £15k. Salary was a big driving factor, but mostly I wanted the responsibility this promotion brings which obviously brings more salary, if I was doing a sideways move it would likely be the job and not the salary that was driving me.

More money and less people to manage sounds like an excellent deal to me OP!