Someone just asked me this on Twitter:
What’s the minimum pay increase you’d consider changing jobs for?
My answer is: It would entirely depend on how much I liked my current job. If I liked my current job, it would take a lot. A hell of a lot. Because jobs you like are really, really valuable.
And the next factor it would depend on is what the other job was like. Would it give me more experience in something I want more experience in? Is there something else attractive about the substance of the work? How attracted am I to the organization itself — its culture, its management style, its mission? (If there’s bad management, no amount of money would get me there.) What do I think working there would be like day to day? Are there big quality of life differences between the two employers?
But if I was neutral on my job — could take it or leave it — and the new job was more or less equally attractive, and you’re really going to make me commit to a number, then I think I’d say somewhere around 20%. Probably more if the job itself wasn’t particularly more appealing than my current one, and probably less if it was a lot more appealing.
And if I didn’t like my job? I’d leave without an increase even being necessary.
What do you guys think?