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I think it ultimately depends on why I'm leaving. If I'm leaving because my workplace is really toxic, I don't really care about the pay increase. But if it's about money, obviously I wouldn't want to leave for less than a reasonable amount.
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Dealing with a toxic environment- I’ve been hoping to land a promotion but at this point I’d be willing to take any job just to leave the toxic boss behind
I've always thought I'd want at least 25% more to make a move. That's mainly because I'm more or less content where I am, and the disruption of moving to a new organization would have to really be worthwhile. Of course, depending on the opportunity, and the new company, and other factors, I'd consider less. I think you're right about companies not being generous these days, they really have no need to be.
That is crazy. While some are leaving their jobs, I am trying to get hired, and I am not having luck on any marketing jobs. This has resulted in me taking a lower paying job that is not even related to my work experience. I had to get trained in something different, full of repetitive processes, in a dirty environment, where some days are slow and there's no growth. I also noticed that there is ageism. More and more young employees are being promoted to decision making positions without too much experience, which means experienced workers that are in their 40s or 50s are not getting hired in marketing roles anymore.
I guess these really make you think and question why you want to leave. But 15% increase with no increases at your current company for extended time would suggest money on the table being left, so the option just might make sense yet
Trying to encourage my husband into a new job because he is really underpaid. He seems content in the job but we both have concerns about the company’s stability right now. He also doesn’t want to jump ship for less than 20% increase but I think there’s more to consider with changing employers. Stability in the company, better benefits, and shorter commute, in my opinion make up for a smaller increase in base pay. A more stable company “should” also come with better compensation and performance incentives. Just my thoughts.
OP, I mostly agree with you, but sometimes it’s easier said than done. For me, personally, taking a new role at a new company is very stressful. I can completely understand why someone would stay where they are unless the financial compensation was significant.
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For me I think about it as what am I gaining by moving. It doesn’t always have to be money. But I do need to gain something.