At what point is a job change worthwhile to you?

Water Cooler
#21

I don’t actively seek new positions. I get approached by head hunters who are trying to fill specific positions and let them know that it will be a waste of everyone’s time if base comp isn’t at least 15% above my current comp and that even at that level the opportunity would need to be ideal. The less ideal, the higher above 15% it will need to be.

#22

Higgs is approaching an important point about career management and compensation.

Always remember the career triangle. There are three sides:

  • How much the job pays you

  • How good you are at the job

  • How much you love the job

Some people are really good at a job, hate it, but get paid well. Many only get 2/3 and it’s hard to get 3:3, but important to consider.

#23

This. The head hunters want me to take this job so they get paid, I am their product. If its a role I am not really dying for why should I go through all the trouble for 10%? Its not worth having to deal with setting up a whole new HR profile and get my benefits sorted and the extra work on my taxes. If you want me to move, you have to provide incentive

#24

I’d move to another role at the same firm for an extra penny annually.

I’d move to a better role at another firm in my geographic area for 5%

I’d move to a similar role at another firm in my geographic area for 10%

I’d move to a completely different career field in my geographic area for 20%

I’d move to a similar or better role in a new geographic area for 50%

I’d mold pig shit into the shape of chicken nuggets and serve it to kids at the orphanage for 200%

I’m not Liam Neeson. I don’t have a very specific set of skills. I do however have no allegiance to my company and no more or less passion for finance than any other task, so I can be bought.

#25

TTM had a good outline. My tweaks below.

I’d move to another role at the same firm for an extra penny annually.

I’d move to a better role at another firm in my geographic area for 30%

I’d move to a similar role at another firm in my geographic area for 30%

I’d move to a completely different career field in my geographic area for ?-?% (If i’m more passionate then i’d take less, if i’m less passionate then the bump has to be huge)

I’d move to a similar or better role in a new geographic area for 50%

I’d mold pig shit into the shape of chicken nuggets and serve it to kids at the orphanage for 200%

No passion for finance more than any other task, so I can be bought. My firm has a super laid back environment and I get along well with my coworkers so i’d rather not leave for another job unless the pay was significant and the environment was equally or more chill.

#26

If you think you’re current firm isn’t about to make it through upcoming regulatory changes, but would perhaps sell out, that’d be a reason for me. The boss’ upcoming retirement would be another reason to seriously consider to jump ship.

#27

I would never take a job just for more money. The deciding factor for me is the job itself (responsibilities, manager, group, company, etc.)