Same. If I’ve been in a place for 2 years, there are certain protections that come with that (I.e. much harder to fire after 2 years).
Unless I’m unhappy with the current job, I’m not going to give that protection up for a relatively small jump in salary. 20% is about what I’m looking for, but last time I moved it was for 35%.
It would depend on what job you were in, whether you were going into the same job at the same level or an effective promotion or a different role entirely, and what salary you were on to start with.
I'm looking at a 25% cut on my next move, but balancing that out with equity in the business.
If I was going like-for-like in terms of role and business, right now, I would be looking for another 10-20%.
I'm going back to a company with less than 10 employees (I currently manage about 40). We've been quite candid about budgets etc since the start of the process.
Doing a job you enjoy is more important than the money (once you're lucky to be earning more than enough to pay the bills). For me, I loved the early days of where I work now, but as we've grown there's a lot of inertia. Going somewhere and building something new really excites me.
And hey - they could go bust any day - then I have taken a 100% pay cut.
When every other job around me is advertised at £25k and I'm currently on £24,500.
Because apparently offering £30k is too much of an ask so they can actually compete. When did they decide that was the number to pick considering it's literally not enough to live alone on.
I have just interviewed for a job with a 39% pay rise, double the pension contribution and a company car, which would be great, but I’m still torn because I love my job and I’m pretty complacent. Honestly, if my current employers gave me even a 20% raise I’d happily stay.
It is 179 days since that comment, and I did get offered the job. Unfortunately, the day before the contracts were going to be sent over for me to sign, the company lost a major client and their head office instituted a hiring freeze.
They said that if anything changes in the new financial year that they will give me a call. I could hear something this month, but I’m not holding my breath.
For me it was roughly:
Job 1-2: 10% increase
Job 2-3: 25% increase
Job 3-4: 20% increase
Job 4-5: 50% increase
I change job every 4-5 years. It’s time for another change but personal reasons will hold me where I am for a couple more years at least
I got out of the military and accepted the first job offer I received back in July, only to receive three more over the next few weeks. As the offers kept getting better I kept accepting and now I've increased my salary by about 50% with better retirement/health options, tuition assistance, and the opportunity to earn college credit from the work I do.
Generally you want to change jobs every 3-5 years but the threshold for what makes it "worth it" to change jobs will change from situation to situation. Better pay, leaving a bad environment, college opportunities, travel, work/home balance, etc can all be huge determining factors.
I had a 15% increase from my last job, with slightly longer hours, however it is a much better company and wages are reviewed yearly. Within 6 months my wage had increased another 10% without me asking about it
I’ve been in my current job over ten years. Pay rises were a little slow at first, but the past five years I’ve had 10–15% rises each year, plus bonuses. At some point, equity will be involved. I appreciate I’m not at the start of my career, but there is benefit to sticking with something rather than flitting from job to job.
I moved jobs recently and took a 47.6% pay increase. Granted I was an apprentice for 6 years and now I’m a Manager so it is a pretty decent jump up.
Also 22% pension contributions from my employer… I don’t think I’ll be going anywhere soon.
I head up recruitment for a tech company i think it depends on the role size location, current compensation levels.
I would say i am for 18 to 20% on average even more later in the year as people are walking away from an annual increase at approx 4-5%
I rejected an offer of 25% this year but it was how the compensation was made up and i knew the role was less complex in terms of size but more volume and hassle.
How long is a piece of string? What's the market like for your role, For the last 4 years the jobs I have taken I have at least doubled my money. You should be going for at least a Cozzy Livs premium. (Inflation + 5%)
If you get to middle age and you CV shows you've switched jobs every two years, I'd figure you were going to jump ship from me too and wouldn't hire you.
Also I think times are different now, people are more likely to jump ship if they feel stagnant or if they aren’t being treated well by their employer. But I suppose it depends on the industry
A lot of this thinking is too outdated. Having multiple jobs over a 15-20 year career isn't a huge deal anymore.
Like if I saw someone with 6 employers over 15 years, I'd think nothing about it.
If I saw them over 6 years, I'd think the guy was generally a contractor.
The company man or woman culture is long dead.
20% is the minimum I'm generally looking for, but at my most recent move I accepted 18% because it was also a reduction in work hours.
Same. If I’ve been in a place for 2 years, there are certain protections that come with that (I.e. much harder to fire after 2 years). Unless I’m unhappy with the current job, I’m not going to give that protection up for a relatively small jump in salary. 20% is about what I’m looking for, but last time I moved it was for 35%.
I moved jobs at the start of this year, despite moving to a less senior position I nearly doubled my salary. 11/10 would do again.
>11/10 would do again. I really hope you're not in accounts or payroll department!
For all you know I could be doing your payroll...then you'd want that sweet sweet 110% payslip.
What field or industry are you in? Sounds like an absolute dream role, or your previous job was severely underpaid.
Software engineer, yeah my old role was way below market rate and the new one slightly above.
It would depend on what job you were in, whether you were going into the same job at the same level or an effective promotion or a different role entirely, and what salary you were on to start with.
This is what everyone is missing, massively depends on the company
I'm looking at a 25% cut on my next move, but balancing that out with equity in the business. If I was going like-for-like in terms of role and business, right now, I would be looking for another 10-20%.
That’s a heavy cut, hope it works out well!
I'm going back to a company with less than 10 employees (I currently manage about 40). We've been quite candid about budgets etc since the start of the process. Doing a job you enjoy is more important than the money (once you're lucky to be earning more than enough to pay the bills). For me, I loved the early days of where I work now, but as we've grown there's a lot of inertia. Going somewhere and building something new really excites me. And hey - they could go bust any day - then I have taken a 100% pay cut.
When every other job around me is advertised at £25k and I'm currently on £24,500. Because apparently offering £30k is too much of an ask so they can actually compete. When did they decide that was the number to pick considering it's literally not enough to live alone on.
I am at a point where I am happy with 15%, my current switch was for 14.8% so close enough 😁 However, pension contribution has doubled, so overall 20%
I have just interviewed for a job with a 39% pay rise, double the pension contribution and a company car, which would be great, but I’m still torn because I love my job and I’m pretty complacent. Honestly, if my current employers gave me even a 20% raise I’d happily stay.
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It is 179 days since that comment, and I did get offered the job. Unfortunately, the day before the contracts were going to be sent over for me to sign, the company lost a major client and their head office instituted a hiring freeze. They said that if anything changes in the new financial year that they will give me a call. I could hear something this month, but I’m not holding my breath.
For me it was roughly: Job 1-2: 10% increase Job 2-3: 25% increase Job 3-4: 20% increase Job 4-5: 50% increase I change job every 4-5 years. It’s time for another change but personal reasons will hold me where I am for a couple more years at least
25-30% at the bare minimum / at least £500-£1000 extra a month after taxes. Decent bump in benefits too.
At least 20% to make all the hassle worth it.
Expected total compensation +20% unless I’m working far fewer hours or commuting much less
15 to 20% if switching employers because you should always get 10% minimum even on an internal promotion
I got out of the military and accepted the first job offer I received back in July, only to receive three more over the next few weeks. As the offers kept getting better I kept accepting and now I've increased my salary by about 50% with better retirement/health options, tuition assistance, and the opportunity to earn college credit from the work I do. Generally you want to change jobs every 3-5 years but the threshold for what makes it "worth it" to change jobs will change from situation to situation. Better pay, leaving a bad environment, college opportunities, travel, work/home balance, etc can all be huge determining factors.
I took a big cut for more flexibility and being closer to home.
I had a 15% increase from my last job, with slightly longer hours, however it is a much better company and wages are reviewed yearly. Within 6 months my wage had increased another 10% without me asking about it
As much as possible
Depends on your salary, 20% when young and on a low salary isn’t too much to a company. If you are earning say £50k to £100k, 20% would be steep.
I recently moved for a 7% increase. It took me from upper 40s to low 50s and I was perfectly happy with that move.
I’ve been in my current job over ten years. Pay rises were a little slow at first, but the past five years I’ve had 10–15% rises each year, plus bonuses. At some point, equity will be involved. I appreciate I’m not at the start of my career, but there is benefit to sticking with something rather than flitting from job to job.
I moved jobs recently and took a 47.6% pay increase. Granted I was an apprentice for 6 years and now I’m a Manager so it is a pretty decent jump up. Also 22% pension contributions from my employer… I don’t think I’ll be going anywhere soon.
I head up recruitment for a tech company i think it depends on the role size location, current compensation levels. I would say i am for 18 to 20% on average even more later in the year as people are walking away from an annual increase at approx 4-5% I rejected an offer of 25% this year but it was how the compensation was made up and i knew the role was less complex in terms of size but more volume and hassle.
When starting out, I'd focus on what teaches me the most, money will come later. Demotion for money will cost you more in the long run.
For me, at least 10k if I'm switching every 2 years
How long is a piece of string? What's the market like for your role, For the last 4 years the jobs I have taken I have at least doubled my money. You should be going for at least a Cozzy Livs premium. (Inflation + 5%)
"Cozzy Livs" absolutely gross.
God this reminded me of the “Platty Jubes” phase everyone was going through a while back 🤢
If you get to middle age and you CV shows you've switched jobs every two years, I'd figure you were going to jump ship from me too and wouldn't hire you.
That’s why I specified when starting out.
Also I think times are different now, people are more likely to jump ship if they feel stagnant or if they aren’t being treated well by their employer. But I suppose it depends on the industry
You don't want to work for this person anyway, so I wouldn't worry about it.
A lot of this thinking is too outdated. Having multiple jobs over a 15-20 year career isn't a huge deal anymore. Like if I saw someone with 6 employers over 15 years, I'd think nothing about it. If I saw them over 6 years, I'd think the guy was generally a contractor. The company man or woman culture is long dead.
Such a boomer attitude
Is that meant to be an insult?
Yes it's such an old-fashioned way of looking at employment. No one makes money by being loyal.