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How much of a compensation increase to move?

post #1 of 12
5/6/10 at 5:34pm
Thread Starter 
How much of a total compensation increase (base + non-guaranteed bonus) would you require before you take a new job in the same field under similar conditions and general location?
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post #2 of 12
5/6/10 at 5:36pm
Depends on the differential in cost of living and above all in my interest in living at that location - or lack thereof.
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post #3 of 12
5/6/10 at 5:40pm
I would take a pay cut to go somewhere nice. Pay me double if you want me to work in Omaha or nyc.
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post #4 of 12
5/6/10 at 5:45pm
Quote:
Originally Posted by taxgenius69 View Post
How much of a total compensation increase (base + non-guaranteed bonus) would you require before you take a new job in the same field under similar conditions and general location?

I don't buy into the whole cost-of-living pay adjustment thing. My absolute expenses (medical, drug habits, prostitution expenses, B&S addictions, etc.) follow me wherever I go.
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post #5 of 12
5/6/10 at 5:50pm
Quote:
Originally Posted by Arrogant Bastard View Post
I don't buy into the whole cost-of-living pay adjustment thing. My absolute expenses (medical, drug habits, prostitution expenses, B&S addictions, etc.) follow me wherever I go.

Yes but hookers in NYC cost way more than hookers in Bangkok just as coke in NYC costs 5x as much as near the Mexican border.
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post #6 of 12
5/6/10 at 5:50pm
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Quote:
Originally Posted by gdl203 View Post
Depends on the differential in cost of living and above all in my interest in living at that location - or lack thereof.

In my hyopthetical, the new job is around the corner from the old job. How much more $ (as a %) would it take to make you jump?
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post #7 of 12
5/6/10 at 5:51pm
Quote:
Originally Posted by taxgenius69 View Post
In my hyopthetical, the new job is around the corner from the old job. How much more $ (as a %) would it take to make you jump?

I would say about 30%.
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post #8 of 12
5/6/10 at 5:59pm
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Quote:
Originally Posted by spertia View Post
I would say about 30%.

That is the general guideline that I have read but sometimes 30% more would make you overpaid for the same work.
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post #9 of 12
5/6/10 at 7:03pm
Whatever the market conditions dictate for your experience.

I always try to keep on top of what people in equivalent positions get paid at other firms in the city. At the moment what I get paid is about right.

I'm a senior mining/geotechnical engineer, and moving to a site based role in the sticks demands a 40% premium to what I get now.
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post #10 of 12
5/6/10 at 7:31pm
I'm pretty sure that moving out of NYC would mean a significant cost of living salary reduction, unless it was to London or Tokyo. Which I would be totally fine with.
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post #11 of 12
5/6/10 at 8:31pm
If it's just a lateral move to a new corporation in the same city, you better get a nice bump. 25-30% does not seem unreasonable. Lateral moves can get dodgey on your resume.
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post #12 of 12
5/6/10 at 9:27pm
A lot, but that is partially due to the economy and budgetary issues that we have faced at work.

"Normal" situation, I'd agree with everyone. . . somewhere in that 30% neighborhood OR if there was something significantly intriguing about the new place (possibility to go back overseas, vastly different scope compared to now, etc) I would consider it for less.
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