Well if they are unhappy with their job you could probably offer the same… But I am not switching jobs from something I like to something unknown without a minimum of 10%. So $150k is more reasonable.
Going from a reasonable job to an unknown is a significant risk, it needs to compensate that risk appropriately.
If I hated my $135k job, I may take a very small pay cut but I’d really have to hate the current place, enough so that I couldn’t stand a few months more of searching for something better.
If I like my current role, well that risk premium grows significantly. They’d also have to find me, I’m not actually looking if I like my job.
Well if they are unhappy with their job you could probably offer the same… But I am not switching jobs from something I like to something unknown without a minimum of 10%. So $150k is more reasonable.
This.
Going from a reasonable job to an unknown is a significant risk, it needs to compensate that risk appropriately.
If I hated my $135k job, I may take a very small pay cut but I’d really have to hate the current place, enough so that I couldn’t stand a few months more of searching for something better.
If I like my current role, well that risk premium grows significantly. They’d also have to find me, I’m not actually looking if I like my job.
That’s just me showing my poverty. 5k would be a lot for me, but not for someone who made 135k a year.