1. Fit Check
Making a switch should not be solely about salary. Think about intangibles- resources, training, mentorship, flexibility, advancement track. Run your career like a business and ask: Will this opportunity make me better off in five and ten years? Is this opportunity a better fit for me and my family?
2. Relationship Continuity
Every high earner has a network that is a huge source of long-term value. Plan how you will maintain those relationships. Pro-tip: start a new email unrelated to your old or new employer.
3. Sweeteners
Are there incentives (bonuses, stock options, etc.) that may affect your timing in making a change? Can you use those to negotiate your next opportunity?
4. Retirement Planning
We have never suggested someone make a job change over retirement plan availability. But once you make the decision that’s best for you, how will we continue your long-term plan to save for the future?
5. Insurance Coverage
Especially for younger workers with more debt and a longer runway of family responsibility, are you covered for death and disability separate from group/employer coverage? If not, consider that a part of the transition plan.