![]() A C-suite executive, particularly in high-demand industries like technology or finance, could command a salary bump of 25-30% when switching companies, especially if they bring in valuable expertise and a robust network. ![]() Executive Management: For those in executive management roles, the stakes are often higher, as are the potential rewards.Let's examine a few different industries to illustrate the diversity in potential salary bumps: The percentage increase you can expect when changing jobs can vary significantly from one sector to another. Understanding the specific dynamics of your industry is crucial in formulating a negotiation strategy when switching jobs. Market trends, cost of living adjustments, and company policies also play a part.īut the average range of pay increases for people switching jobs tends to hover around ~5–15%. The exact answer to this question depends on a multitude of factors, such as your current industry, the profitability of your company, your level of experience and seniority, job performance, and the nature of your role. ![]() What’s the average salary increase when changing jobs in 2023? Well done for taking the leap!īut as you dream about the possibilities that lie ahead, there are new questions gnawing at the back of your mind: How much more should I expect to be making when you land a new role? What can I do during the job search and interview process to increase my chances of a salary bump? You want a change, and you're ready to roll up your sleeves and dive into the tumultuous, nerve-wracking realm of job hunting. You're over the monotony, the predictable routine, the same old faces day in and day out. You've been at your current gig for a while, and you're feeling that familiar itch to jump ship.
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