I've been having thoughts about my job recently. I am in IT and have been with my current employer for five and a half years. I enjoy my job and I enjoy (most of) my co-workers. I'm comfortable here.
The problem I have is this; the company I work for is notorious for low pay. The pay scale for my role is $95k - $120k+* at the top end.
Just over a year ago now I was earning $93k so I wrote an email to the director of my team outlining what I had achieved for the company over the previous year in terms of cost savings and new initiatives.
I asked for a $20K rise, knowing that I would not get the full $20k but hoping that I would get close to the median salary for my job title, years of experience and qualifications (~$110k). What I got was $10k so I am now (and am still at) $103k.
So here I am with above average employee reviews, a lot of responsibility, qualifications and experience, but a below median salary.
Other employers are paying (as far as my salary survey can tell) about $110k-$120k for what I offer.
So it would seem like a no brainer to go and get another job, right? If I can get $120k I'll be able to add a considerable amount to my savings and get to my FI number faster.
Here is my problem though; I work 100% remote and we are a one car family. If I were to get another job, chances are I would be required to go somewhere. This most likely means another car to purchase, and all the expenses that go with it, and a wardrobe upgrade.
In addition, I have just turned 54 so ageism creeps in. Also my stretch goal is to retire at 60, 62 at the latest.
So is it worth pursuing another role. Am I being complacent in my reluctance to look for something else?
*2018 salary survey numbers from glassdoor, salary.com, LinkedIn etc.