I changed jobs last summer. I went from staff at a state R1 University to faculty at a community college.
I actually took a small cut to base pay, but there were a few key things:
1. Guaranteed(by collective bargaining) COL pay raises every year. My previously employer had given us 2 in the 5 years I was there, and both were smaller than our guaranteed ones for here.
2. Opportunities for salary/title/position growth with clearly defined criteria and timelines. I know that as long as I do my job, a pay raise of at least 10%, possibly more(as two things will be happening simulatenously) will happen two years from now, and additional ones of the same magnitude on the table in 6 and 12 years.
3. Along the same lines as #2, this is a tenured position, and 3 years is the tenure eligibility timeline(really, really short). The expectations to get tenure are very clear, and I appreciate the job security that comes with that.
4. There are a lot of opportunities for extra pay("overload") that I can have more or less for the asking. Between this spring, summer, and fall that will amount to almost 50% over my base salary.
5. Since there are fewer institutional fees I have to pay back(no parking fee or other things that get skimmed off), lower health insurance premiums for equivalent coverage, and a few other odds and ends even with the base pay cut I end up with about $30/month less in my pocket. I can live with that.
It's not all about the money. This new position is a big change in primary job duties. I'm not really doing DIFFERENT things than I did before, but the relative importance of my duties was reordered dramatically .
There are things I miss, but the atmosphere here is great and I love being able to reach directly out to administrators with a question rather than having to follow a chain of command to get an answer.