That's effectively an implicit call option. You can buy an explicit version on the public market.

The question is "Is the cost of an explicit call option greater than the cost of finding a new job?"

There is some benefit in that with an explicit call option, you have to pay up front, while with job switching, you only incur the cost if the implicit option "expires worthless". But that's balanced by the fact that with the implicit option you're exposed to sector-wide risk (eg, see the current tech-wide turndown), while you're not with the explicit one.