What Factors Should I Look at When Deciding to Switch Companies?

I have been at my current company for over 3 years, and even though my total comp is 6 figures, I saw on Levels.fyi that entry-level engineers at the same company and in the same city are having a higher comp package than what I currently make. I feel that where I messed up was the negotiation, because I had no idea about RSUs and so I never factored them into my total comp.

With interest rates high and with everything going up, I just feel that it will take a long time for my employer to adjust market rates to help catch up with the cost of living. I know that salaries are based on the cost of labor, but with higher costs, slow promotion cycles and my RSUs about to decline, I feel that it will be best for me to look elsewhere and start studying DSA thoroughly. Here are the factors I'm looking at:

1. Total comp - currently, for my level (mid-level), I am making below the market.
2. Very slow processes - I feel that just trying to run the local environment takes about 2 hours to start. It slows down the amount of time I'd have to get things done.
3. Growth - it's a bit slow. The promotion cycles have also been cut due to the current economic state.

I feel that I made up my mind to switching companies, but I was curious what some of you think and what factors you all look at when it comes to switching. I appreciate any insight/advice.