Hi all,
Hope you are all doing well.
I just wanted to get opinions on the use of a job offer (salary) from a prospective employer at current employer to get an increase and stay in role vs leaving.
My current role is pretty exciting but demanding and I can see myself adding value in the next 1 - 2 yrs. The new role is similar.
I guess if they don't decide to match, they don't think my role / services are worth that much then?
Thoughts? Should I try and use it as a bargaining chip?
Never accept/try the counter-offer. Just leave on the best terms you can.
a friend did this and it worked, but imo it shows you're halfway out the door.
I thought this would be the case, however, I wasn't looking, I was approached by the company and thought I'd go along and see what happens. I'm happy in current role but figured why not try and increase pay if the opportunity is there?
yeah, but you're giving an ultimatum. I'll leave if you dont pay me more.
Either they go 'ok' or 'no go'. But either way, you've been looking elsewhere for a better deal.
That is a very valid point.
Nothing to add, the 3 comments above are too solid.
Just move on, isn’t that the reason you choose to shop around/get the new job offer?
~6 years ago I told my employer that their competitor had approached me and requested I interview for a position they had advertised. It worked very well for me. He came back later that day and asked I not interview and offered a $20k pay increase and a new title and responsibilities on the spot. It all comes down to your current worth and theoretical future worth to the business.
FYI at the time, I was in my infancy with the business and now I answer solely to the director and am managing a team.
Don't make it about money. Make it about future progression opportunities.
I'm basing my question on some of above comments: did your salary sort of cap-out after that negotiation, or you've had raises after that instance? Many thanks 🙂
3-4 more since. But as I said, I was in my infancy with the company and had plenty of upward potentials.
I think there's a difference between what you did (ie before you engage with the competitor) and asking the current employer up meet/beat an offer.
The latter can be perceived as more "disloyal".
100% agree. That's why I said any conversation needs to be about future progression/worth, not money and not from a position of knowledge.
unfortunately, OP is way past that stage
In my experience, and from observing friends experiences, it's nearly always better to leave and take the offer.
It buffs your CV, enables you to gain more experience with how another employer in your industry does things and your current employer may not take the "matching" or "counter offer" well.
Depends how big your employer is imo. If you're just seen as a number, go for the bargaining. If it's a closer knit company, probably better off just leaving.
Yeah it's massive haha, I'm just another number and the role can be filled but requires investment in that person's knowledge and training which is lacking at current place.
If your management can justify your offer to their management, I don't believe they really hold grudges like some people have said. In large companies.
That's just my experience though.
If you were the person to initiate contact with the prospective employer, think about why you did it in the first place.
There must have been things you did not like about your current place. Will extra money make the problems go away? Only if the only problem is money.
In most cases if you have started looking for a new place, it is best to move on.
If however you were approached and you like your current place, bargain away!
This does help! I was approached as opposed to seeking the role myself.
If that is the case time to start bargaining but be sure to approach it in a sensible manner.
Arrange a time where you can speak to your manager without interruptions and just be respectful of the situation as a whole and state that while you are definitely enjoying your work, the environment and the company, you have been approached by another company that is purporting to offer the same but with more money.
Ask if your manager can do anything about it but don't be aggressive i.e "if you don't give me XXX more I will quit!"
Your manager will likely need to take this away but hopefully you get an answer pretty quick.
Good Luck!
Was thinking of this approach! Thank you, good advice.
I think it depends on your relationship with your manager.
If you have a good relationship, have an informal chat with your manager.
Yeah nah, this isn't haggling over a car or something. Even if your current employer offers to match or beat the new offer I'd leave regardless from an integrity perspective. Think about it, you wouldn't be sussing out new roles if the current role is crash hot?
Once you use it as a bargaining chip at your current place you've probably capped your salary after they give you a raise because it makes your employer dislike you.