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I've received an offer from another company, for $6/hr more than my current position. Im not 100% sold on the other company, but it would be nice to leverage a raise from my current company. Is there a good way to go about this?
The only way to do this is just request a raise without letting them know you have a better offer on the table. Make sure you have reasons ready why you deserve the extra pay.
If you tell them about the other offer they may keep you around and give you more money but I'd feel like the relationship has been tarnished now that they know you could be ready to bolt at any minute for a better offer.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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We actually have a written policy that provides for the CEO to grant a pay increase outside of the normal promotional and performance based raise rules when there is a written offer from another employer. Very few people are indispensable, however, and it's not likely to ever be used. Most managers would never even ask, since it makes them look lazy or incompetent by spending more money rather than hire and train a replacement. Your company may be more cooperative, but what will you do if their response is "fine, then take it."
We actually have a written policy that provides for the CEO to grant a pay increase outside of the normal promotional and performance based raise rules when there is a written offer from another employer. Very few people are indispensable, however, and it's not likely to ever be used. Most managers would never even ask, since it makes them look lazy or incompetent by spending more money rather than hire and train a replacement. Your company may be more cooperative, but what will you do if their response is "fine, then take it."
This. At $6/hr, that's approx. a $13k raise. Unless you are a star/critical employee, I doubt they will match it.
Hmmm....I work in HR. In my experience, I have to agree with charlygal here. If you aren't seen as invaluable at your current organization, there's not much hope of getting that kind of increase out of them. If you are in a specialty role (such as certain IT jobs, for example) that might be difficult to backfill, then it's a different story. If your job is very commonplace with a large candidate pool in your area, I'd say there's just no way.
Unless you absolutely LOVE the company you're with, I say just take the new job with the higher pay. My philosophy - in order to move up (both in terms of pay and career level) you mostly gotta move out. That is, unless you're lucky enough to be in a company with a plethora of promotional opportunities at your fingertips.
... what will you do if their response is "fine, then take it."
Personally, I wouldn't play this hand. I would keep that offer to myself, get my ego boost, "atta boy", my motivation, or whatever it provides, but wouldn't use it as leverage unless I was prepared to jump anyway. Under the wrong circumstances, someone might just call your bluff. If I feel I deserve a raise I'd justify that based on solid performance.
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