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My current employer has a habit of not promoting someone until they are making it known that they are looking for another job, or they gave their notice then they usually offer 10% some have accepted it some have left. My feeling is never a good idea to go through all the employment hiring process then turn them down at the last second to stay with your current employer It usually burns the bridge with the new company, and now your current employer has the upper hand.
The strange thing is being a new employee seems to be better than being an old employee these days another words it seems easier to move up by changing jobs then waiting around for managers to do something.
If you give notice, go. Once you give notice you've tipped your hand. You'll never know if they give you the 10% while they look for your replacement. And if you were worth that amount all along, why didn't they pay you? So are you always going to be underpaid if you stay? Too may questions and not a lot of good outcomes for you.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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We have an actual policy, in which the CEO (only) can authorize a pay increase to match pay and retain a key employee who has been given a (written) offer from somewhere else. It's never been used, and probably never will. For a manager to even send up a request for that is like admitting they cannot handle bringing in a new person. We have had a few people leave recently to go to work for more money at places like Amazon and Starbucks Corporate, and their managers just wished them well and accepted their resignation.
I think it is unethical to allow a potential employer to court you when you know all along that you just want an offer. Flying people in, and the whole recruitment process can be costly in finances and time and I have not felt good about it once I sensed that the applicant never intended to change jobs. Just unethical. And while wooing a fanthom applicant, you end of loosing another viable applicant to someone else. Just don't do it.
I agree with the person who said that the largest gains come from changing jobs. If you really want to stay where you are, then perhaps a salary study could be done of comparable jobs in your area or if your organization permits this, ask for a desk audit to determine whether you are doing more than your pay grade.
I have seen it happen with others. Here is the most interesting one: My brother was working for a binder company. The company had several patents in the industry. He had a big impact with the company. Company car, nice office, lots of perks. This was a small company. A company that licenses the patented products and had a good relationship with the company my brother works for, asked my brother to come work for them. They are a larger company and were offering him a lot more money. It was a deal where he could not turn it down.
He tells the owners of the binder company he has an offer from the other company. They do what they can to keep my brother working for them. He wants to move on though to a more professional company and the small binder company had a lot of family issues. Most of their money came from the licensing of their products.
My brother leaves for this other company and the owners of the first company, who are friends with the owners of the second company, make a deal. They want to share my brother. They need him for some critical components of the business and make an offer to the owners of the other company to use my brother for that part of the business. He ends up working at both places, 4 days at one and one day at the old employer. It works out for him and he ends up getting even more money.
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