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Message
New job offer with 19% bump in salary. Same position with different company
Posted on 9/6/18 at 6:48 am
Posted on 9/6/18 at 6:48 am
19% increase is surprising to me. Am I that under paid now? I guess I'll see if current company wants to try and match.
Of course my average (over 5 years) annual bonus is higher at my current company than will be at new company. After bonus, it's about a wash. No guarantee of a bonus though.
Of course my average (over 5 years) annual bonus is higher at my current company than will be at new company. After bonus, it's about a wash. No guarantee of a bonus though.
8
Posted on 9/6/18 at 7:08 am to LSU6262
As a general rule I never accept offers made by a current employer to match that of a new job offer.
I also never also offer to match an offer a current employee gets. If it gets to that point they’re usually mentally checked out
I also never also offer to match an offer a current employee gets. If it gets to that point they’re usually mentally checked out
Posted on 9/6/18 at 7:11 am to LSU6262
Depends on your position and skills I guess. Economy is hot and there are a lot of skilled positions open with a shortage of skilled labor.
That’s sort of a tough decision to make once you factor the bonus difference. Maybe bring the “unsolicited offer” to your current employers attention, assuming you don’t have another reason to leave your current employer.
That’s sort of a tough decision to make once you factor the bonus difference. Maybe bring the “unsolicited offer” to your current employers attention, assuming you don’t have another reason to leave your current employer.
This post was edited on 9/6/18 at 7:14 am
Posted on 9/6/18 at 7:29 am to LSU6262
quote:
I guess I'll see if current company wants to try and match.
That's a tricky game to play. You'd better be sure the new offer is solid because your arse may be shown the door when you try this play.
Posted on 9/6/18 at 7:41 am to Finch
quote:
If it gets to that point they’re usually mentally checked out
Not really. I like my job and don't want to leave, but if someone offered me more money I would. However, I would give my current company a chance to keep me on board because I like it here. It's not personal, just business.
This post was edited on 9/6/18 at 7:42 am
Posted on 9/6/18 at 7:41 am to LSU6262
Do you like your current company? If yes, stay. If you hate it, go.
Also, whats the long play? Will your current company continue to allow you to move up or is this the end of the road after this move? What the story with the other company in that same regard?
Also, whats the long play? Will your current company continue to allow you to move up or is this the end of the road after this move? What the story with the other company in that same regard?
Posted on 9/6/18 at 8:16 am to Finch
quote:
I never accept offers made by a current employer to match that of a new job offer.
I should have mentioned that the new company recruited me from LinkedIn. I met with them because I wanted to see what I was worth.
I'm neutral about my current employer right now. I like it now (recently got a new supervisor which I like a lot), but there have been times I hate it.
I also will lose 1 week of vacation.
Posted on 9/6/18 at 8:36 am to LSU6262
Vacation is easily negotiable. Especially if it’s just 1 week.
I will add I took a move for a 20% increase within the last year as well and don’t regret it one bit.
I will add I took a move for a 20% increase within the last year as well and don’t regret it one bit.
This post was edited on 9/6/18 at 8:37 am
Posted on 9/6/18 at 8:55 am to eng08
quote:
Vacation is easily negotiable. Especially if it’s just 1 week.
This x 1000. If they waffle on the vacation offer to agree to just taking a week in your first 3 to 6 months.
Posted on 9/6/18 at 9:05 am to Finch
quote:
As a general rule I never accept offers made by a current employer to match that of a new job offer. I also never also offer to match an offer a current employee gets. If it gets to that point they’re usually mentally checked out
I read this 3 times and still don’t know what it means.
Posted on 9/6/18 at 9:39 am to LSU6262
If it's a wash with bonus and you lose a week of vacation I am not sure I would entertain changing jobs.
Posted on 9/6/18 at 11:24 am to OceanMan
Seems like he’s saying he doesn’t believe in utilizing an offer as leverage. 
This post was edited on 9/6/18 at 12:06 pm
Posted on 9/6/18 at 11:30 am to LSU6262
Percentage increases are hard to understand on this board because we don’t know the base rate or your marginal value of each incremental dollar.
With that said, a 20% increase is pretty reasonable or standard when jumping from one firm to another.
I value many other things above salary so personally pay is the 3rd or 4th thing on my totem pole when considering a move.
With that said, a 20% increase is pretty reasonable or standard when jumping from one firm to another.
I value many other things above salary so personally pay is the 3rd or 4th thing on my totem pole when considering a move.
This post was edited on 9/6/18 at 11:32 am
Posted on 9/6/18 at 11:46 am to OceanMan
quote:
I read this 3 times and still don’t know what it means
I’ll assume you’re not trolling because this isn’t the OT so I will explain it
If the only reason my boss wants to pay me more is because someone else will then I’m not in a good position so I am going to take the new job.
If an employee comes to me and says there is another company willing to pay them more so they want a raise, I won’t just make an offer because of that. We can discuss them taking on new responsibilities to earn more money or they can validate why they are worth more but I’m not just getting into a bidding war.
At that point the employee is already mentally in another job and it sets a bad precedent
Posted on 9/6/18 at 11:54 am to Finch
quote:
As a general rule I never accept offers made by a current employer to match that of a new job offer.
I also never also offer to match an offer a current employee gets. If it gets to that point they’re usually mentally checked out
Pretty good policy unless that person is a mission critical employee (which speaks more broadly to the need to develop the org's talent pool so that those mission critical people don't wield so much power).
Using an offer elsewhere as leverage in your current role is a terrible long-term career decision.
This is simple: If you want a raise, then ask for a raise. You can bring whatever data points you think make your case to the discussion but ask for the raise. All too often, I see threads like this where the conversation has never happened and yet people wonder why they don't get a raise.
Posted on 9/6/18 at 11:55 am to OceanMan
quote:I mean, his point is pretty clear
I read this 3 times and still don’t know what it means.
He never asks his company to match an external offer, nor does he ever match his employee's external offer if they come asking for a match, and let them walk.
Obviously, you can debate that stance but I think his post was pretty clear and consise.
Posted on 9/6/18 at 12:02 pm to VABuckeye
quote:
That's a tricky game to play. You'd better be sure the new offer is solid because your arse may be shown the door when you try this play.
Why I never liked leveraging an offer.
If you ask for a raise and your company still undervalues you, that is a signal
Posted on 9/6/18 at 12:22 pm to GenesChin
Yeah I have changed my mind on that over the past couple of years, now I think (IN GENERAL), it's a poor play to ask your current employer to match.
As for the OP, I wouldn't leave my company (where you already have, hopefully, built some trust) to go to another company to start over if it's a wash total compensation wise...unless you're really unhappy there right now.
As for the OP, I wouldn't leave my company (where you already have, hopefully, built some trust) to go to another company to start over if it's a wash total compensation wise...unless you're really unhappy there right now.
This post was edited on 9/6/18 at 12:25 pm
Posted on 9/6/18 at 2:50 pm to lynxcat
quote:
Using an offer elsewhere as leverage in your current role is a terrible long-term career decision.
no its not. I have used it twice, and both times it worked fabulously. One time I doubled my OTE. I was there for 8 more years. I will say that it varies by employer and manager. If your manager takes things personally or employer doesn't realize that jobs are usually transaction, it can backfire.
To OP, when comparing offers compare the full offer - salary, bonus, options, benefits. These things matter.
Posted on 9/7/18 at 11:46 am to LSU6262
If money is the only thing driving you to consider the other opportunity, you need to approach management and ask for a raise.
If you tell your current employer about your offer, and they extend an offer (and with the job market the way it is right now, this is likely), I would think very hard about accepting that counter.
It is almost never a good idea to accept a counter. The first thing they're going to do is start pipelining candidates as your cheaper replacement. There's a reason you're considering another offer -- and if it's anything other than money -- you should just accept it.
If you tell your current employer about your offer, and they extend an offer (and with the job market the way it is right now, this is likely), I would think very hard about accepting that counter.
It is almost never a good idea to accept a counter. The first thing they're going to do is start pipelining candidates as your cheaper replacement. There's a reason you're considering another offer -- and if it's anything other than money -- you should just accept it.
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