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How to go about using a job offer to get a raise in a professional way? Update
Posted on 3/28/23 at 9:52 am
Posted on 3/28/23 at 9:52 am
So I got a job offer from another company for more pay etc. But not a ton more, I really don't want to take it, and I'm confident my current employer will pay to keep me.
What is the correct approach to try to stay at my current employer, but get a raise.
Just inform them that I have recieved a offer I'm considering? (I would think this)
Go straight to a resignation notice?
I've always just left a job for a better one, not really done this before.
Update:
Talked to my Manager, told him I had an offer for more, but that I wasn't really looking to leave and that they had reached out to me. He was really cool about it. Said they couldn't afford to lose me and would tell upper management and payroll to do whatever they could to keep me.
He had me go ahead and make a resignation letter in case it was needed to make it official to get them to the negotiation table and had me bring my offer letter.
They turned around and offered me about 5% more than the other company.
Ended with me getting about a 25% raise.
What is the correct approach to try to stay at my current employer, but get a raise.
Just inform them that I have recieved a offer I'm considering? (I would think this)
Go straight to a resignation notice?
I've always just left a job for a better one, not really done this before.
Update:
Talked to my Manager, told him I had an offer for more, but that I wasn't really looking to leave and that they had reached out to me. He was really cool about it. Said they couldn't afford to lose me and would tell upper management and payroll to do whatever they could to keep me.
He had me go ahead and make a resignation letter in case it was needed to make it official to get them to the negotiation table and had me bring my offer letter.
They turned around and offered me about 5% more than the other company.
Ended with me getting about a 25% raise.
This post was edited on 4/4/23 at 1:43 pm
29
Posted on 3/28/23 at 9:52 am to NATidefan
bad idea. your current boss will resent you for it.
Posted on 3/28/23 at 9:52 am to NATidefan
quote:
Go straight to a resignation notice?
Nah. Gauge your boss to see where he's at with your pay. Then you can make your decision appropriately.
Threatening is never a good way IMO.
Posted on 3/28/23 at 9:55 am to MorbidTheClown
quote:
bad idea. your current boss will resent you for it.
Na, it's a worldwide company, my Boss and the people directly above him have little to do with my pay other than recommending to the corporation that I should get raises and that I'm valued, etc.
It doesn't effect them directly money wise. How it would effect them is it would make their life harder by losing me.
This post was edited on 3/28/23 at 9:59 am
Posted on 3/28/23 at 9:56 am to MorbidTheClown
quote:
bad idea. your current boss will resent you for it.
This is horrible advice. Ask for what you’re worth. If your boss resents it, they can get fricked
Posted on 3/28/23 at 9:57 am to NATidefan
"I wanted to let you know I've been offered a job at another company for a considerable bump in pay. I love working here, and I'd prefer to stay. Can we discuss salary options?"
They either think your indispensable, or they'll let you walk. Either way, you'll find out just how important you are to your employer.
They either think your indispensable, or they'll let you walk. Either way, you'll find out just how important you are to your employer.
Posted on 3/28/23 at 9:57 am to NATidefan
How good are your annual assessments? Do they warrant a raise? If so just ask for one. It's business, not personal.
Posted on 3/28/23 at 9:58 am to NATidefan
Dont mention the other job unless you have to. Be upfront with your employer and request a raise.
Posted on 3/28/23 at 9:59 am to NATidefan
When was the last time you got a raise?
Posted on 3/28/23 at 10:00 am to LSUtwolves
unless you're absolutely ready to walk.
you still have to work for them.
quote:
they can get fricked
you still have to work for them.
Posted on 3/28/23 at 10:00 am to NATidefan
Tell your boss you’ve gotten an offer from another company.
Tell them that the offer is for more money.
Tell them you’d much rather stay with your current job but financial shite is important to you.
Ask them if there is anything they can do with salary /benefits.
Do all of this in an amicable way
Tell them that the offer is for more money.
Tell them you’d much rather stay with your current job but financial shite is important to you.
Ask them if there is anything they can do with salary /benefits.
Do all of this in an amicable way
Posted on 3/28/23 at 10:02 am to Wtodd
quote:
How good are your annual assessments
Very good
quote:
Do they warrant a raise?
Yes
quote:
If so just ask for one.
If it was up to my Boss or his Boss I would have one. But like I said, it's a large corporation and they don't really make the decisions on raises.
It's not a great company for that reason among others, but the other one offering isn't either which is why I'm not overly interested.
Posted on 3/28/23 at 10:04 am to NATidefan
quote:
Just inform them that I have recieved a offer I'm considering? (I would think this)
"Hell boss, I received a job offer at another firm for a higher amount. I really value working here; however, compensation is a priority for my family and me. Would you be willing to match this offer so I can remain here?"
Posted on 3/28/23 at 10:05 am to ItzMe1972
quote:
When was the last time you got a raise?
Last year, but it was two years before that. And the one last year was just to make the company more competitive. Everyone got the same % amount depending on position. Not one based solely on my abilities or value.
This post was edited on 3/28/23 at 10:08 am
Posted on 3/28/23 at 10:06 am to NATidefan
When was your last pay increase? Do you know what your pay is compared to others with the same title as you?
Also, do you have a good relationship with your direct supervisor? They will have full control over how it will be presented to the actual decision maker
Also, do you have a good relationship with your direct supervisor? They will have full control over how it will be presented to the actual decision maker
Posted on 3/28/23 at 10:08 am to NATidefan
As someone who has dealt with this type of situation for many years.
I have never given someone a raise in this situation. I always tell them that if they want to take the other job then they should.
I have never given someone a raise in this situation. I always tell them that if they want to take the other job then they should.
Posted on 3/28/23 at 10:12 am to NATidefan
I would be upset if a valued employee didn't come to me with the offer.
Posted on 3/28/23 at 10:14 am to Chromdome35
quote:
As someone who has dealt with this type of situation for many years.
I have never given someone a raise in this situation. I always tell them that if they want to take the other job then they should.
Interesting. I would like to think it depends on the situation and level of the position.
It can be more expensive to train a replacement than increasing their salary.
ETA: did the OP actively look for this other job opening or were they approached?
This post was edited on 3/28/23 at 10:17 am
Posted on 3/28/23 at 10:17 am to LSU6262
quote:
When was your last pay increase? Do you know what your pay is compared to others with the same title as you?
Yes and Yes. I don't get paid poorly compared to some others I work with. The company doesn't have a good structure for employee pays scale. I know plenty that have done what I'm doing or have left and comeback to get big bump raises.
I get along great with my Boss. He knows he would be in trouble without me.
I'm the lone knowledgeable tech on about a 25 million dollar electronics production contract. No one knows the product, how it works, etc really but me.
If I left they would be in pretty big trouble with it
This post was edited on 3/28/23 at 1:34 pm
Posted on 3/28/23 at 10:21 am to LSU6262
quote:
ETA: did the OP actively look for this other job opening or were they approached?
I was approached.
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