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Leveraging a job offer to get a raise
Posted on 1/31/18 at 1:41 pm
Posted on 1/31/18 at 1:41 pm
Anyone here done it?
Long story short is that after passing the PE exam in Dec., my branch manager (who only started this position in the last half of last year) informed me that he would give me a review in July, and that it would be taken into consideration. I work for an engineering firm with 3000+ people in the company, but this branch manager is extremely stingy, even going so far as to ask why I would think my $50 PE stamp is something expensible. Aside from that I actually like my job.
Fast forward to yesterday when a competing firm writes to me asking me if I would be interested in an open position they have with a bigger salary (20% bump). I havent responded yet, but it got me thinking, have you ever leveraged a job to get a bump in pay? Did it work out or end disastrously?
Long story short is that after passing the PE exam in Dec., my branch manager (who only started this position in the last half of last year) informed me that he would give me a review in July, and that it would be taken into consideration. I work for an engineering firm with 3000+ people in the company, but this branch manager is extremely stingy, even going so far as to ask why I would think my $50 PE stamp is something expensible. Aside from that I actually like my job.
Fast forward to yesterday when a competing firm writes to me asking me if I would be interested in an open position they have with a bigger salary (20% bump). I havent responded yet, but it got me thinking, have you ever leveraged a job to get a bump in pay? Did it work out or end disastrously?
40
Posted on 1/31/18 at 1:42 pm to NYNolaguy1
This question should go to Les Miles.
Posted on 1/31/18 at 1:42 pm to NYNolaguy1
Sure. Just be sure you really have the other offer in hand.
Posted on 1/31/18 at 1:42 pm to NYNolaguy1
Posted on 1/31/18 at 1:42 pm to NYNolaguy1
20% for an Engineer is serious money. I would jump. Especially given the fact that you've stated your boss is lacking in will to take care of his employees.
Posted on 1/31/18 at 1:43 pm to NYNolaguy1
If you're going to leverage another offer, you need to be prepared for them to call your bluff.
You probably want to have that other job in hand before you bring it to your current employer as leverage.
You probably want to have that other job in hand before you bring it to your current employer as leverage.
Posted on 1/31/18 at 1:43 pm to NYNolaguy1
Just be ready to leave when you current firm decides that your services are no longer needed. I'd leave for a 20% bump regardless.
Especially the kind of job that nags about expensing $50 for a stamp
Especially the kind of job that nags about expensing $50 for a stamp
Posted on 1/31/18 at 1:43 pm to NYNolaguy1
Get a formal offer letter in hand.
Go into fricky mcfrickface's office and tell him to frick or walk.
If he don't wanna pony-up, go somewhere that appreciates your work.
Go into fricky mcfrickface's office and tell him to frick or walk.
If he don't wanna pony-up, go somewhere that appreciates your work.
This post was edited on 1/31/18 at 1:44 pm
Posted on 1/31/18 at 1:43 pm to NYNolaguy1
20% and your manager is a prick? I say go with it.
Posted on 1/31/18 at 1:44 pm to High C
quote:
This question should go to Les Miles.
quote:
Sure. Just be sure you really have the other offer in hand.
And Austin Thomas.
Posted on 1/31/18 at 1:44 pm to NYNolaguy1
It happens all day every day. It's just business. But like someone else said, I'd have the letter in hand before having that conversation.
Posted on 1/31/18 at 1:45 pm to NYNolaguy1
I’ve done it. Had another offer letter in-hand and my employer came close enough to match for me to stay put. They were happy they kept me from bolting and I was happy with the raise.
The company that made the offer crashed and burned a few years later.
The company that made the offer crashed and burned a few years later.
Posted on 1/31/18 at 1:46 pm to slackster
quote:
You probably want to have that other job in hand before you bring it to your current employer as leverage.
Not probably.
Posted on 1/31/18 at 1:46 pm to NYNolaguy1
Like others have said, make sure the other job is in hand and you are willing to walk away from your current job if you don’t get the raise.
Posted on 1/31/18 at 1:46 pm to NYNolaguy1
quote:
have you ever leveraged a job to get a bump in pay? Did it work out or end disastrously?
I have and my employer matched the offer. I didn't formally accept the new position and back out. I'd think less of a candidate that did that.
Posted on 1/31/18 at 1:46 pm to NYNolaguy1
Only use leverage if you legitimately have a committable offer and are willing to walk if they call your bluff.
Posted on 1/31/18 at 1:48 pm to NYNolaguy1
It might be a good idea just to go and listen to the other company. The guy quesitioning the $50 PE stamp probably isn't going to be too keen on offering you a 20% increase.
Posted on 1/31/18 at 1:48 pm to NYNolaguy1
I'm contemplating the same thing. I just got new credentials and am awaiting state certification and my insurance #. My current employers says there is a raise in it for me, but haven't heard any numbers yet (guess they are also waiting for me to be all certified. In the mean time I have gotten job offers all over Florida, south Louisiana, Cali, Kentucky and even one in Abu Dhabi.. I really am not actually interested in relocating but thinking I might use this stack of offers as leverage if I get low balled
Posted on 1/31/18 at 1:48 pm to NYNolaguy1
If he's holding fifty bucks against you, the chances of matching 20% seem remote so prepare to walk.
Posted on 1/31/18 at 1:48 pm to NYNolaguy1
You need to have the formal offer and then only use the leverage IF you are fully prepared to go to the other firm.
I did it twice early in my career, once it was matched and the other time I had to move on. Worked out for me but you have to be ready to leave.
I did it twice early in my career, once it was matched and the other time I had to move on. Worked out for me but you have to be ready to leave.
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