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re: Leveraging a job offer to get a raise
Posted on 1/31/18 at 1:48 pm to NYNolaguy1
Posted on 1/31/18 at 1:48 pm to NYNolaguy1
1. Confirm the other offer is 100% yours.
2. Give your company the chance to match the offer.
If they match it, you get the raise and you get to stay where you're at. If not, go make more money elsewhere. Now you know what you're worth, go get paid.
I did this last year. Didn't want to leave, but the offer was too good to pass up. Told ownership about it and my intentions were to take the other job. They matched the offer and then some. I said thank you to the other company that offered me the opportunity and stayed put. Can't say it always works out like that, but it did for me. Good luck.
2. Give your company the chance to match the offer.
If they match it, you get the raise and you get to stay where you're at. If not, go make more money elsewhere. Now you know what you're worth, go get paid.
I did this last year. Didn't want to leave, but the offer was too good to pass up. Told ownership about it and my intentions were to take the other job. They matched the offer and then some. I said thank you to the other company that offered me the opportunity and stayed put. Can't say it always works out like that, but it did for me. Good luck.
This post was edited on 1/31/18 at 1:52 pm
1
Posted on 1/31/18 at 1:49 pm to NYNolaguy1
Yes I have. Just be prepared to actually leave your current place of employment.
I got a large raise after getting my PE. It's typically not just because you got a PE. It's that engineers in the 3 to 5 years of experience range are currently highly valued.
I got a large raise after getting my PE. It's typically not just because you got a PE. It's that engineers in the 3 to 5 years of experience range are currently highly valued.
Posted on 1/31/18 at 1:50 pm to Panny Crickets
quote:
Not probably.
, true. Posted on 1/31/18 at 1:50 pm to 50_Tiger
quote:
20% for an Engineer is serious money.
While I agree with your statement in general, it is probably a pretty standard bump at the EI to PE level.
To the OP: If your current employer is not all but making it standard to give you a raise when you become registered, you probably should look elsewhere anyway. I would tactfully ask for a offer letter from the competing company and then MAYBE present it to your boss. That being said, if they are stingy and reluctant at this point about giving you a raise when you have something tangible to base it on, don't you think you'll be facing an even bigger challenge to get a raise the next time you believe you are due?
Posted on 1/31/18 at 1:50 pm to NYNolaguy1
No, you'll burn the bridge leading to the other company. Make a decision to leave or stay.
Posted on 1/31/18 at 1:53 pm to NYNolaguy1
I think that if you want a raise you should try to negotiate without bringing up the other job offer. I think that once you being up that other offer there is the idea of a threat there, and it will be something that can damage relationships. You pretty much just mark yourself as someone who management needs to replace long term.
This post was edited on 1/31/18 at 1:54 pm
Posted on 1/31/18 at 1:54 pm to Walking the Earth
quote:
If he's holding fifty bucks against you, the chances of matching 20% seem remote so prepare to walk.
Normally I would agree, but we are already shorthanded from a recent increase in workload and are having trouble finding people to fill the gap. If I were to leave they'd be short two people, and even deeper in the hole.
Posted on 1/31/18 at 1:55 pm to 50_Tiger
quote:
20% for an Engineer is serious money.
Not really if you are in the 4 to 10 years of experience range. Once you get above 15 years the % increases start to drop a bit.
Posted on 1/31/18 at 1:56 pm to NYNolaguy1
As said earlier, make sure the job is in the bag and treat it like a quote when buying a car. Make him beat the offer or at least meet it. You've got the leverage at this point, assuming the offer is legit attainable.
This post was edited on 1/31/18 at 1:58 pm
Posted on 1/31/18 at 1:57 pm to NYNolaguy1
Everyone has already said what you need to know.
The only thing I can add is this...
For some reason, lots of people think this scenario requires you to play some sort of brass balls "art of the deal" negotiation hardball.
It doesn't. It's not that hard of a conversation to have.
"Hey boss, what's up? I have something I'd like to discuss with you. I've recently been offered a position at another company. They are offering me X dollars. I really enjoy working here, but that offer is tough to turn down. Is there anything that can be done?"
Honestly, that's it. They can either match/beat the other offer or not.
But like others have said, you have to be willing to leave if they don't.
The only thing I can add is this...
For some reason, lots of people think this scenario requires you to play some sort of brass balls "art of the deal" negotiation hardball.
It doesn't. It's not that hard of a conversation to have.
"Hey boss, what's up? I have something I'd like to discuss with you. I've recently been offered a position at another company. They are offering me X dollars. I really enjoy working here, but that offer is tough to turn down. Is there anything that can be done?"
Honestly, that's it. They can either match/beat the other offer or not.
But like others have said, you have to be willing to leave if they don't.
Posted on 1/31/18 at 1:57 pm to Boudreaux35
quote:
While I agree with your statement in general, it is probably a pretty standard bump at the EI to PE level.
I agree with everything except EE fields (minus Power).
20% bump in salary of most Engineers is anywhere from ~18k-25k depending on the job and location. Maybe even more for NY if he's in NY or the other coast.
NY must be a rock star at his current employer for them to probably increase his salary that high.
Posted on 1/31/18 at 1:57 pm to NYNolaguy1
Where is Les Miles?
Posted on 1/31/18 at 1:58 pm to NYNolaguy1
I'd negotiate with the company making you a 20% offer and try to get 25-30% more. Then, go back to your boss with the offer.
Posted on 1/31/18 at 1:58 pm to NYNolaguy1
Let me tell you about working for Engineering companies - the larger they are, the more they suck.
If you have a 20% offer increase and the new company is OK with you, go ahead and make the jump.
Your worth just went up for your billable rate with the PE after your name.
Larger engineering firms tend to have some nasty politics happening, as well as some old timers who just plain suck. My experience has been very few Engineers evolve into solid people leaders. Their brains and education are not wired that way and large corporate politics makes it worse.
Get some experience wherever and then find a small to medium size firm to work for.
Best plan eventually (assuming you are a white male), find a female(s) or minority(s) you like to work with and open up your own firm as a DBE. Government contracts love them DBE firms.
If you have a 20% offer increase and the new company is OK with you, go ahead and make the jump.
Your worth just went up for your billable rate with the PE after your name.
Larger engineering firms tend to have some nasty politics happening, as well as some old timers who just plain suck. My experience has been very few Engineers evolve into solid people leaders. Their brains and education are not wired that way and large corporate politics makes it worse.
Get some experience wherever and then find a small to medium size firm to work for.
Best plan eventually (assuming you are a white male), find a female(s) or minority(s) you like to work with and open up your own firm as a DBE. Government contracts love them DBE firms.
This post was edited on 1/31/18 at 2:10 pm
Posted on 1/31/18 at 1:59 pm to LSU0358
quote:
Not really if you are in the 4 to 10 years of experience range. Once you get above 15 years the % increases start to drop a bit.
20% for me puts me safely over 6 figures and even more comfort in my current lifestyle.
I work in Telecom though. We're kinda stuck in from giving big bumps until 5G rolls.
Posted on 1/31/18 at 2:01 pm to NYNolaguy1
This is just managing your career. This is a crossroads where it's time to get to the next level. Most people don't like change and would prefer to continue doing what they know and are comfortable with hoping that it will be appreciated. Usually, it's not and that's just business. Be realistic about the new firm though and make sure it's not a sinking ship.
Posted on 1/31/18 at 2:02 pm to NYNolaguy1
10% raise maybe think about it because you like your job, the people you work for and your boss is nice then i would try to leverage because i wanted to stay. if you boss is cheap and bitching about pennies then why do you even need to ask this question?
dont say shite to your boss, get the job first then and only then turn in your 2 weeks notice letting them know if they can match the offer you would stay but they need to back off on the ridiculous penny pinching on expenses.
dont say shite to your boss, get the job first then and only then turn in your 2 weeks notice letting them know if they can match the offer you would stay but they need to back off on the ridiculous penny pinching on expenses.
Posted on 1/31/18 at 2:02 pm to 50_Tiger
quote:
NY must be a rock star at his current employer for them to probably increase his salary that high.
I think it has more to do with there being more work than people, where firms are willing to pay a premium to poach people from other firms.
It's ultimately a response in the market from 2008 when whole firms were closing their doors from the market crashing.
This post was edited on 1/31/18 at 2:06 pm
Posted on 1/31/18 at 2:04 pm to UGATiger26
quote:
For some reason, lots of people think this scenario requires you to play some sort of brass balls "art of the deal" negotiation hardball.
It doesn't. It's not that hard of a conversation to have.
"Hey boss, what's up? I have something I'd like to discuss with you. I've recently been offered a position at another company. They are offering me X dollars. I really enjoy working here, but that offer is tough to turn down. Is there anything that can be done?"
This guy gets it. Be honest with your employer. All these people telling you to “leverage” the offer aren’t considering the fact that you have just forced the situation. They may keep you now out of necessity but they won’t forget and, down the road, you better believe you will be the first one they screw when circumstances dictate.
Posted on 1/31/18 at 2:04 pm to Peazey
quote:
I think that if you want a raise you should try to negotiate without bringing up the other job offer. I think that once you being up that other offer there is the idea of a threat there, and it will be something that can damage relationships. You pretty much just mark yourself as someone who management needs to replace long term.
I think you can avoid that if you bring it up correctly. I've gotten an offer from another company in the past when I wasn't actively seeking another job. I talked to my boss at the time and let him know that this offer fell in my lap unexpectedly, but that the increased money was too much to ignore. He appreciated that I was upfront and that it wasn't the result of me shopping myself around to leverage him. Of course this depends on how reasonable a person your boss is...some might hold a grudge no matter what, but they will either match, or you take the other offer.
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