Never take the counter offer though. Take the new gig. If your employer didn’t value you they arent going to suddenly start. They are just buying time to find a replacement.
I’m sure someone will fill the need to tell me of the 1% times it works out but in general it’s almost always better to take the new gig.
Here’s an alternative perspective: if they counter offer, you’re probably still underpaid, so you may want to accept and keep looking for the next few months using the new salary as your new base expectation. But absolutely make sure you’re never going to come back to that org if you leave within a year of accepting the counter offer.
If you’re not going to take the counter offer, why even bring it up? I suppose it would be a message to your old boss that they ought to offer more when seeking your replacement, but they won’t. Maybe you could share the information with the person most likely to be forced into doing all your work under their old title and at their old wage.
unsolicited. I put in my notice, boss asks how much I’m getting offered and makes a counteroffer.
solicited. I get an offer and let my boss know a company is offering X and ask if they’ll give Y.
I think the line of thinking of intentionally trying to get a counteroffer is that if you get a counter offer you could take it to the new employer and try to get them to match. In a worker’s market that might get you some more money but in a employer’s market your only real choice is to go with the new employer. Does it hurt to ask? Maybe not, but id rather not risk it since at that stage you’ve already informed your boss of the new job offer so if anything goes wrong, your old employer is still going to start looking for a replacement.
Ofc, at the time salary is discussed you are talking with HR so it’s slightly less risk, but they still might have a candidate #2 and #3 on standby.
Yeah, I don’t think it’s unreasonable to ask the new company to beat it by a bit. Tell them you’ll verbally accept if they meet, say, 5-10% above the counter offer or even a one-time sign-on bonus because you’d like a change of pace anyway but want some compensation for taking the risk of making the jump.
In my experience being both and employee and employer it’s not usually the best move to stay. You were leaving for a reason. If the reason was not money, then all it’s done is convince you to put up with it for longer. If it was money, it’s just a matter of time till someone offers more, and the company knows that. They will build redundancy and remove you so you don’t disrupt business by surprising them with an exit.
If you’re not making enough there it’s because the company doesn’t want to pay you more or can’t. If a company is paying you more than they would like, they’re not just going to accept that, action will be taken to fill that spot at the desired price point.
Is all this right and moral, of course not. But capitalism never is, especially these days.
I got the impression he means it the other way around: he has to offer people 50% more than they currently earn to get them to switch jobs from the competition to his company.
it’s not asking for a 50% raise… it’s giving you the opportunity to retain talent and knowledge for the same rate as a competitor has offered
Never take the counter offer though. Take the new gig. If your employer didn’t value you they arent going to suddenly start. They are just buying time to find a replacement.
I’m sure someone will fill the need to tell me of the 1% times it works out but in general it’s almost always better to take the new gig.
Here’s an alternative perspective: if they counter offer, you’re probably still underpaid, so you may want to accept and keep looking for the next few months using the new salary as your new base expectation. But absolutely make sure you’re never going to come back to that org if you leave within a year of accepting the counter offer.
“You’re asking for another raise? We gave you that huge one two years ago”
That huge raise: 1.5%
That
huge raisecost of living adjustment (that doesn’t even make up for wage lost through inflation.)If you’re not going to take the counter offer, why even bring it up? I suppose it would be a message to your old boss that they ought to offer more when seeking your replacement, but they won’t. Maybe you could share the information with the person most likely to be forced into doing all your work under their old title and at their old wage.
I think there are two paths:
I think the line of thinking of intentionally trying to get a counteroffer is that if you get a counter offer you could take it to the new employer and try to get them to match. In a worker’s market that might get you some more money but in a employer’s market your only real choice is to go with the new employer. Does it hurt to ask? Maybe not, but id rather not risk it since at that stage you’ve already informed your boss of the new job offer so if anything goes wrong, your old employer is still going to start looking for a replacement.
Ofc, at the time salary is discussed you are talking with HR so it’s slightly less risk, but they still might have a candidate #2 and #3 on standby.
Yeah, I don’t think it’s unreasonable to ask the new company to beat it by a bit. Tell them you’ll verbally accept if they meet, say, 5-10% above the counter offer or even a one-time sign-on bonus because you’d like a change of pace anyway but want some compensation for taking the risk of making the jump.
They say this but it’s not my experience. Really depends on the company and opportunities.
In my experience being both and employee and employer it’s not usually the best move to stay. You were leaving for a reason. If the reason was not money, then all it’s done is convince you to put up with it for longer. If it was money, it’s just a matter of time till someone offers more, and the company knows that. They will build redundancy and remove you so you don’t disrupt business by surprising them with an exit.
If you’re not making enough there it’s because the company doesn’t want to pay you more or can’t. If a company is paying you more than they would like, they’re not just going to accept that, action will be taken to fill that spot at the desired price point.
Is all this right and moral, of course not. But capitalism never is, especially these days.
I got the impression he means it the other way around: he has to offer people 50% more than they currently earn to get them to switch jobs from the competition to his company.