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I decided to talk to management about my 50% raise offer from a competitor. The flow of the conversation went:
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Was headhunted for a job that offers both career opportunity and financial benefit. I shared the details of the compensation.
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Explained how happy I am in my current role, and how much I appreciated their support and development of my career.
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Said the meeting was not my resignation, but the gravity of my new offer was too much to ignore. Asked if there was anything from them for me to at least consider in my decision, to please let me know before the end of the next day.
The response from management was nothing but positive reaction. The next morning, they had documented with HR a 30% raise, retention bonus, and a nice intangible benefit that helped scratch the itch of the new job’s career offering. I accepted their counter, and am staying put.
After the dust settled, management apologized for indirectly putting me in this situation by not providing compensation more in line with market value. They also thanked me for giving them a shot at retention, and were appreciative of my professional and tactful approach.
All in all, my story seems to have a happy ending. For anyone with a similar dilemma, my lessons learned are this:
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Understand the value you bring to an organization. Value = negotiating power.
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Frame the conversation in terms of mutual understanding. The tone of my meeting probably changes significantly had I communicated sharply in the vein of, “do something for me or I’m out.”
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Don’t be loyal to a company, be loyal to the people within the company. More importantly, look out for yourself first.
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There is more to life than compensation. I gave up a lot of money, but retained decent work life balance, enjoy what i do, and have awesome people around me. It may not always be this good, but living in the now matters.
Good luck to everyone and thanks for all the input!
Submitted August 22, 2021 at 07:43AM by Electrical_Picture38 https://ift.tt/3AWGGcO
