Any advice on what to say when leveraging another offer to get a raise at your current role?

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As a manager, if someone genuinely want to stay but just want a pay bump, I'd much rather them just ask. If I have a budget issue, it gives me time to work it out. If it's a performance issue, it gives you time and clarity to work for it. If there's no issue, I'd say, "Ok!"

There's nothing wrong with interviewing around regularly to look for better work or to know your worth. But as soon as you get a sense of the compensation, we should start talking. If you wait until you already have an offer in hand, it really doesn't give me much time and choice.

I think a common problem is that many bosses don't have these regular performance/compensation conversations with their teams, so it becomes an awkward topic.

As a job seeker, you should also ask about how performance and compensation are regularly evaluated. That way, you'll k ow if you'll have to revisit the awkwardness in a couple of years.

Anyway, assuming the offer is for a position doing the same work and you prefer to stay, you can let your boss know that someone reached out and has given you an offer doing the same work but with higher pay. Let her/him know you'd much rather stay (and why) and are more than happy to work out a plan to make it happen if needed. Some companies have strict guidance on when increases and promotions are given. Maybe there're budget reasons or problems with your performance.

The thing is, unless you know your boss and/or company or HR culture well and are confident in how much they value you, if you go in with an offer letter, they may say no and you need to be ready to quit and take the offer.

Honestly though, if they don't value you, you should move on.

I hope it works out for you!

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Hot-mess brief is the real pandemic. 😄

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Unless taking the offered role is a serious option, I'd be careful.

Some managers' philosophy on this is 'let 'em go.' Their perspective, backed by data, is that employees who are given a raise in this scenario generally leave the company shortly after anyways.

Knowing that, you may want to incorporate a few things into your request...

-did you pursue this opportunity or did they pursue you? If you were out looking, why?

-how can your employer be assured you're not going to be one of the statistics that leaves soon even after receiving the raise?

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