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No. If you have to work that hard for the raise, you might as well just leave anyway for a better offer.
Yes, but it was because my boss expressly told me it was the only way she could get me a raise and promo due to a global freeze. Worked! Stayed another 2 years
It only works if your current employer truly needs you.
And I still ended up leaving after 10 months. Money didn't fix the underlying issues and concerns I expressed for years leading up to my departure.
Yes. Did this many times over the years and in the end, I realized that once you are done, you are done.
Over the years, I’ve advised my boss to turn these down (ignored me). Always, always, always the person ends up leaving 6 months later anyway (as I predicted) or demands another promotion.
Then, when I became the boss, I turned them down flatly every time. Never regretted it, and usually after one person pulls it and fails the others never do.
I pulled it off once in the past. It’s really the only way to make a large salary adjustment when your agency is run by a large corporate parent. However, it’s no guarantee, so only do it if you’re fully prepared to jump ship and accept the new offer if you don’t get the counter you need.
Doing that right now, will keep you posted
Why would you even need to actually interview to do that? You can literally just lie and say you did.
Because at many places, having a counter for leverage is the only way to get that raise.
My situation: really enjoy everything about my job, my boss rocks, work is challenging, engaging, etc....just underpaid by probably 30-35%. I brought up my pay a while ago and they said they’re working on it but I work for one of the big holding companies that has all the red tape and bureaucracy. And I think having an offer would get me a higher salary then what they’d get for me otherwise.
I’m really sorry to tell you: there’s a serious chance it won’t.
Go get the new job and leave on great terms. Come back to your boss in 18 months
Yes. Was offered two titles up and almost double the money in another city. I got a title bump and huge raise and styled put in the city I preferred. Win win.
Important caveat: if I didn’t get the counter offer, I was 100% ready to take the new job and move cities.
Accepting counter offers almost never end well. I say if you have to do it, only do it once in your career, late into your career, when you can eek out a MUCH higher title and salary bump giving your career a huge tailwind.
I won’t counter unless desperate to keep you, and even then know you’ll be gone in 6 months because a counter is a short term band aid to your bigger issue. 95% of the time I won’t counter based on principle. When word gets out you were countered (and it always does) it pisses off everyone else. Nah.
Sounds like you have a serious problem with your culture.