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Hi OP.
(1) First get an excellent offer - meaning - one that pays you what you expect AND is a good profile that you’d be happy to take on. This is your leverage; without this we’re simply speculating. That’s not how it works.
(2) Once you have the offer, have an open conversation with your employer about expectations (pay, grade, responsibilities etc.) and timelines.
(3) If you’re highly valued/ indispensable they may counter offer (& May even offer to promote you). However, I highly doubt they will promote you off cycle unless there are precedents in your firm. If not, you will already have secured another great offer and should be ready to leave.
My overall recommendation would be to take the new offer and walk. Why? You will be identified as a flight risk / have a target on your back. And as you can imagine, it’s not a good position to be in.
All the best 👊
Appreciate the feedback
Rising Star
Never seen this happening at any big size firm. Promotions will always come at designated time. How else will the partners spin it to other employees...
If your firm is super small (under 50 staff) this might work. Otherwise no chance as M1 explains. If you get a great offer and they value you highly then they may match the cash with a one-off payment until your promotion cycle.
C1 is not correct in saying you have a target on your back if you do this, it’s normal. It is true that once people get comfortable with the idea of leaving, they usually do so.
.... I'm hoping they will counter offer me to match what the other company will offer and promote me out of normal promotion cycle.
I'm already doing the role of the next grade.
Do you think they would ask for proof of offer from another company?
Many thanks fish