How big of a salary bump is “too big to turn down?”

I recently started applying to new jobs mostly to find my market value to bring back to my current firm in support of a compensation increase request. I really love my team and have 4 YOE with this firm. I was presented with an offer from a competitor at a 46% increase in salary. Is there any merit in bringing this offer back to my current employer and asking them to match? Or will I just get laughed out of the room?

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46% 😭 why wouldn’t you take that

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Also I know it’s silly but company loyalty? My team is fantastic.

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Should I negotiate without any competing offers?

Company: Walmart Tech Labs
Location: Hoboken
Base: 150k
Bonus: 24k (16%)
RSU: 25k / year for 3 years

Offered TC: 180k
YOE: 3

I initially thought TC was 199k, but it’s actually 180k. Should I say something like “I was expecting 220. Is there anything you can do like a sign on bonus/raise base a bit to help get to 220?” To see if they can bump it up a bit?

I just don’t want to negotiate and get the offer rescinded.

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