How to ask for package revision from employer1 by showing counter offer of employer2

Employer1 surely has the budget to increase, but i am not sure how to put it forward in a positive and professional manner?

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Simply resign and then your manager will ask you if they can do anything to retain you then you can tell the offer you have and see how it goes. I did the same and I know few folks who did this recently. Surprisingly current company matched the offer which is a big deal for service based companies. I know someone from Cognizant where 65% hike given on SA level.

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