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Just know you now have a target on your back. Leverage can work both ways.
It could be true about loyalty, but I’ve never seen that. We all know that if you’re good, the market pays what it pays. And people want to get paid. So it’s hard to blame people who get offers.
If you’re in a place in life where $20k will change your situation, you can go to your boss and say you got a call, they offered you a lot more but you don’t want to go other than the money, which would make a big difference in your life. See if they can make that decision easier.
But you can’t pull that more than once. And it’s entirely possible that right now they will be unable to match. In that case, maybe they can promise it during the next review cycle. Or maybe not. And you have to decide if you can risk whether they will do it.
So you can try it. But be prepared that it might not happen and you’ll have to leave.
I will always always always take better WLB and better pay over “sexy work.”
Agreed, I’ll do the same every few years to keep my work interesting for future prospects.
FWIW I did this (got an offer and then took the counter) before Covid and surprise... I was on the original list of COVID layoffs - I ended up being saved but clearly I could tell with the group I was in, the only reason I was considered was because I had threatened to leave previously. While I dont regret it (I ended up leaving years later anyway), this is 100% a possibility.
Never ask for or take a counteroffer. 90% of the time, it doesn't work out well. You'll either feel like you have to put up with more because they matched it or they will feel like you need to do more to prove you are still a "team player."
I like to think about it this way:
At a certain point in your career, your network is going to be the most valuable thing you have. So it’s more of a question of deepening your current, smaller network, or building a boarder one.