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Rising Star
I would look at whatever number they give me and then say "thank you" because I am an absolutely terrible negotiator.
I used to do that and then I gained some confidence in countering.
I got a promo which came with a bump but I talked to my manager and told her that was still below market. I had some data points - told her I really like the team and don’t want to leave but I need to consider my financial health (I’m in a super expensive Geo).
She told me she would work on it and like a month later she calls me and tells me they are bumping my comp 25k.
I think if you come from a humble place and just lay the situation on the table most managers are amenable to taking about comp. Good management doesn’t want to lose people.
Outside offer usually the most successful way, but will probably not be appreciated unless you are well loved, so remember that
Come prepared with something to quantify what you're worth (an outside offer, a $$ or % number to show what you've accomplished, etc.). This makes your case much more solid and improves your odds of getting a yes. GL