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Dinner compensation allocation by firm
Compared to facilities which company (Samsung and Intel) provides best facilities? I know Intel has lot of benifits like free cab, child day care reimbursement, telephone bill reimbursement, 15% discount on shares purchase, very good leave structure, Free UDEMY for developing skills, Intel wiki for lot of knowledge gathering etc... Any idea about samsung? Intel Corporation Samsung
Anyone else barely make it through Q1? 😅
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Did the rival firm reach out to you or do you apply for a role with them? If they reached out to you, then read below. If you applied for a role with them, you will have to think about why you applied to begin with. Was it only about the money, or something else.
Leveraging an outside offer is a delicate process. First, ensure you are genuinely willing to leave, as there is a risk your current company will decline to match the offer. Frame the conversation positively, expressing your desire to stay while sharing the competing offer details clearly.
1. Prepare and Evaluate
Before speaking with your manager, think carefully about what you want.
The Reality Check: Are you prepared to take the new role if your employer declines the raise or calls your bluff?
Long-Term Impact: Consider your long-term career goals. it is crucial to weigh growth potential and management support over short-term compensation bumps.
Gather Your Data: Write down your recent accomplishments, quantifiable value, and a salary target.
2. Schedule the Conversation
Set up a private meeting with your manager. Rather than framing it as an ultimatum, treat your manager as a partner in solving a compensation gap.
Highlight Your Love for the Role: Start by expressing how much you value your team, your current projects, and the company.
State the Situation: Let them know you were approached by an outside company (or received an unsolicited offer) and have been presented with a higher compensation package.
Pivot to Staying: Emphasize that you would prefer to stay at your current company if a path forward on compensation can be found.
3. Handle the Counteroffer
Let your boss fill the silence once you’ve laid out the details.
Avoid Self-Negotiation: don’t back down or negotiate against yourself out of a desire to keep the peace.
Be Specific: If they ask what it would take for you to stay, provide a concrete figure (typically 10-15% higher than your current pay).
Discuss the Full Package: If they cannot match the base salary, consider negotiating for additional benefits like more Paid Time Off (PTO), remote-work days, or a clear promotion timeline.
4. Finalize Your Decision
Once your company responds, weigh the new package against your outside offer and make your final choice. If you stay, get the new terms in writing immediately. If you leave, do so gracefully.