Received an offer from a competing firm with approx. +35% increase in salary. Would receive almost the same salary when I get promoted which would probably occur end of Q2 2023. Would like to stay at my current firm but also not particularly keen on waiting +6 months for that raise… Therefore, I’m contemplating if I could leverage the offer to get promoted end of year instead - would that cause “bad blood” if they say ‘No’ and I’m still working there? Any of you that have similar experiences?

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Bird in hand is always better than the one in bush. If recession gets worse, your promotion chances will be almost nil next year

likesmart

You can't know for sure your salary promo increase, what if your firm must focus on profit next year and it turns out to be much lower than what you expect, like 20%? Leave, get the experience and come back.

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Thank you for the response and what you are saying makes sense. However, I really like the people, culture etc. at Cap so I would really like to stay. So, how do you think they would view me if they tell me that they can’t guarantee an increase / promotion anytime soon but I still decide to stay?

Depends on your existing network and how long you’ve been there too. In general bird in hand for me

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Leave and boomerang back if you hate it. The. You get a 35% + 20% if you come back

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Capgemini Invent and one of the Nordic countries, if that makes a difference:)

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Not sure what you mean by - doesn’t matter when the promotion goes through - as i I would earn more during a six-month period?

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You only ever talk about leaving if you are ready to leave. Otherwise, and as much as people say it ain’t so, your dependability comes into question. You’re perceived as a flight risk and when it does come time for the next big role or the next promo, you’re likely to take a hit vs. had you not talked about leaving.
So, if it’s the money you’re after - make the jump. Know that the increase comes at a risk - just as staying does. When the downturn hits in earnest, will the other company be in a position to keep you on or could you lose your job? Will your current company promote you or push things out another year?
Only you can answer these and decide which way the scales tilt in your favor.

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