4 ms·

So this guy goes on to repeat the cycle on his new employee. Me personally, I am a fan of the golden handcuffs approach to a limited pool of talent. It allows

by kls 11y ago

So this guy goes on to repeat the cycle on his new employee. Me personally, I am a fan of the golden handcuffs approach to a limited pool of talent. It allows a company to focus more on critical business efforts and less on internal profits via penny pinching, wasting business cycles on needless spends of time and energy. Optimizing every last dollar, over chasing revenue, is best left to companies that are stagnant or in decline. The problem is, with that employee that would never ask for a raise, is that once he decides he wants more money, mentally he will already be out of your company. Those are the kind that don't look back. When he looks he will be serious about leaving.

charlesdm 11y ago
This sounds like a guy making idle threats. "I have an offer for $X !!!!!!" - but it doesn't really seem he's interested in leaving. Honestly, for 5 years of raises, he didn't negotiate well. If he negotiated more aggressively, he probably could've gotten up to 200k at this point, since he was promoted to be one of the key technical people. One key thing he didn't do was negotiate the new job offer well. If they offer you $75k at a new job, you need to push them up to 85k-90k. Once you have that, you go to your current boss and negotiate it up to $100-115k. By not countering, he lost one of the major advantages of finding a secondary offer. Yes, it's better than not having something to fall back on, but he left 50% (or more) on the table. It's like asking for a discount, and getting 2%. That's ridiculous. If they're willing to give you 2%, they can give you 10-20% as well.