3 ms·
This is less a direct question and more of a discussion: I always thought it was considered a bad move to stick with your old company after receiving a competin
by opportune 8y ago
This is less a direct question and more of a discussion: I always thought it was considered a bad move to stick with your old company after receiving a competing offer and negotiating a higher wage at your old company. Conventional wisdom I've read is that your old company will slowly phase you out (thus missing out on promotions/raises).
Have other people been so successful using an offer for a raise at your original employer and staying?
- mercutio2 8y agoI have never retaliated against employees who gave me competing offers; some times I haven't been able to meet them and they left, but every time I did meet them, people stayed. The people who stayed basically pulled forward a stock grant that was coming anyway, and increased this year's raise while decreasing it a fair bit for the next two years. I've always been explicit that this is what's happening; the area under the income curve does end up larger, but not by a large amount. Of course the option value of having a grant vs. hoping for a grant is worth something, too. DVassallo's $160k bump across one year's W2 is much larger than I've ever seen granted.
- DVassallo 8y agoAt big companies I don't think that happens. Everyone understands that everybody is there for a temporary period. In my case, I think only about 3 people knew about this, and I believe they genuinely wanted me to stay.
- opportune 8y agoThis is really good information to know, thanks.