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It’s rare, but it can happen. I once negotiated a a raise in salary (of about $15k a year) because they wanted me to move to a much more expensive city. No qui
by filmgirlcw 5y ago
It’s rare, but it can happen.
I once negotiated a a raise in salary (of about $15k a year) because they wanted me to move to a much more expensive city. No quitting threats, it was just decided that it was a requirement for me to relocate.
Then, the week I arrived in the new city, I got another $10k raise. It was because we’d just lost another senior employee to a large company and they wanted to preemptively retain me, but it was one of the few “out of nowhere” raises I have ever had.
But in general, it isn’t in a business’s best interest to just offer raises without any negotiation or discussion. If a person isn’t asking for more, why should you offer it? Like, morally, I totally see the argument to do it preemptively, but as a business function I don’t.
It’s true that the best way to get a promotion or a significant raise is to get an offer at a competitor. And that sucks. But, it is also possible to make the argument for a promotion or raise without threatening to quit. I’ve done both over my career and while the competing offer tactic usually works faster, it isn’t a pre-requisite.
The one important thing to note is that if you are going to leverage another offer for a promotion/raise, you need to be prepared to walk if the company says no. If you don’t, you will never have any leverage ever again. So my advice is always to not make idle threats you aren’t willing to back up. I’ve had job offers before for substantially more money but at places I did’t want to work at. I don’t take those offers to my current employer (assuming I still want to work there). Instead, I use that knowledge of my value/worth to leverage get an offer at a place I would leave for OR to craft a better argument when I present my case for promotion/pay raise at my current employer.
- mywittyname 5y ago> But in general, it isn’t in a business’s best interest to just offer raises without any negotiation or discussion. If a person isn’t asking for more, why should you offer it? Like, morally, I totally see the argument to do it preemptively, but as a business function I don’t. It demonstrates that a business values its employees, literally, and this does build good will. Honestly, this is how you keep the better employees, and you're probably keeping them at below-replacement rates, even if yo do give "generous" raises. I have a friend who gets a consistent 4-8% annual raise and he refuses to interview because he likes that reliable growth. Replacing a worker is a dice roll, and if you already have a five, it doesn't really make sense to let them leave for greener pastures in the hopes of scoring a six on the next role. But it definitely doesn't make sense to keep raising pay on take-em-or-leave-em middling employees. Let them keep doing a mediocre, but useful job for a few years until they leave, then hope you role a five or six on their replacement.
- giantg2 5y agoOur merit increases are basically just inflation. Even the years when I filled roles above my grade, it was maybe a real raise of 1-2%. If your friend gets under 5% this year, he might not be so happy...
- denton-scratch 5y ago> So my advice is always to not make idle threats you aren’t willing to back up. Don't draw your revolver until you are ready to use it. This rule is universal - it applies in employment, personal relationships, and gunfights.