How to negotiate a better base
Hello.. I have spent a bit more than one year at yahoo. I like the work and I am learning a lot . However , I come with 5 years of experience in India after which I completed my masters and then joined yahoo at IC2. I feel I have the capability to lead and it's quite visible through my work. But I feel underpaid and sometimes frustrated ... I have the option of leaving the company and interviewing for higher positions. Should I go ahead with this plan, get the offer and then negotiate with my manager ? Is the manager or VP the right person to talk to ? Do you think they can bump up my role and compensation to match the offer if they feel I am valuable? I would appreciate any suggestions or similar experience that can be helpful to me . Thanks !
Y do you think it can leave bad blood ? I know it is possible..but the money is not coming from manager's pocket...they just need to approve if they find me worthy
They'll always remember that you wanted to leave the company
Taking the counter from current company definitely does harm to your upward trajectory there. Might be exceptions to the rule but this almost always happens.
You are better off going to your management now with your concerns. Having another offer comes off more as a threat to leave than an open discussion. You'll need to understand your market value and the value that you deliver to the company. Your company should be willing to pay the lesser of the two, if they agree with your assessment.
Switch to another company, you can come back in a few years if you really want. Taking a counter offer is usually a bad idea as others say
Start interviewing and see how good your offers are. Move if the role and compensation is better. Come back to your company after some years if you still feel the same
Coming back seems less probable now once I leave. I will start interviewing and most probably leave. I had already shared my concerns with manager but I don't think anything is going to happen in my favor.
Now, you have already done what you can. So start interviewing and leave
Yup! Thanks :)
My manager said if you have better offer please go for it. Yahoo can increase max 15% (there won’t be any RSUs) in the next cycle. Do you need 15% increase ?
I don't think I would be happy..but thanks for the info..this is very helpful
From my experience in the industry, having a second option which you are willing to take does give you leverage. However, it cannot be used to bump your base, it can be used to get a promo or some stock. I would go with the plan of finding another option and letting you manager know how desired you are and try squeeze out a promotion. If it does not happen at least you know what the future has for you at yahoo.
In my experiences, having an offer in hand is the best way to get your current employer to significantly bump your base. However, it's unfortunate that employers require other employers to define your worth. That said, I would almost never take the counter offer from the original company. It can leave bad blood between you and your employer. Instead, I would take the counter and negotiate a higher base with the new company. However, remember to not be greedy. Pigs get fat, but hogs get slaughtered.