2020 having "The Talk" with my manager
"I have to tell you I’ve received another offer, but my preference is to stay here. How do you see my career playing out in this role, and what should I do from here? It’s not one or the other, but I wanted to make you aware out of respect. It’s not personal; it’s business." YOE: 1.5 Front end Current TC: $70🥜 New TC: $105🍄 I want to take a second to thank the Blind community for opening my eyes. I was once blind, now I can see 👁👄👁. I've learned so much ever since I discovered this platform, thank you all again. The chase for higher TC must continue ... for now I'm focusing on growth and impact. Time to celebrate and reflect this win #2020🎉🥂🍾
Don’t try to stick it to your manager. Don’t try to leverage another offer to get a raise at your current position. Tell him upfront you’ve enjoyed your time there and appreciate his mentorship but you’ve decided to join another company to take on a different challenge. Don’t tell him what company you’re going to or how much more they’re paying you.
I dunno, especially earlier in your career it can be really beneficial to up your TC. OP is at a point where they have a lot of room to grow in their TC. Higher TC will enable them to do things like buy a house, save for things, etc. That financial well-being does increase life satisfaction IMO.
I know ... but the opportunity to level up and diversify my experience with higher tc ... makes the most sense today. I'm going in with the mindset; "I'm accountable for my development, I need to invest in myself"
I was in a similar position. I liked my job, but was aware that I wasn't making as much as the company would pay. I laid it out for my boss, "I'm growing a ton, I appreciate the sponsorship and exposure to execs and impactful projects, and we both know our company pays %x below the market. With that in mind, how should I start a conversation about being competitively paid *here*? [So I acknowledged they may not pay market, but what can we do to get me closer to the high end of the pay range] The options I see are a) let's have a conversation with HR about it right now and see what they can do, b) I'll fish around on the job market for an offer to give you ammunition to pitch for a raise, but c) the offer might be good enough that after I've put in all that effort I might have to take it." 4 weeks later my base increased from $150 to $164, my TC from $185 to $230. And I won't be looking anytime soon. And I know I could be paid a lot more. I was making $380 at my previous company and got caught up in pre-acquisition layoffs. But for now, I'm ok with where I'm at.
Popcorn
Take the offer. If you are in Engineering, the total comp early in your career will add up long term. If you are a good engineer and really don't enjoy the new company you will be able to interview and find a new place within a few months of going fishing.
Why should you prefer to stay there?
Don’t stay somewhere where you are grossly underpaid. Take the other job.
UPDATE: Current company matched the offer with a promotion and adding some extras(2 WFH, certifications sponsorship). I wasn't expecting them to match, my manager doesn't really want me to go and is promising plans for growth. My coach says to take the counter offer since it will reflect on my resume with promotion and more years with the same company. Anyone has experienced similar situation? Did you stay? What was that experience like?
1) good for you 2) research indicates 50%-80% of folks who accept a counter offer leave within 6 months due to promises not kept 3) good luck
Thanks for you input! I heard something similar... either way it looks like I shall continue LCing🙃
Just resign. The difference is too big.
So just walk in with resignation letter in hand!? ... is that more expected?
Just ask for a one on one meeting and give him the letter. Ezpz