TC 240k. Not with Dell now. I resigned today in my current company but my director gave me the option to stay and he match my new offer which is 35% higher than current TC. I like my current team a lot. Any pitfall if I decide to stay. Many folks say I might be at the top in next layoffs. But I think my work is crucial enough that they wont layoff me. What do folks here suggest?
I think the usual thought is that if you’re looking to leave a job for specific reasons ie. Wlb, culture, manager then those problems don’t go away because of a counter offer. That being said, sounds like your reason for resigning is purely TC. I would say the only pitfall in this case is that you might be over budget and this is a short term solution for them. If you’re confident this isn’t the case then I’d say stay
Correct. Everything is awesome like wlb team boss work all. Just that now i have 35% more TC. I am inclined to stay with bumped TC. What if I ask the director that - will I have increased chances of layoffs in future if I stay ?
They will obviously say that your position will be safe. If they offered you a bump in TC it means that they want you to stay, for now ie.
What prompted you too look outside in the first place?
Higher TC prompted
Stay, but tell the other firm it’s for family reason. In case anything happens to you in current firm, contact them immediately.
this is a good idea
Good idea since there's stories on Google all over. Someone rejects their offer for the counter offer and their salary raise never comes.
Conventional wisdom says to never accept a counter offer. Conventional wisdom is wrong.
What do you mean please explain?
If the TC hike solves your problem, then you should stay.
You will get kicked out in next round. Right now you might be needed to get the work done but the moment it's done, you will be a burden and might get kicked out. Don't forget next year (winter) is coming!
You know the culture of your team better than we do. If you truly think that they won't screw you over, then stay if the only reason you wanted to leave was for TC.
This is a lesson which my first manager taught my mentor the hard way and it’s almost true in all the cases. You resign and they make a counter offer and you stay. They hire someone saying you need help and slowly once he is up to speed, you are let go because they know already that you are in market and have your one foot out of the building. So, once you decide; never ever accept a counter offer. Now, take that new offer and ask for more in your new company saying your current company is matching and you need to be tempted to accept the new offer. Again, how you deal is up to you.
Has anyone had success with this? Negotiating an offer with a counter offer?
Are you visa? If not stay and gain experience and growth in your current role. Otherwise, just stay if you are happy. Let’s worry about layoffs when they happen and in a few months you can use your new high salary to negotiate a higher salary. It would be harder if you move now.
There’s a common wisdom to never accept a counter offer.
No there isn't. Done that and succeeded after that
Ok.