Using a new offer to get a raise/promotion
So long story short, I have received a job offer from a company that could be considered a competitor, though not a direct competitor. I’m in the process of negotiating the details and compensation right now, but I’d be willing to stay at my current company in exchange for a solid raise and a promotion. The new offer will be a material raise in salary, but the other benefits aren’t as strong.
I’m fairly comfortable in my current role with slightly better than ok pay and great benefits, but am in lower on the totem pole ranking/title wise, and consequently underpaid, vs my peers because I started lower in the pay band even though I provide a similar level of value. Which obviously frusturates me and my bosses basically tell me to go pound sand when I bring it up. Working my favor currently is that we’re short staffed, having trouble with retention, and I’m one of the most senior guys on my team, so I’d imagine they would want to keep me.
Anybody have any experience with this? Things to do, to not do?
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