Question

Hello everyone!  I'm in a situation today that I haven't been in before and I'm looking for some input.Hello everyone! I'm in a situation today that I haven't been in before and I'm looking for some input. Right now I work for a smaller plumbing supply house. I was recently reached out to by another supplier but not for plumbing. The new company is worldwide, has their own stock and their offer is $20/hour compared to the $17 I am making now. Has anyone used another job offer as leverage for a raise with your current company? Thanks for the input in advance! Edit: the position is the same thing.  

Answer 1

Yes, sometimes it's a white lie. I basically tell them I don't want to leave but the other job is offering better pay and if they can beat it I'll stay.  

Answer 2

I personally wouldnt use it as a tactic to try to get more money. I would just let them know that you have been offered this and you are seriously considering it. if they have the extra money they may try to give you extra. but it starts to set a trend that most companies dont want.  

Answer 3

Tell them why you're worth it. If they don't go for it just part on good terms and take the other job. If you show that that you're even looking at other places they'll give you the raise while they try to fill your position with someone cheaper.  

Answer 4

Also some important information I accidentally left out. I just had my first kid, so money is even more important to me now.  

Answer 5

You can try, anybody that comes to me with a competing offer that they want to take is encouraged to take it. I pay people what their production indicates to me they've earned, if somebody else thinks they can get more out of them they should take the opportunity. I guess the question I'd ask myself about staying at the old gig if they match is if they admit that they were underpaying you by almost 20%, do you want to keep working for those guys?  

Answer 6

From an employer standpoint: 100% you should bring them the offer. Reiterate your desire to stay with the company and your loyalty to the company and then point out all the work you do for the company and how you’re clearly valued in the market above what you’re being paid now. Ask them what they can do for you. If they don’t match it, be prepared to walk (most companies assume you will if they can’t match and will start treating you in that manner). NEVER say you need more money now bc your personal circumstances have changed - that has nothing to do with your value to a company nor should it and makes it sound like you feel entitled to certain things rather than having earned them.  

Comments

Thank you Juliann, I would much rather stay at the company I am with currently for sure. My resume was listed online, and I was not even looking around just got reached out to. Good point about the mentioning about money because of personal circumstances, I did not look at it that way.  

Answer 7

Small businesses can't always afford to compete with larger companies with pay.  

Comments

Becky, I understand that. I'm not talking about a mom and pop shop I work at, more of a 300-500 million in sales a year company

Answer 8

Be prepared for your current employer to say, "good luck and good-bye. " Are you really holding a definite offer written on paper? Are you really sure you would take the other job?  

Comments

I have an offer on paper, and am willing to leave the company if it comes to it.  

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@vidette any difference in insurance, vacation, commute, overtime.  

Answer 9

Economics 101- people who change jobs for more pay tend to make more than those who stay at one company. If you like the smaller place, negotiate. If you want more opportunity to move up, move on.  

Answer 10

Just turn in your notice and be transparent. It’s up to them then if they want to try to keep you or not. My current company would never try to keep you.  

Answer 11

As a talent acquisition professional I would advice not to use the higher hourly rate to get a raise. If you have been with the company for a while and want a raise, have an open conversation with the manager and explain why you deserve more. If they will not give you more then perhaps explore the other options with the other company. However, bringing up this other potential offer in the rate conversation might leave the manager with the impression you are looking to leave regardless, which is never a good situation to be in. Hope that helps.