I think that's the only way to get a pay rise nowadays, aside from small yearly raises like 2-3%
If you don't have another offer and aren't willing to walk away, you really have no leverage to ask for more money.
I think that's the only way to get a pay rise nowadays, aside from small yearly raises like 2-3%
If you don't have another offer and aren't willing to walk away, you really have no leverage to ask for more money.
The way to do it is to look for another job and then just take that opportunity or aim for a promotion/pay-raise/departmental-shift like everyone else.
If they're paying you so low that you must have a thick raise, it is probably better to go elsewhere.
"Hey, Tom. ZipCo offered me a great position with a AB% raise. I really like the new role, but I'd prefer to stay here if we can make it work. What can we do to bridge the gap? Oh, by the way, they'd like an answer by Friday, but I'm sure I can put them off for another week."
That makes it clear that you have an offer, but would stay if the current company can match or exceed it without being too "in your face" about it. It's just business, most managers are not going to take it personally.
In reality, in a company of hundreds of people, that just isn't going to go smooth. Firstly because raises are performed in lock-step with annual performance reviews. Asking for a raise outside of the annual performance review time window really puts stress on the boss and casts the employee into a prima-donna.
Much better to have a frank discussion about salary if it is a problem and maintain an authentic dialog with the boss about career progression. If that isn't possible then jump ship, because it's only a matter of time before you're obsolete. The best way to keep oneself in "top-condition" as far as salary is to regularly interview and talk with potential employers and keep the professional network maintained. This way you know what you're worth and you can consider other opportunities on a regular basis in a way that is under your control.
Pulling a stunt where you force an employer to give you an "emergency" raise on your timetable might work once and for a short time at the expense of permanently damaging trust.
> because raises are performed in lock-step with annual performance reviews. Asking for a raise outside of the annual performance review time window really puts stress on the boss
so I used to think this was how things were done at my last job (mid-size ~150-200 employee company), this was the impression they liked to put out, but the reality was they would go out of their way to retain/raise people if they deserved it or were going to lose the employee (some people took advantage of this situation).
Personally, I'm not a fan of these (as you put it) "prima-donna" games unless I really think something is deserved/owed[1], luckily for everybody I was happy with my annual boosts so never did try them.
[1] I was once promoted outside of the annual cycle without asking
edit: shuffle things around
If a valued employee came to me showing that he or she had received a large raise from another company and they really don't want to go but don't see how they can turn down the money, rather than resenting them I'd wonder (1) why were we underpaying a great employee at all? (2) why did we create a culture where they felt like they couldn't discuss this without another offer in hand?
Also: Let's say you use this tactic to strongarm the current employer into giving you a raise. But that won't make you happy. You looked for a different job because this one did not fulfill you -- and most of the time, the dissatisfaction is not money related.
If you aren't happy with the current gig, leave. If you like your job but feel you deserve more money, help the current employer recognize that and respond to it.
Better to just get out.
Why did the company not pay you that to begin with? Why are they countering now, only after you got the new number? Do you really want to work for a company that undervalues you?
The answer might be "yes I love the tech and the mission so this lever is just what I needed" but I think you'll also find the underlying questions problematic.