They say that the best time to look for a new job is while you are working your current job. An employment search that is conducted while you have a regular paycheck rolling in is much more relaxing than it would be if you were out of work. Plus, jobseekers who are employed are less likely to be desperate for a job, any job. Having this “time on your side” attitude gives you the space to weigh the pros and cons of a new offer closely.
There may be an additional benefit to being gainfully employed during a job search: when a new job offer comes in, you may be able to leverage it to get what you want from your current role. A new job title, a higher salary, or other perks may be more easily negotiated once you have a new job offer in hand if you play your hand right.
Below, we have gathered tips and advice on what to do (and what to avoid) when you are hoping to use a rival job offer to make strides in your current role. Using these tactics will only be successful if you are an employee in good standing, with some degree of certainty that your employer would be open to negotiating in order to keep you.
Always tread carefully when using a rival job offer to negotiate with your current employer, but don’t skip the opportunity. At the end of the day, the worst your current employer can say is no.
Before Negotiating, Weigh the Dangers and Benefits
Always consider the risks associated with leveraging a rival job offer to get a raise or promotion before you start the conversation. After all, you are putting your current employer’s feet to the fire and you can’t be sure where the chips will fall. There is no bluffing allowed when you are trying to use an employment offer to secure a raise or a promotion. You could get shown the door so you have to be prepared to walk through it. To have an effective conversation, you have to be sure that you are ready to pack up your desk if your company doesn’t meet your demands.
Consider that whether or not to give you a pay raise or a promotion might not even be in your manager’s control. After all, there could be unseen factors that determine whether your request will be granted, such as budgetary limits that you aren’t privy to. That said, the benefits might outweigh the risks. If you are indispensable to the company, you’re in a position of power. If your company doesn’t want to lose you, it’ll often work with you to try and find some way to give you what you want.
7 Dos and Don’ts for Leveraging a Job Offer:
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