Should you tell your Boss about a Job Offer?

You’ve got another Job offer. Should you tell your  Boss?

(Some perspectives shared, are based on research published by Wall Street Journal)

Employer – employee relations have been recalibrated during pandemic.

You’ve a tempting, but not Perfect, Job offer.

Should you bring it to your Boss?

A potential Job offer can be powerful negotiation
position, ending with your Asks: promotion, more money, more remote working, more vacation, Work from Anywhere. If you don’t ask, you don’t get.

Could be a great moment of Leverage.

An outside offer can be a  “nuclear option”, when it comes to getting a raise. Rival offer can come as wake-up call.

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On the other hand, if you’re keen on staying in  a job, think hard, about what you’re Not getting in your current role.  Bigger Title, Global Team, higher salary, bigger Bonus?

Remember, the worst case scenario isn’t that great. So minimize the risk of going wrong.

MpHow indispensable are you to the Company. People often over-
estimate this.

A possible  benchmark to use, is when the outside offer is above 80%  of your Dream Job.

Does your Boss have the authority to take a call, or will it go to the next level?

A word of Caution. All requests come with risks. Your employer
may call your bluff.

Evaluate all outcomes and be prepared to leave.

Your Company may not be able to match your salary.

Some pay disparities will exist, for those who have climbed the ladder internally, as opposed to direct recruits.

Many employers will view it as a betrayal.

How to broach the conversation and make a decision.

If you really want to stay on, there, are different ways to go about telling your Boss how much you like working there.

Like dating, show interest in  remaining in the relationship.

To do a reality check, you may mention your salary to colleagues. It would give you a side eye on what others are making.

If say, there is a 20% gap, you could mention you want you stay, but would like to get paid at par with others

Signal you’re  conflicted. Express that a Recruiter reached out, and you were surprised at the generous offer.

Use your power of persuasion discreetly.

Ask for in-person meeting with your Boss.

In-person is 34 times more effective than email or phone.

4 Tips to put your Leverage to Work

Have a Rationale – state the reasons with clarity.

Keep it Simple. You Boss may lack the authority to decide. So keep the pitch compelling and precise.Pay attention to Timing. Ask for raise, 6 months after Annual Review.

Pay attention to Timing. Ask for raise, 6 months after Annual Review.

 See the Bigger Picture. Look at the negotiations, as a chance to get to know the Other Company, as well as higher-ups in your own Company.

Think of the experience as a networking  opportunity, to improve your prospects and build relationships.

Would love to hear your views in the above.