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Wow, a CEO who doesnt want to pay people much?
(sopuli.xyz)
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this post was submitted on 29 Jan 2025
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LinkedinLunatics
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it’s not asking for a 50% raise… it’s giving you the opportunity to retain talent and knowledge for the same rate as a competitor has offered
If you're not going to take the counter offer, why even bring it up? I suppose it would be a message to your old boss that they ought to offer more when seeking your replacement, but they won't. Maybe you could share the information with the person most likely to be forced into doing all your work under their old title and at their old wage.
Yeah, I don't think it's unreasonable to ask the new company to beat it by a bit. Tell them you'll verbally accept if they meet, say, 5-10% above the counter offer or even a one-time sign-on bonus because you'd like a change of pace anyway but want some compensation for taking the risk of making the jump.
Here's an alternative perspective: if they counter offer, you're probably still underpaid, so you may want to accept and keep looking for the next few months using the new salary as your new base expectation. But absolutely make sure you're never going to come back to that org if you leave within a year of accepting the counter offer.
I got the impression he means it the other way around: he has to offer people 50% more than they currently earn to get them to switch jobs from the competition to his company.