If I let my manager know I've found a new position with higher pay, is there any chance I'll be offered the same to stay here? Or anything else to compensate for the difference? I like my job. I don't want to leave but with my wife expecting our third child I can't just dismiss the offer.
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Getting raises for my great job performance was my big downfall......put a price target on my back. So much for the "pay for performance" concept. Don't try to negotiate with your manager....take the other job with more pay and run.
I would pretty much tell you I hate it but congrats and nice to know you. Most people that use that line will leave in 6 months to a year anyways even if the get more $ (50% is the number prior to COVID).
Cisco is the #1 place to work. Why would you leave? You are d-mb. Where else can you "work" and get paid? I have been "working" and literally have finished all my side jobs around the house. It is great here! I just need to remember to move my mouse every few minutes and make sure my status is "Available"!
Why not work BOTH jobs?
My wife and myself are both working from home, with 4 jobs. Two at Cisco.
Living the dream, brother!
Leave asap. They have no idea who you are.
if they offer you more money, it's only because they are going to replace you as soon as they have a qualified resource
Just tell your boss you like your job, that you'd like to stay but that money is tight and that you've been approached by other companies willing to pay you more. If you're a valuable asset to the team, something can be done for you.
What if your other job offer is canceled after you have left Cisco? Man, don't be greedy, just stay at Cisco-the-gravy-train and milk the cow till it's dry.
PS: I work only 1.5hrs per day, sometimes just 30 minutes only. Why would any sane individual leave or even bother to look for a new job. CISCO IS ENOUGH!!!
This was my situation a few years back. I was given a higher offer and sat down and talked to my manager. I was promoted and they matched my offer. The next 6-months was a whirlwind of squeezing all the knowledge out of my head. At the 9-months mark was a major LR. I was a top 5% contributor before the offer and somehow ended up in the bottom 15% after they matched. My take, the minute you talk to your manager you will have a target on your back. The management chain will need to fight to protect you after your discussion.
You went to pursue another job for a reason. Money is very short term fix that does not correct other underlying issues.
If you like your current position, I'm sure you'll like your new position with higher wages.
A higher salary at Cisco puts a target on your back. Accept the external offer!
In my opinion, it's rarely beneficial to leverage an offer with your existing company or manager. If you want to tell them you have accepted another offer and you're giving your 2-week notice, that's the appropriate thing to do. The rest is in your manager's hands. Don't "ask" for more to stay, don't tell them what your current offer is or what else you're getting. if you've got to the point that it's good for you, do it and don't look back. In the off chance that your current manager values you more than you know, s/he can decide on their own if they're willing to do something extraordinary to keep you. They also know the timeline needed to get anything approved. If they come through, make sure whatever they offer you to stay (1) is fully approved and (2) leaves you in a position of as much security or confidence as they can give you. You'd be giving up something that clearly would be a good thing for you, so be very dleiberative and measured with anything they might throw at you last minute. but again, these things rarely play out for your benefit in the long run.
I disagree with the "ask" scenario.
- Makes You a Target.
- All that needs to happen is your current Management team moves on, then you are more of a LR target.
Go. I did something similar (asked for a raise), got promoted; of course then as fate has it my old Management team was LRd six months later, then I was LRd by the much more political new Management nine months after promotion.
Guess I'm not one of the cool kids. Makes NO sense. Bye Cisco.
Doubtful, it’s rare to get a counter offer from your existing group. Raises take too long to get approved in Cisco. All it would be is a promise. They wouldn’t get it done in time. Where I have seen it is in higher pay grades due to the face that they can approve the money easily but G11 and below it’s unlikely
If you are a key contributor or leader within your org, and your work has a direct path to revenue contribution, then sit down (or WebEx) with your current manager and tell him that you have a new opportunity outside the company. If you've not signed anything yet, then let them know the situation and that the opportunity pays more. The worst thing that could happen is that your manager either won't seek your out your request or leadership won't/can't match the equity increase request your manager requests. If you are a contributor who keeps quiet and nobody above your current manager knows who you are, then you're likely to not get any kind of equity adjustment out of the meeting with your current manager.
Grow some. Don't ask for a raise. If they wanted to they would have given it already.
Move on.
You can always come back.
Congratulations on Your Family. Put them first and push.
Why would you even ask such a stupid question? This is very much a case by case basis depending on how good of a employee you are. You're manager may fight to try and get you a raise or they may open the door and watch you walk away. The best thing you can do is grow a pair of ba--s and just ask your manager. You aren't the only employee to have been in your situation. Your manager has probably heard your story before and can only do so much. I'm surprised your wife would even sleep with you being a man who doesn't have confidence.