IMO, leaving may not be so great for your rep. If they value you enough to have granted you the raise at the cost of losing you in the first place, leaving immediately after having received said raise would probably not go over too well. However, if your relationship is already strained or stale, then might as well go somewhere else if you think you'd be happier.

People demand freedom of speech as a compensation for freedom of thought which they seldom use.
 

Seconding this advice. If bridges are already burnt, take the money and run, but if your relationship with the current employer is important you should tread carefully.

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."
 

No one can make the decision for you. But it looks like the community has given you a framework for thinking about this decision.

Staying at your current has an opportunity cost (the value you would get from your new job) Moving to your new job has an opportunity cost (the value you get from your current job) plus a "burnt bridges" cost

If, in your own subjective assessment of the situation, the benefits of going to the new job outweigh the benefits of staying put and maintaining your current relationship with your existing employer, then you should move.

In other words, if the new offer is a really kick ass dream job, go for it. Otherwise, it may be better to stay put and wait for the right opportunity.

Wall Street leaders now understand that they made a mistake, one born of their innocent and trusting nature. They trusted ordinary Americans to behave more responsibly than they themselves ever would, and these ordinary Americans betrayed their trust.
 
Best Response

I have a rule of only going out and getting another job offer every 18 months after getting a raise that I feel fairly reflects my market value to prevent problems like this.

Leave or don't mention the offer.

If you leave, I don't think you'll burn down too many bridges. 25-30 years ago people would have questioned how loyal you are as an individual, but giving you a raise is 1/10th the work and political capital for a hiring manager than bringing in someone new and having them leave 18 months later.

Had the manager been smart, he'd have looked at your total comp relative to what other folks with your background were making. Maybe he did, realized he couldn't pay you market, and instead gave you the raise you asked for. I think some managers would admit this situation is their fault too.

 

Contrary view: You already screwed up by 'leveraging' your job offer to get a raise. Next time you want more money, point out your outstanding work and earn it. If your company won't reward high performance, feel free to leave.

 
yeahright:

No one has asked but how long have you been there?? Lots of assumptions being made.

You have a point.

I'm operating under the assumption that OP has at least 18, more like 24 months of experience. I think 70% of what I've said applies regardless of how long he has worked there, but if he had worked there six months, that changes a few of my points. But I'm sticking by "Leave or stay quiet- don't ask for another raise this soon" regardless of his tenure.

I'd also like to get a sense of the offer away.

Many positions open for a reason. People who work for nice managers on nice teams with low-stress jobs earning good money tend to stay where they are. And we tend to discount the things that we have- or that we've never gone without.

My first manager was a pretty chill guy with a decade of experience as a manager and two decades as a coder. My second manager was one of the best coders I've ever met, but sometimes he could be a little intense (natural for the trading floor.) And for someone like me, that sometimes made my job a little more work.

I wasn't fully aware that there were differences in teams or management styles, and that the risk merited a premium if you were reasonably happy where you were. I don't regret making the switch for a second, but I could have approached my second job a little better had I known this.

If they're offering you a 100% raise for a similar job, don't walk- run. If they're offering you a 10-20% raise, and you like your team, maybe it's worth it to stay for now.

I'd like to think that if I'm reasonably happy with my group, and someone came along and offered me 20% more away, and he wasn't a former boss or coworker, I'd probably say no. The answer might change for 30% and a few references or if the team had someone I'd worked with, but for 20% the answer is probably not.

Either way, most people would say that OP has a high quality problem. The very worst case for him is that things stay the way they are. He can either keep his current job with his new raise, or he can walk for even more money. I'd say he should count himself as blessed.

 

Coming up on 18 months. It's likely about a 20% bump. I'm pretty set on just leaving, but am preparing for the worst in the confrontation with the boss. I'm assuming the 2 week notice won't be honored.

 

Hey, at least having a current job and an offer from someone else is a good problem to have! Others would kill for this situation. 18 months on the job? Agree with Illini - your first raise is still fresh in their minds & will likely aggravate your boss. I would leave or stay quiet. A 20% raise is still borderline for me - how happy do you think you would you be at the new place or is this a large unknown?

All the world's indeed a stage, And we are merely players, Performers and portrayers, Each another's audience, Outside the gilded cage - Limelight (1981)
 
Red Barchetta:
A 20% raise is still borderline for me - how happy do you think you would you be at the new place or is this a large unknown?
I think the real question is how happy would he be relative to his current job?

Bear in mind:

-There's a lot to be said for work life balance, and going from a 60 hour/week job to an 80 hour/week job normally merits more than a 35% raise for most people (marginal value of their time goes up). -The grass is always greener on the other side.

But if you currently dislike your job and the new job is offering 20% more pay for fewer hours and they seem like nice people (to be fair, if this will be your first, second, or even third job, it's hard to figure that out), it's hard to say no.

I think you'll temporarily be raising a bridge if you leave, but I don't think you'll truly be burning anything down at least for the fact that you're leaving for a better offer 3 months after getting a raise. Irony of ironies, a 50% raise would be more understandable here.

 

I have been in a similar situation before and somehow I actually got more upset when they gave me the pay increase that I requested. Something similar to "Were they ripping me off before, knowing I was worth more and holding it back?" To me it is like buying a vehicle, if you get one dealers best offer, then find a lower one somewhere else, if the original dealer makes their "best offer" better, they were looking to rip you off the whole time, go with place that offers you their best and won't move on their number. Just my feelings, but in your situation I would not leverage the offer again and just decide to stay or go on your own opinion of the job/pay.

GTAA Mistmaker
 

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