You’ve been offered a job at another company. How do you negotiate a raise before you leave?

2 Choose your timing

Timing is everything when it comes to negotiating a raise. You don't want to wait too long and risk losing the new opportunity, but you also don't want to rush and seem desperate or disloyal. Ideally, you should have a written offer from the new company before you talk to your boss. This gives you more leverage and credibility. You should also choose a time when your boss is in a good mood, not busy or stressed, and open to discussion. Avoid Mondays, Fridays, and holidays.

3 Communicate your intention

When you meet with your boss, be respectful and professional. Explain that you have received an offer from another company, but that you are not ready to leave yet. Express your appreciation for your current role, team, and company, and emphasize your loyalty and commitment. Tell your boss that you would like to stay if they can match or exceed the offer, and that you are willing to negotiate. Be clear and honest, but not confrontational or threatening.

4 Negotiate your terms

Once you have communicated your intention, it's time to negotiate your terms. Be prepared to share the details of the offer, such as the salary, benefits, bonuses, and perks. Don't reveal the name of the new company unless necessary. Ask your boss what they can do to match or exceed the offer, and listen to their response. Be flexible and creative, and consider other aspects of compensation, such as work hours, vacation days, training opportunities, and career growth. Don't be afraid to ask questions, clarify expectations, and request written confirmation.

5 Make your decision

After you have negotiated your terms, you need to make your decision. If your boss agrees to meet or beat the offer, congratulations! You have successfully negotiated a raise before you leave. You should thank your boss for their support and trust, and reaffirm your dedication and enthusiasm. You should also inform the new company that you have decided to stay with your current employer, and thank them for their interest and offer. If your boss declines or falls short of the offer, you have two options: accept the new job or stay with your current one. Either way, you should be respectful and gracious, and avoid burning bridges. You never know when you might cross paths again.