[QUOTE=DrDeth]
There’s a right way to do this. Find another job (a good way is to post your resume with all the snazzy key words on the big and specialized job sites, and wait to get headhunted). When you get an offer (even if you don’t nessesarily intend to take it) you go into to see your boss. You tell him you’ve been headhunted (**hwaaaaay **better than saying "I applied for another job…) and they offered “substancially more money”. You tell him you are more or less happy working for your current job, and tell him all the stuff you like. It can be OK them to slip in one little thing that you don’t like (“Although I’d sure like it if I had a window to look out of at times, it’d really cheer me up and make me more productive”), but make it 90%+ positive. Tell your boss to be fair to your current employer, you’d like to give them an opportunity to make a counter offer. You don’t have to mention any specific figure, and make it clear your current company doesn’t nessesarily have to beat the “other guys” offer.
If you really are a valued employee, this can make many companies aware of how valuable you really are, and they might well offer you a nice raise (and maybe even a cubical with a decent view if that’s the “one small thing” you slipped in that you didn’t like about your current job). This is also a very nice thing to do if you are headhunted and your current job really isn’t half-bad.
This is then a “win-win”. They might say “Yes, we love you Jim, and we’d like to offer you another 10% if you’ll stay, and you’ll get the next window cubical”. Or, they might say “Sorry, no can do”- then you can leave to the new job or stick around. Or they might say “YOU’RE FIRED YOU DISLOYAL ASSHOLE!”- in which case you know what kind of assholes they are, and you have that next job offer in hand anyway. None of these are losing choices.
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I got a raise this way. I was consulting and the client offered me a full time job and a raise. I really didn’t want it, but the money was attractive and I was doing the job anyway. I went back to my consulting company and said “I really like consulting, I’d rather stay, but the client has offered this and I feel the difference is enough that I really need to consider this offer.” They matched - actually, they more than matched. Within a year I’d been promoted, and promoted again less than a year later.
I liked that company, but it was the only company I worked for that I consistantly had to play hardball with on salary. When I was hired they tried to lowball me, despite the fact they already had me placed with a client with a verbal agreement. I laughed and said I was already making more than that, why would I switch, and that they were free to call the client and let them know I wasn’t available. (The recruiter got his ass reamed by the sales manager for that little attempt at bait and switch). When I was promoted, my boss - generally a nice guy - said “your performance review is in a month, we will do the salary adjustment then” and I had to think that one through, call him back and say “um, no…you want me to do the job, you start paying me to do it now and we agree on what the raise will be now, or I’m not doing it.”