Do you have a new job offer and are wondering how to tell your boss you got another job offer? That is completely understandable!
Getting a new job offer can change your entire life. However, clearing this passage is necessary before moving forward in that direction. It can be much harder than you’d imagine striking a balance between the novelty of having a new opportunity and the responsibility of telling boss about job offer you are considering. Fortunately, by taking a few easy actions, you’ll be able to readily reveal the offer you’ve received and learn how to use your newfound negotiation power.
So, if you find yourself in a situation like this, what should you do? Which approach to the problem is the most effective? Here are some methods to inform your supervisor that you have received a job offer elsewhere, per experts.
Here Is How to Tell Your Boss You Got another Job Offer
Plan your strategy
Consider what you intend to gain from this scenario before writing your letter of resignation or giving your farewell speech. If you receive a new, improved job offer, it doesn’t necessarily indicate you’ll leave your current employment. Depending on how you perform and how well you get along with coworkers, many managers will make you a counteroffer that challenges the terms of the rival. So, if the new job offers better income and benefits but you don’t want to leave your existing workplace, you could want to use a bargaining approach.
As an alternative, you could not yet be certain of your preferences. But if you decide to tell boss you have a second job, you’ll need to sit down and list the particular circumstances that would make one offer superior to the others. Before entering the resignation meeting, you must have certain predetermined requirements. You’ll be able to immediately respond to any potential counteroffers if you do this.
Decide based on your objectives
You will have all the information required to decide after reading the announcement and any potential negotiations. There won’t be enough left to do, though, if you’ve already decided how this encounter will turn out. If you’re unsure which option will best help your professional development, compare your objectives and aspirations to what each organization has to offer? It’s important to also take non-financial stimuli into account when comparing your choices. Consider the atmosphere at work, your room for advancement, your spare time, or your commute. It’s not always ideal to go with the highest bidder for your professional or personal life.
Pick your timing wisely
Finding the perfect moment to announce a new job offer is crucial, particularly if you intend to keep discussing and staying with your current employer. Since you don’t want to delay the process and run the danger of the new employer losing interest, you should first opt for the earliest possible time date to inform your boss of your decision. Always try to arrange a face-to-face appointment with your supervisor if possible. To avoid giving your supervisor too much time to prepare their own negotiating strategies, be cautious not to reveal too much about the subject of the talk while scheduling it.
Talk to your boss face-to-face
Always tell boss you got a new job and let him/her know you will be presenting your notice personally if you value your relationship with them and want to preserve it that way both during and after your departure. This enables them to think critically and, if necessary, for you to offer feedback. One of two things could appear in this. You can email your boss with a subject line like “Hi Boss, I want to set up some time to talk with you now or tomorrow. It ought to finish in less than 30 minutes. Do you have some free time? Your boss will already be inclining what is on the way if they receive this email.
Keep a positive attitude
Whether your objective is to earn more money at work or to leave on a good note with a favorable recommendation for your future career, how you approach explaining your new job offer can set the stage for a pleasant encounter. Even if you’re eager to leave your current job, it’s crucial to avoid sounding impatient to end your current employment. Avoiding criticism from your current employer, coworkers, or supervisor is especially important because you want to maintain the possibility of a positive recommendation in the future. Keep your communication brief and direct instead, telling your manager that you’ve got a job offer from another company and indicating whether you intend to take it or would like to discuss the potential of a raise.
Be sincere but considerate
You had a good reason for telling boss about job offer, whether it was money, benefits, better opportunities, or something else. Sharing this data with your manager is crucial. Be honest in this section as well. You can be leaving for a personal reason, such as that you don’t agree with your boss, or the company culture is toxic. You can politely explain why you’re leaving a potentially harmful workplace. Share your worries and the exact reasons you’re leaving. Businesses occasionally use this information and disseminate it, which might result in changes for the people already employed by the company or for the next person to fill the role.
Give your boss two weeks’ notice
In this talent-scarce market, the chances of hiring another person for the position within 2 weeks are slim. What you are giving them, though, is the time they will need to create a backup plan. Who will receive your phone calls and emails? Where are you at with your current projects, etc.? This provides them plenty of time to prepare for their first go without you. Giving two weeks’ notice is a professional discipline of the employment process and should be done carefully.
Giving notice may result in feelings of anxiety, guilt, fear, and overwhelm. These emotions may be so strong that we are unable to give two weeks’ notice in full. We might even wind ourselves staying on at a job we had intended to quit while making up justifications for our presence. They will benefit more from having someone who genuinely wants the position. Yes, you are exceptional, but they will go on. Postponing the two-week notice is equivalent to putting off a breakup. Stop bringing them along and free the business—as well as yourself.
Getting ready for potential negotiations
Your employer may wish to make a counteroffer after you inform them about a new offer to get you to change your mind. Now, if you’ve already decided to quit your job, this part won’t teach you too much that you need to know. However, you’ll want to be aware of how to get ready for a potential negotiation if you’re interested in your current job offer. You should use this opportunity to communicate your wants and goals as thoroughly as you can. Give clear explanations of the terms of the agreement that is being presented to you and the argument that can cause you to think again.
It’s good to do some more research to support your arguments before the meeting. During the bargaining process, any information you have about the local typical salary for your position, insurance plans, and benefits may be essential. If you want to use your position to your advantage, you can first tell your boss about the contract you’re being offered before swiftly adding that you’d be happy to stay in your present position if it came with the same benefits.
You should also think about how your choice may affect your reputation as a professional.
Think about accepting a counteroffer
Now is a better moment to bargain with your boss after the “Great Resignation” and the trouble hiring managers are having finding employees to fill their roles. It’s obvious you accepted a job offer but got a better one, so think about what a reasonable counteroffer might be as well as what you can gain from one.
It can be:
- A higher pay
- Improved working circumstances
- The capacity for remote work
- Adaptable hours, or
- An advancement
Or would you rather reject the counteroffer, regardless of how strong it is? Before arranging an appointment with your manager, you should be aware of how you answer these questions.
Think about the risks of a counteroffer
If you accepted a job offer but got another, it could strike mix-feelings in your decision, which often lead to acceptance of a counteroffer. Consider the dangers of a counteroffer. Getting a counteroffer might be sensible based on your understanding of your employer and how the business has handled such circumstances in the past, and whether the counteroffer is reasonable. Would it cause resentment or raise questions about your devotion to the point that it would have an impact on your career with the company?
Is it conceivable that your manager is making you a counteroffer so that you can stay until a suitable successor is found? You should be certain that you are aware of the answers to these queries. In case the risks are higher, I would urge you to quit regardless of the counteroffer or, if you decide to continue with your current work, to never bring up the subject with your supervisor.
Why Do Employees Want to Change Their Current Job?
According to the Labor Department’s current Job Vacancies and Labor Turnover Summary, around 4 million Americans leave their employment each month in a phenomenon known as “The Great Resignation.” CNBC and the international gender equality organization Catalyst published a report titled – “Inequality between Work and Life: How the future of employment is being influenced by employee demand for freedom and employer worry “on the matter.
76% of respondents said they want their employer to make work fully flexible in both schedule and location base. 41% of those surveyed indicate they are thinking about leaving their job since their employer has not cared about their concerns throughout the pandemic. When it comes to 50% of working Americans planning to alter their careers because of their working conditions, 41% are looking for flexible or remote employment, 39% want a raise or promotion, and 33% want to switch carriers. However, it is always a good idea to tell boss about job offer if you ever find one and decide to leave.
Frequently Asked Questions
1. Should I Tell My Boss I’ve Got a Job Offer?
Always let your supervisor know you will be presenting your notice personally if you value your relationship with them and want to preserve it that way both during and after your departure. This enables them to make inquiries and, if necessary, for you to offer feedback. One of two things could appear in this. Giving your supervisor a heads-up to communicate is the first step.
2. Should I Sign an Offer Letter Before Resigning?
Sign the offer only when you are certain that you wish to take the new job. Give two weeks’ notice after you are confident about the new employment. Take the offer letter in your hands, read it again, and make sure you comprehend all the terms and that it EXACTLY matches your interest. Ensure that you have time between the day you leave your current firm and the day you begin working for your new one.
3. Should I tell My Boss I’m Interviewing for Another Job?
NO, unless you’re being laid off. To enable you to attend the interview, you must think of an excuse. Honesty is not always the best course of action, and in this case, it is not. As others have noted, telling your manager that you are looking for a new job will make you appear unmotivated to your current employer, which may cause them to have major doubts about you or, in the worst-case scenario, terminate you. We all understand that there is only a 50/50 chance that you’ll be hired after a job interview, but in most circumstances, there is a significant likelihood that you won’t, which is why employees should keep their job hunt a secret until they receive an offer.
4. Is It Okay to Share Offer Letter with Current Employer?
It is best to hold off on disclosing specifics to your current boss at first, in case you are still deciding between job offer and current job. You can, however, send a screenshot of your compensation package in which the firm name has been obscured for privacy reasons, (if the existing employer wants to keep you with a competitive package and a bright future). You can only share the details of your offer letter once you’re satisfied with the benefits your present employer is providing, putting you on the safe side. (Please note that any offer your present employer makes to you should be made in writing, not verbally.) In terms of openness and discretion, it would be a win-win situation for both the company and the employee.
5. How Do You Gracefully Quit a Job?
It’s crucial to step out of your position as gently and professionally as you can. When you leave a job on good terms, your previous employer will be more likely to recommend you favorably when you apply for new jobs and your boss and coworkers will remain an integral part of your working network, both of which will help you get better job prospects in the future.
Conclusion
Receiving an intriguing new job offer is frequently accompanied by conflicted feelings about how to tell your boss you got another job offer. Most often face the challenge of should I take a new job offer, especially if the odds in my current workplace are high. Although a rewarding chance can frequently be a life-changing experience, it might be tricky to explain it to your present employer. But by taking a few easy steps, you’ll be able to make your decision as politely and formally as you can while still making the most of the advantage that a rival trying to hire you gives you. The most crucial thing to keep in mind is to pick your goals and desires at the outset and stick with them during the process.
