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Employees Using New Job Offers as Bargaining Leverage

April 27, 2022

Via: HR Hero

One of the most common sources of anxiety in the world of work is asking your boss for a raise or promotion. Many are hesitant to ask for things, especially money, because it feels uncomfortable and there’s a power dynamic. “Will I upset the employer I depend upon by asking for more?”

Employees Today Wield More Power

However, the Great Resignation has shifted this dynamic considerably. As companies continue to struggle to find workers, employees have increasing options for alternative employment, and employers are desperate to find and retain virtually anyone to fill their ranks. This has led to a powerful bargaining strategy for workers looking to increase their compensation: Threaten to take a new, better-paying job.

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