What are the HR limits and typical approaches on making a counter offer to keep an employee that has a job offer outside Cisco?
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As far as I know, Cisco doesn't even negotiate salary for job offers, much less retention.
Each BU has an annual budget, that gets divied out between the teams. Managers have to then divie out their portion of the budget for promotions and RSUs. Some of it has to be used to bring people's wages up to what they're bringing in new people at and some of it is used for actual promotions/pay raises. Once it's allocated at the start of the year, there's no budget left to increase your pay as a counter offer to keep you mid year.
And I certainly would not trust a promise of extra pay "next fiscal year" at "talent review" time. And, if your pay is higher than the rest of the team in your pay grade / job title, then you're increasing the target on your back for LRs because "you're expensive". Bean counters don't care what skills you provide.
The best way is if you have a good relationship with your direct manager. I would be honest and tell them the situation if you do. They can then try to go to bat for you. If you do not have a good relationship with your manager, I would tread lightly.
If you’re going to tell them you have an offer it better be better than what you have now because outside of Europe they can say “good luck, we’ll walk you to the door!”
Also, if money is all you’re looking for odds are over time you won’t be of great value to either company. Job jumps are a way to gain new and broader experiences making jumping far easier and far more profitable in the long run. For many jobs at Cisco your dashboards, not your manager judge your worth on meaningless but easy to electronically measure values so you might consider negotiating different responsibilities where you can make the dashboards happier. How to do this in a way that doesn’t tell the manager they didn’t manage your talents effectively is a talent unto itself.
There is a limit that they cannot go over based on budget.
Seriously?? . run and don’t look back if you have a chance to leave. Why would you even consider, why think twice staying in this company that treats their employees like this?!! Non stop Yearly layoffs, the never ending inclusion social justice hypocrisy, and the tribal work culture.
Cisco is trying to reduce roles, why pay someone more to keep them when they can let them leave w/o paying a severance and then replace them w/ someone more junior for a cheaper wage cost.
No guidelines. If your manager feels you're a true asset, she might try to retain you. Else you're as free as a bird.
I've seen people get huge promotions followed by a layoff. Increased compensation is a liability at Cisco.
They won't counter and will let you walk
Don't do it. Money will only temporarily appease your reason for putting a foot out the door in the 1st place.