This is Help Wanted, the show that makes your work work for you. I'm Jason Pfizer,

editor-in-chief of Entrepreneur magazine.

And I'm money expert Nicole Lappin. On Tuesdays, Jason and I answer the helpline and help

callers solve their work problems. And on Thursdays, I give you one way to improve your work and build a career or company you love.

And it starts now.

Who wants to make more money? We all do, right?

The big question is, how do we make that happen? A lot of folks will tell you that you can use a new job offer as leverage to ask your current employer for a raise.

But does that actually work? I had a listener ask me this very question on my other

podcast Money Rehab and it felt too up the help wanted Aling to not share. So here's a

question from Money Rehaber Simon and my advice on how to navigate it.

Hi, Nicole. So I've got a question or perhaps two questions. I'm currently employed for a company that has been hit pretty hard from the pandemic. I got some extra time off and so I

use that extra time off to work on another small startup, not my own, but just helping out.

There's a chance that they're going to offer me a position.

Whilst the industry is better in the startup and more accustomed to my like long-term goal. I

quite like my current position if things improve and maybe if I could get paid a bit more.

So I'm wondering if I can leverage the offer

and maybe bring it up to my current boss

to see if my main employer will offer me a counteroffer.

Ah, Simon, I wish there was a one-size-fits-all answer for you.

But as I can tell from the fact that your friends have even

given you different answers, the efficacy of this move really depends on your work

situation. It is true that if you tell your company you got another job offer, it could signal to your employer that you're looking elsewhere.

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