That said, I've found the "competing offer" element to be of little to no value. Even when I had 7 competing offers, not one of them negotiated more than maybe 10% on the amount. The one that gave me the largest bump didn't even need to know about competing offers - they just wanted to know what would get me to sign. I said X and they did it.
Thank you, glad to see not everyone in this thread is a super-rich SV engineer that never had to even lift a finger to get the next job.
Depends on the company. If you were applying where I work and tried to use a competing offer to get a better offer, they'd just suggest you go with the other offer.
Wish more people on HN worked at least 5 years outside the USA. It would give them valuable insights.
In that case you could still work for that company, but would your company offer a higher salary with any other negotiating strategy?
This kind of requires companies winning above and beyond anybody else. Those are rare.
Every where else, its work as usual and people as usual. Nobody is important. People join and leave all the time. They could care less about whatever other offers you have.
If they know you have alternatives, they are much more likely to negotiate. In fact the modern version of this guide is try to get several offers and negotiate them against each other (not you versus the company). Might be more difficult in the current market.