You missed promo 3 times, and when you left he didn't try to counter you. Is it possible s/he might have been blocking you?
Obviously not everyone can do that. Then again, not everyone can get offers whenever they need also, especially since doing so requires a large network and regular interviews. Most people have neither.
If you're already at the point of having decided to resign, you've already done a lot of soul searching (well, unless it was an easy design to leave) and weighed everything up and decided to leave. Even if the financials were an important factor in making that decision to leave, by the time you've convinced yourself it's the right choice, you'll have looked into all the other areas of the job that really annoy you. Even if you take the extra money, those things will eat away at you, and you'll probably always second guess yourself about how much better life might have been at the place you had lined up and then turned down for the payoff.
In other words, once you've made the decision to resign, there's part of you that has already mentally checked out of the job, and that will never be satisfied staying in the job, even with more money.
The counter offer I accepted was fairly early on in my career, adding about 25% to my pitifully low salary at the time. In relative terms it was massive, and most importantly allowed me to get a mortgage (at the time mortgage companies in the UK were very strict about not lending more than 4x your annual salary). However, the discontentment I had with the job remained and within 6 months I decided I still had to leave because I was still unhappy there even despite the extra money. Sure enough, the next job was much more fun because I was working on something new.
I've not been on the other side, but just from my own experiences, I don't think it'd ever be worth making a counter offer unless you knew they were chronically underpaid compared to the cost of hiring someone new AND you new that even when they were unhappy at work they'd still bring enough revenue to more than justify the extra spending knowing that it's likely to just be a short term fix.
TLDR: Once you've decided to leave a job, just do it. If an employee wants to leave a job, just and wish them well and let them leave.
If the company is prepared to offer you a big enough raise to tempt you to stay, and able to organise that raise at short notice, why didn't they value you enough to give you that raise before then?
In all of those jobs, I have found line level managers absolutely useless and powerless.
At the jobs where I was responsible for strategy, one of my conditions for employment was I would be reporting directly to a director or CTO.
They are doing exactly what they are paid to, which is communicate decisions made above them to the people doing the work.
You are correct - that is a powerless position. That's by design. Work isn't a democracy.
Negotiations about yearly pay raises are common but these are in the 2-5% range. Even non unionized big tech companies usually still give these yearly adjustments but its nothing compared to the 20-30% you can get when you level up.
Getting a manger who is too passive, or too checked-out, or just plain doesn't like you, can literally set you back in your career advancement by years.
At Google, in most orgs, manager can influence the chance of success significantly:
- Making sure their team works on what the org leads find "impactful"
- Facilitating cross team collaborations, which will lead to good peer reviews for your report
- Helping your report write the promo packet
- Presenting the promo case effectively during the calibration meeting and being prepared to advocate for the report and respond to criticism from other managers at the meeting
- etc.
There are many managers that do very few if any of these things, and it shows.
Yes, there are quotas, but nonetheless the manager plays a big role in whether their report makes the cut.
There is no harm in saying that you are quitting because you do not feel valued / rewarded enough. Hopefully it will effect change in the manager. Of course it's best to keep it polite and not burn any bridges in the process.
Promotion decisions are made by committees which are 1-2 levels above your manager, your manager presents the candidates. They round up a pot of multiple teams which are discussed at once and there are usually hard quotas (like 5%) of promotions to give out to this pot of employees. These hard quotas make it impossible to "do the right thing" because even if a lot of people deserve the promotion, only x% can get it. The composition of the pot of people can easily cause the problem which is described in the blog post, for example if you have a high number of juniors or a high number of employees who joined at the same time or employees with incorrect levelling from the start. If 20%+ deserve a promotion then it simply turns into a game of luck.
As a manager you try as hard as possible to get these promotions but the system of these big companies is just too rigid. Its like a pit fight instead of objectively looking at output. I have seen a lot of people leave for the same reason but I haven't seen a single change to the system in 5+ years.
Next we could talk about layoff mechanics, its equally disturbing.