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I was recently offered an HR position with a small mfg a little closer to home. The job duties practically mirror my current duties but the pay is $5,000/yr more.
When I presented my resignation, my boss (president and chief owner) refused to accept it and asked me to give him a day or two to counter-offer on salary--that was yesterday. An embarrassingly low salary was the impetus for my job search. (I had previous asked for and was promised a raise in the first quarter of 2010. This job offer gave me some bargaining power.