I always think of the raise at the threat of leaving in the following way:
They could afford you at the higher price but tried to not pay you what you’re worth.
They now know that you’re willing to leave and are less reliable. This can lead them to use the increase to look for a replacement with the time the raise has bought them.
Doing it collectively might be a bit of a different situation, though.
It’s the only way my partner has ever gotten a raise.
It’s not the only way I’ve got a raise. I also got a raise once by saying I was planning on leaving. But I guess that’s pretty similar :)
I always think of the raise at the threat of leaving in the following way:
Doing it collectively might be a bit of a different situation, though.