I have done the interview and stayed with my company and gotten a raise out of it several times in my Career. I advise my staff if they get the chance then do it, but be willing to leave, don't just make a bluff to get a raise and stay.
Make sure you interview, otherwise you'll kick yourself for not trying it out. If you are not 100% wanting to leave, it also makes the interviews less stressful. Likely leading the interview to be better.
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It is the mark of an educated mind to be able to entertain a thought without accepting it.
- Aristotle
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