[crsv]

YMMV of course, but this can and has backfired. If you're going out to the market and getting offers of employment you should be fully emotionally committed to leaving your organization. An individual manager who has a close relationship with you might "get it" in terms of this approach, but from a succession planning and HR perspective unless the business is aware that they're offering substantial below market rate and they are truly supply constrained, this tactic will not end well for you.