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Do you go through the whole interview process or do you just reach out to competitors and ask what they'd pay for someone with your resume?
Ive done both but always go to the first interview. It all depends on how the interview goes. If they seem desperate for help and seem to have high hopes they found their guy, ill flat out tell them that I will be allowing my current employer to match their offer. Thats only happened a couple times over the 5 times I've done this. I try to bring no less than 3 offers to the table for my employer to match. So even some of the shittiest companies I had zero intentions of committing to, will still be used.
The two biggest cards in my deck tho, in my opinion, are 1. That most people who work with me know that I dont balk at much. If I say im guna do something, I make sure I do everything in my power to make sure it happens. 2. Im 37 year old male unmarried and childless, my risk management allowance is muuuuuuuuuch wider than most people I compete with on the job market. If my current employer doesnt match someday, then I have no problem jumping ship and changing course.
The key is that your employer knows you would jump ship if it comes down to it. At rhe same time, you need to know what your value is for your employer and the cost they will pay to train ypur replacement so they know they aren't only retaining a valuable asset of their company bit theyre doing it at a lower operating cost than it will cost them to train someone compleyely new to get them up to your current work load.