You have been approached by another company and offered a position with growth potential and a moderate increase in compensation. You have analyzed and agonized over the decision to leave your job for what could be a better one, and have accepted (or decided to accept) an offer. However, upon resigning, your current boss asks you to stay. This appeal is known as a counteroffer.
Here are several truths about counteroffers which you should be aware of before accepting one.
- Where is the money for the Counter Offer coming from? Is it your next raise, early? All companies have strict wage and salary guidelines, which must be followed.
- You have now made your employer aware that you are unhappy. From this day on, your loyalty will always be in question.
- When promotion time comes around, your employer will remember who was loyal and who was not.
- Once the word gets out, the relationship that you now enjoy with your coworkers will never be the same. You will lose the personal satisfaction of peer-group acceptance.
- What type of company do you work for if you have to threaten to resign before they give you what you are worth?
- Your company will immediately start looking for a new person at a lower starting salary.
- When times get tough, your employer will begin to cut back with you.
- Accepting a Counter Offer is an insult to your intelligence and a blow to your personal pride; knowing that you were bought.
- The same circumstances that now cause you to consider a change will repeat themselves in the future, even if you accept a Counter Offer. Why did you start looking to begin with?
- Career changes are tough enough as it is, and anxieties about leaving a comfortable job, friends, and location and having to reprove yourself again in an unknown opportunity can cloud the best of logic. But just because the new position is a little scary doesn’t mean it’s not a positive move.
- Think about it: If you were worth “X” yesterday why are they suddenly willing to pay you “X+Y” today, when you weren’t expecting a raise for some time?
- Flattering offers and comments are attempts to manipulate you to act in your employer’s best interests-which aren’t necessarily your own. In other words, they’re not about you.
- Apart from a short-term band-aid treatment, nothing will change within the company. After the dust settles from this upheaval, you’ll be in the same old rut. A rule of thumb among recruiters is that more than 80% of those accepting counteroffers leave, or are terminated, within six to twelve months anyway. Half those who do succumb reinitiate their job searches within 90 days.
- When making your decision, look at your current job and the new position as if you were unemployed. Which opportunity holds the most real potential? Probably the new one or you wouldn’t have accepted it in the first place..