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Counter Offers - Ahhhhh What to do?!

Posted on 13/11/2015 by

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Counter Offers

You’ve received an offer for a new job, you’ve accepted and have a confirmed start date in your new position, so now all that is left to do is hand in your notice/resignation. Things are looking up in your career as you were successful in your interview and now your recruiter is tying up the final details with your new employer.

However, instead of just saying thanks for all your hard work, shaking your hand and wishing you all the best on your new move ... your current boss makes a counteroffer: A salary increase and perhaps a promotion. This may be not what you expected, but it’s made you think: It’s made you think that you are a valuable asset and your current company really doesn’t want you to leave.

It’s flattering to believe that you are a key employee – and there’s no doubt that you are. But in many cases, resignations can hurt your manager who is just simply thinking about the cost; of replacing you. Businesses always want the very best from their workers and if it’s cheaper to pay you a little bit more and promote you into a better role, then it buys them the time ... to find a replacement for you, when it suits them!

After all, a good boss, in a good company knows that there are plenty of other candidates sitting out there who would love the chance to work for their company. It’s just a matter of time ... until you become disposable.

You may think that accepting a counteroffer may be good for you, but before you accept, consider these reasons why you should decline.

Reason No. 1: Once the word gets out, the relationship that you now enjoy with your co-workers will never be the same. You will lose the personal satisfaction of peer group acceptance.

Reason No. 2: Accepting a counteroffer is a bribe – an insult to your intelligence and a blow to your personal pride. You will always know that you were bought.

Reason No. 3: Statistics compiled by the National Employment Association confirm the fact that over 80% of people who accept a counteroffer are no longer with their company six months later.

Reason No. 4: The same circumstances that made you consider a change in the first place will repeat themselves in the future, even if you accept a counteroffer.

Reason No. 5: When times get tough, your employer will begin the cutbacks with you. Your position will be much less secure going forward.

Reason No. 6: When promotion time comes around, your employer will remember who was loyal and who wasn’t. Which list do you think you will be on?

Reason No. 7: You have now made your employer aware that you are unhappy. From this day on, your loyalty will always be in question.

Reason No. 8: Your company will immediately start looking for a new person at a lower salary.

Reason No. 9: Where is the money for the counteroffer coming from? Is it your next raise, early? If you were worth “X” yesterday, why are they suddenly willing to pay you “X + Y” today?

Reason No. 10: What type of company do you work for if you have to threaten to resign before they give you what you are worth?!

 The following information was published in the Wall Street Journal:

Fact: 80% of all people who accept a counteroffer leave their company or are terminated within six months. (Source: National Employment Association)

Fact: 90% of all people who accept a counteroffer will re-start their job search within six months. (Source: Business Week)

Fact: Decent and well-managed companies don’t make counteroffers … EVER! Their policies are fair and equitable. They will never be subjected to counteroffer coercion, which they perceive as blackmail.

 Good people are difficult to find and some business will do whatever they can to stop someone leaving even if it’s not necessarily beneficial to you.

Have you recently left your role and received a counter offered? What did you do?

Sources 

http://money.usnews.com/money/blogs/outside-voices-careers/2012/03/26/why-you-shouldnt-take-a-counteroffer