Counter Offers – To Leave or Not to Leave
Looking for a new role is a big decision; it’s a big risk but there’s a reason you’ve come to this decision. Whether it be poor management, disagreeable colleagues or even something as simple as more money, something has motivated you to search for greener pastures.
So you go through the process of putting your CV online, search for your next role and get through the interview process. After all your hard work, you’re offered the job you feel is the right fit and you hand your notice in. Then things take an interesting turn and your current employer makes you a counter offer.
Let’s just be blunt here; a counter offer isn’t about you, it’s about your current employer. The amount of time and money it will cost to replace you, never mind the time and money they’ve invested in you already, it’s no wonder that that don’t want to let you go. They will pull out all the stops; listening to your reasons for leaving, make you feel like a valuable part of the company and tell you what you’ve been wanting to hear for months. It’s completely understandable why this would be so flattering and it’s difficult not to be charmed by the whole show, but think about it. If they really respected you and valued you, why did it take for you to hand your notice in for them to want to look after you?
Do you honestly think that all the things you disliked about your old job are just going to disappear? If you didn’t get on with your old boss, will threatening him to leave make him like you all of a sudden? Will this fix your relationship with your colleagues? But most importantly of all, will this make you happy long term?
You’ve essentially fired your boss, and no one likes being fired. All strong relationships are built on trust and by looking to jump ship any trust that was there is gone. Not only that, but this will put a stop on future pay rises. Yes, you’re on £6k more now, but they won’t offering you any more money any time soon.
The biggest picture to think of however is your outside reputation. The company you accepted the job from went through the process of interviewing, deliberating and offering you the job which times time, money and resources. After you accepted the job and then rejected it for a counter offer, they have to start from scratch. A good manager will be well networked, so you also have to take into consideration about how this choice will affect you when you are back on the job market. Statistics show that 50% of employees who accept a counter offer are actively looking for a new role again within 60 days, so this may come back to bite you sooner than you think!
When you’re made a counter offer, think about the biggest picture. How will this affect your standing in your current company? Is this the best option for you long term because your happiness should be the most important influencer in this decision.