The Counter Offer
By Cale Sinfield
You have decided to leave your job. Its been months of consideration. There have been tears along the way but you made the decision. You might want to leave because you don’t like your manager, there’s no security, no opportunities to advance or you just think you are worth more.
You venture out into the job market. You have written a CV, posted it on job boards and spoken to recruitment agencies about your desired roles.
Suddenly, your dream role becomes available and you apply. You interview and you’re ecstatic as you receive an offer.
You decide to accept, you give notice to your current employer, but to your surprise a counter offer is made to try and encourage you to stay. What should you do?
I recently had an applicant that wanted to leave their current role due to redundancies being made, she secured a new role and her current employers counter offered, a £1,000 pay rise with the potential for more in the future.
She decided to stay and redundancy followed 6 months later.
Surely, it’s worth considering that if your current employers can offer you a salary increase or promotion why they didn’t do so before you said you were leaving?
Its important to remember all the reasons you were wanting to leave and not get blindsided with the promises of more! Your feelings and reasons will still be there. Recent studies show that 70-80 percent of people that accept counter offers either leave or are let go within a year.
Take time to think about the business that has offered you the new role. They like you, they feel you can add something to their business. They have spent time and effort in interviewing you and are excited about the prospect of you working with them.
Compare the offers that have been made to you. Remind yourself about the reasons you wanted to leave in the first place.
If you decide to stay, discuss your concerns and reasons for wanting to leave with your current employer. They might even encourage you to take the new role if your ambitions do not meet their own.
In a nutshell talk to all parties concerned. Be honest and this will help you make the correct decision for yourself.
If you are in this position and would like to talk to us about it, please do not hesitate to get in touch.
Our business is recruitment and we see this all the time.
Cale – A Recruiter with a personality