8 reasons to NOT accept a counter offer from your boss
8 reasons to NOT accept a counter offer
Before you hand in your resignation to your current employer, one of the things that you must be prepared for is what your response will be if they suggest a counter offer!
You just got an offer of employment and it’s time to resign from your current employment and serve your notice. But the strangest thing happens… Your boss asks you to stay and offers to give you an increase on what your new employer is offering!
You think to yourself:
- “Wow! A double increase!” OR
- “Maybe I can use the offer from my new employer to bargain a higher salary at my current employer.”
STOP RIGHT THERE!
No matter how enticing this counter-offer may be,
here’s why it is a bad idea to accept a counter offer:
- Your employer is now aware that you are unhappy. From now on, your loyalty will always be in question.
- When promotion time comes around, your employer will remember who was loyal and who was not. (Hint: You = not loyal)
- The reasons that caused you to consider leaving your current employer are likely to repeat themselves in the future; and statistics show that if you accept a counter offer, it is highly probable that you will be back on the job market within 6 months.
- You needed to have one foot out of the door before you get paid the salary that you deserve. Why should you have to threaten to resign before your value is recognised?
- Where is the money for the counter offer coming from all of a sudden? With such an inflated increase, when are you likely to be due for another increase, if ever?
- When times get tough and your employer makes cutbacks, the people with inflated salaries and a perceived lack of commitment will be the first to go (Hint: It’s you.)
- Thinking about using your potential employer’s job offer to get your current company to counter and pay you more money? Bad idea! Your company would likely be looking for your replacement immediately… just in case you decide to resign again.
- The new employer you just turned down (after going through the entire hiring process) only to accept the counter offer at your current employer, may not consider you for employment, again.
How to decline a counter offer:
If you do decide to decline a counter offer it is very important to stand by your decision. Be respectful and thank your current employer for the opportunity that they have made available to you and for the experience you have gained at the company.
As you can see, it is an absolute no-no to accept a counter offer! All Recruiters will tell you this same thing. Trust me, this is VERY good advice and you need to take heed of it, if you care about your career.
An easy way to clear your thoughts would be to think about your initial reasons for pursuing a job with another company. Was it for more responsibility? Prospects for travel? Perhaps the new employer offers better benefits?
Whatever your initial reason or reasons are, keep that in mind when you hand in your resignation.
If you want a salary increase, then negotiate it with your current employer – or prepare to move on; and do it.
If you do decide to accept the counter offer and remain with your current employer after thinking carefully about both options, just remember that your current employer will always remember your attempted resignation. You may then be targeted as a fidelity risk.
You don’t want that, right?
Have you ever been offered a counter offer from an employer?
Do you have a good or bad counter offer experience that you would like to share with us?
Comment below and let me know…
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