5 Reasons you Should Never Accept a Counter Offer
So youβve decided itβs time for a move, youβve met with recruiters, youβve assiduously scoured the market, youβve interviewed with several different companies and youβve finally found your next move. The job feels right, the company is great right and the people are a breath of fresh air.
You hand in your notice, but then something strange happens. Your manager goes pale and defers acceptance of your resignation. They have to speak to their boss. A day goes by, then two, then itβs the weekend. Monday comes around and the Head of the department asks to speak with you… and here it is, the counter offer in all itβs cheap, shameful glory β awash with excuses and regret.
Here are 5 reasons you should say thanks, but no thanks.
1)Β Β Β Β Β Β TheΒ Statistics–Β According to the National Employment Association, 80% of those who accept counter offers end up leaving within the next 6 months anyway.
2)Β Β Β Β Β Β The MotiveΒ – what is your employerβs motive for getting you to stay? Is it because they value you or is it because it takes a great amount of time and effort to replace you? The fact that you chose to move in the first place is indicative that you werenβt valued properly. To replace you, your employer is likely going to have to run an exhaustive search, conduct numerous interviews, pay ~ 20% of your salary in recruitment fees not to mention spend hours and hours getting someone new up to speed.
3)Β Β Β Β Β Β The Trust – despite the platitudes, the trust is now gone. Youβve got a black mark against your name as someone who isnβt loyal and is a flight risk. If redundancies come, do you think youβll be towards the bottom or the top of the list of people to go? Trust is a two-way street. Do you really trust that this is a genuine offer? Or is it a temporary measure whilst they come up with a contingency plan. How can you know for sure? You canβt.
4)Β Β Β Β Β Β TheΒ MoneyΒ – Where has this miraculous pay rise come from? Iβll tell you where itβs come from, itβs come from your next bonus or your next pay rise. Donβt be surprised to find yourself heavily penalised in the near future. If you ARE going to accept the counter offer, make damn sure itβs at least a 20% increase on your current salary, because thatβs the minimum it will cost to replace you.
5)Β Β Β Β Β Β SelfΒ BeliefΒ – Always back yourself. Your actions define you, and you handed in your notice for a reason. You have taken the initiative, donβt now surrender it. Smile, thank your manager, but stick to your guns. They will only respect you for it, and who knows β perhaps one day youβll return.
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