So, you just resigned. You feel the time has come for you to move on in your career, and have accepted an advantageous job offer at a new company. Congratulations!
Leave one job; start another. Pretty easy, right?
Chances are, at one point in your career, you’ll be faced with a tough decision: The Counter Offer.
Hey, you’re a valued employee. Your boss wants to keep the top talent on-board! They’ll even dole out generous raises, promotions, a creatively tailored benefits package. You start to second-guess your decision, rationalizing the poor offerings that made you look elsewhere in the first place. And the comfort of sticking with the devil you know rather than pushing through the discomfort of getting to know the devil you don’t can be extremely enticing. It might even seem impossible to say no.
But research shows that 85% of employees who accept a counter offer are gone within six months. Keep in mind the reasons below when faced with this hard choice:
1. You are delaying the inevitable. There are reasons that you are looking for a new position. Accepting a counter offer does not eliminate the dissatisfaction that you have been feeling.
2. Money isn’t everything. Often, the lure of a salary bump can cloud your judgment. Once this fades, the same issues will still be there. Keep this in mind in advance.
3. The trust has been broken. Once your employer knows that you have been looking, the trust has been broken. This can cause an uncomfortable work environment.
4. Burning bridges. Keep in mind that if you accept a counter, you are putting the company who extended the offer in a compromising position. They have to start their search over and could have negative feelings towards you.
5. Prepare for a drought. Do not expect another raise for a very long time. Also be prepared to be reminded about your salary increase, on a constant basis.
Check out the complete Counter Offer Tip Sheet for more advice on what to do in this tricky situation.