You are feeling disgruntled in your current company, and feel you are not being paid your worth, and so after some deliberation you start hunting for another job. Before you know it, you are made a great offer, with the added advantage of it being a lot more money than what you are currently earning.
You fret, you worry, and you go over and over the pros and cons of accepting the offer. You think about how it’s going to affect you, your family, the company and your coworkers, and finally you make the decision that you are going to accept the offer.
After a few nerve wracking days you pluck up the courage to hand in your resignation. You go into your manager’s office to resign and you walk out feeling relieved as the hard part is over. Then your manager throws a hammer in the works, and the next thing you know you have been made a very attractive counter offer.
Sounds like the ideal situation?
It is very important to remember that while counter offers can work out, you need to keep the following in mind before considering a counter offer.
- What type of company do you work for, that you have to threaten to resign before steps are made to pay you what you are worth?
- You employer will now be aware that you are unhappy, and moving forward your loyalty to the company may be questioned.
- Where is the money coming from? When next there is a promotion or raise you may be overlooked as your employer feels they were coerced into paying you more than they wanted to.
- Reports have shown that the many people who accept a counter offer end up leaving anyway within a year of having accepted the counter offer, as in many cases the reasons for having wanted to leave in the first place have not really changed.
- You may be overlooked for future promotions as the employer feels you are not loyal.
This does not mean that you should always turn down a counter offer and there are always going to be extenuating circumstances where staying would be the right thing to do. However If the main reason that you are leaving your current job is general job dissatisfaction, unless your company is able to address ALL of the issues you are having, it is not going to work out long term.
At the end of the day only you really know your work situation, what is going on in your head and what is going to work for you, but just because your company may have sweetened the deal does not mean that its going to be the right deal for you, so always take ALL factors into consideration before accepting a counter offer.