Dismissing A Counter Offer
As I type this we are probably heading full pelt into a global recession courtesy of Covid 19.
But the wheels of industry will carry on turning and as we emerge candidates will find new jobs and those who are seen as valuable to their organisations at the time will be counter offered.
Here’s why you should stick to your guns and dismiss a counter offer.
When you decided to move what type of company do you work for if you have to threaten to resign before they give you the true market value for your skills and experience.
Where is the money for the counter offer coming from is it just your next salary raise early?
Your company will start looking for your replacement at a lower salary immediately as they will not want to be broadsided again anytime soon and the wheels are already in motion to replace you at a time of their choosing as you have made your company aware that you are unhappy and from this day you are seen as disloyal.
When promotion opportunities arise, your company will remember who was loyal and who wasn’t – similarly any redundancies / cutbacks will start with you as you are now more expensive.
Your reasons for leaving that have caused you to look for a change will repeat themselves again in the future, even if you accept a counter offer. More money will not solve having to put your career on hold.
From my near 30 years recruitment experience I know that if you accept a counter offer, the probability of you leaving or being asked to leave within 6-12 months is extremely high. 80% of people who accept counter offers are gone in 6 months. 50% who accept counter offers reinitiate their job search within 90 days! We always go back to the candidates company and get his job on as we know he will still leave even if not to the job we found for him.
Finally – accepting a counter offer is an insult to your intelligence and personal pride, because you know you have been bought.
Remember – Just as there are reasons for leaving your current company , you have seen significant opportunities at your new company or you wouldn’t have accepted the offer…
Go on take the new job – start a new chapter in your life.