Mar24

Should You Accept a Counteroffer?

Taking a counteroffer from your current employer can jeopardize your job. Considered at face value, a counteroffer seems like a compliment. You might think, “Hey, these top management people really value me!”. When in reality, it’s a little bit of an insult to your career in general.

If you’ve been so important for many years, why would they hold back until you’re planning to quit to pay what you’re really worth? And where’s the amount of money for the “offer” originating from? Could it be your next increase paid earlier?

It seems that a nice-looking counteroffer is a normal practice presently. Especially since the struggle for management expertise intensifies, businesses are attempting to poach high-performance specialists from other companies or their competitors in groups. Simultaneously, they’re also paying out a lot of money to keep their very best individuals as part of an employee retention strategy.

Let’s check out what’s actually happening right here. Your employer will give you extra money to stay when you gave them your resignation letter. You could possibly think that as an authentic intention to keep you stay in your present company, but could it be true? Have you ever thought that at the same time, your employer probably is considering exactly where he’s likely to find a person to replace you and ensure all business agendas are protected while that new replacement is in training?

Despite the fact that they’ve sweetened the offer, remember that they are probably creating a counteroffer far more for their advantage than your own. Why would they hold back until you plan to resign, to provide what you’re truly worth for them? They could be creating a counteroffer simply to reap the benefits of you, until finally they discover a less expensive or “much more committed” replacement.

Moreover, if there is no potential candidate identified to replace you, where do you think that your name will likely be listed for promotions? Not towards the top because you have already been tagged untrustworthy, disloyal, or unsatisfied. Your odds of career improvement will vanish. Regardless of what the organization claims when coming up with its counteroffer, you’ll always be regarded as a risk. Also, when situations get difficult for your company, they will start to cut back with you.

You may even be be subject to critique from your colleagues. Having once shown your lack of loyalty (for whatever reasons), you’ll drop your reputation as being a “team player” as well as your place in the internal group of friends.

Think about this, when it’s all said and done, exactly the same conditions that now lead you to think about a career change will recurring on their own later on, even though you take a counteroffer now. You better think again about the reason why you started searching for the next career opportunity in the beginning.

To be honest, counter-offers provides a chance for employee to express problems or issues regarding his/her career with their current employer. When you’re hired for yet another job at other company, do consider this: What exactly are the pros and cons of my present position? When the negatives outnumber the positives, you have got to make a career move. On the other hand, you might come to a decision you really like your position, apart from a few issues, whereby it’s time to have open, truthful discussion together with your boss — before you decide to make a move.

Because as soon as you’ve made it clear that you would like to make a move, your commitment come in question. Your employer could be setting up a counteroffer simply to take full advantage of you, until eventually they find a cheaper or “a lot more committed” replacement. Because of this, most career experts truly agree that it’s a bad idea to simply accept a counteroffer from your current employer.

In order to avoid a counteroffer, be mindful everything you say about why you’re resigning. For instance, stay away from expressing something such as “I’m resigning since I want more income.”

Needless to say, rejecting a counteroffer with courtesy and grace is a great idea, to prevent negative reactions that may harm your personal references in the future. But, steer clear of showing resignation regret, as that may provide your employer a slight chance to force you to definitely stay.

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