You have spent all of your spare time looking for a new job. Now you have finally found one that suits your career goals, salary and is a better situation overall. So now you think it is time to hand in your notice which should be easy right.
But when you give your notice your current employer says that they will match or better your new salary. Now what do you do?
Before you jump at the counter offer think about it first. Think why your current employer is offering you more money when yesterday it wasn’t on offer. Accepting a counter offer is not always the best solution.
Here are some reasons not to take the offer:
- You had to resign to get a pay rise – Suddenly you become more valuable when you give notice. What kind of company are you working for if you have to threaten to leave to get a pay rise?
- Where is the money for the pay rise coming from – Is it your next pay rise early? A small salary increase is an insult when you think of how much it will cost the company to replace you.
- Things won’t change – Your frustration and dissatisfaction that led you to seek a new job will remain and it’s unlikely the pay rise will make the job more tolerable or easier. Whatever turned you off prior to the new offer will continue to be irritating down the track.
- There will be no job security – Your employer may have fought for you when you were quitting. However when it comes to cutting staff be sure you will be at the top of the list. Your employer wanted you to stay for their benefit, not yours. The counter offer is nothing but a stall tactic to give the company time to find your replacement.
- You will always be considered a flight risk – Once you have threatened your disloyalty to the company your status as a team player will be threatened and they will always consider you a flight risk.
- There could be friction with your co-workers – Accepting a counter offer may cause friction between you and your co-workers and will affect the morale in your work environment.
- Accepting a counter offer is a bribe– When you accept a counter offer this is a bribe and a blow to your personal pride. By accepting the offer will burns bridges and shows the other company, the recruiter and ultimately all 3 parties that you can be bought.
- Your next promotion is non-existent – When it comes to promotion time your employer will remember who was loyal and who was not, which will result in you missing out.
- Well managed companies do not make counter offers – The reason they don’t make counter offers is because they have policies that are fair, equitable and are based on market conditions.
- You’ve already accepted an offer – What about the new job you have already accepted? By hiring you the new employer has already demonstrated a belief that you are valuable and you haven’t even had your first day yet.
You need to think very carefully and go over the above facts before making a decision. Look at the reasons why you are leaving your current job, the reason you accepted the offer and your overall career objective. By accepting the wrong offer could potentially cost you your career growth and money. When it comes down to it usually the answer to accepting a counter offer is no.