Why you should not accept counter offers!
If you have previously applied for a new job opportunity and survived the entire recruitment process (which can be lengthy) and you were awarded the job, then you must be doing something right!
Suddenly after handing in your resignation, you receive a counter offer from your current employer. This might create somewhat of a catch 22 situation on your behalf, especially because pay to stay is often very attractive.
So, what will you do?
YOU HAVE CHOICES: Accept the counter offer? Or leave for a fresh start?
This kind of dilemma often arises when highly skilled professionals move from one job to another, it is however important to weigh your options accordingly (Quast, 2017).
The key question to consider is whether or not a new job honestly solves your problem before resigning.
If you felt you were underpaid, you would have asked your boss for a raise. (You didn’t get one and they managed to justify it!)
If you were bored in your job and wanted more challenging work, you would have discussed this with your manager and asked for more challenging projects or tasks.
Ask yourself if you weren’t valuable enough to be given a raise before, why would your boss be willing to give you more money now?
It is not because you have become a more valuable employee; your manager simply does not want to deal with the work disruption your resignation could create. Recruitment and training is a costly irritation for employers who will suddenly do everything they can to keep you. They may offer large sums of money or increased benefits, titles and promises for the future which can be attractive and tempting to accept.
Don’t let your ego flatter you and cloud your judgment or cause you to make a bad decision.
You already did your homework, so feel secure about the process you went through to seek a different job. You have a good offer from them and they want you in their business. You do not want to waste your time and possibly cause reputable damage within your industry by wasting other organisations time.
It is furthermore important to consider that when your Manager knows you are disengaged (by resigning and wanting to move to another job), then they will regard you as a ‘problem employee’. According to Quast (2017), many people who accept counter offers have left their employment within six months. This happens either because their employers arrange a replacement in their own time, or because the real reasons for wanting to change your job in the first place, have not gone away.
Reasons why you should never accept a Counter Offer
- Counter offers rarely change the factors that drove you to look for a new job in the first place
- Ask yourself what type of a company do you work for if you have to threaten to resign before they give you what you’re worth?
- Consider where the money is suddenly coming from? Is it your next pay rise early?
- A blow to your personal pride, knowing you were ‘bought’
- Jeopardises your current role and your commitment with your current employer will always be in question
- Jeopardises possible promotion opportunities with your current employer as your commitment and loyalty will always be questioned
- Statistics show that if you accept a counter offer, there is a ninety percent chance you will be out of the job within six months
- When restructuring, your employer will begin the cutbacks with you
- Know what is best for you, keep your integrity in shape and be your word. When you resign, it’s for real!