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Should you accept a Counter Offer?

Should you accept a Counter Offer?

14 Aug 08:00 by TMS Talent

Counter offer wording with tug of war

Having two companies bidding for your employment is certainly a boost to the ego! However, don’t get too caught up in the excitement of it all just yet. Whilst certainly a compliment to your great work ethic, it is unfortunate that it took your resignation for your current employer to acknowledge the value you bring to the business.

Statistically, 46% of people who accept a counter offer will end up leaving within the year. 80% report that their relationships with co-workers deteriorated after accepting a counter offer and staying on within the business.

With these statistics in mind, it is worth reflecting on the real reasons you were looking for a new job in the first place. If it was purely for a salary increase, then perfect – mission accomplished! Although, if you were just seeking a pay rise, wouldn’t you have approached management before starting your job search?

If your motivation to find a new job was more than monetary, then you need to genuinely consider if these reasons for leaving will still exist if you accept the counter offer and stay on with your current employer.

If the answer is yes, then it’s time to move on! If you are unable to get a solid commitment from your current employer that things will change, that they will address your concerns and develop a long-term growth plan for you, then it’s definitely time for a new opportunity!

Keep things professional and thank your employer for the opportunity, leaving on a positive note is important in a niche industry.

 

If you’ve been presented with a counter offer and are unsure how to proceed contact our team for some confidential career advice.

 

Author - Kristi Gomm