Has this happened to you? You’ve got a solid new job offer in your hand, and you head in to give your two weeks notice. Then, your manager presents you with a counteroffer in an effort to get you to stay, and you aren’t sure what to do.
While receiving a counter offer seems like an excellent outcome on the surface, it isn’t always all it’s cracked up to be. In fact, accepting counteroffers rarely works out in the end. If you are in this situation, here’s what you need to consider.
Is It Really About the Money?
Generally, a counteroffer includes a pay raise. But, the biggest point you need to consider is whether you were driven to find a new job simply because you felt underpaid.
Often, a person looks for a new position because of more than just money. Maybe you were bored with your day to day or frustrated that you weren’t offered a promotion. Regardless of the issues, merely being offered a raise isn’t likely going to change the other aspects of the role that you had become disenchanted with, so your situation probably won’t turn into something that will suddenly leave you satisfied.
If something other than your pay led you to find a new job, then accepting a counteroffer isn’t always the best idea.
Are You Ready to Burn a Bridge?
Typically, you’ll only be presented with a counteroffer after you’ve accepted a position with a new employer. That means you have told another hiring manager or company that you want the job, and even arranged a start date.
Accepting a counter offer means telling your prospective employer that you changed your mind, and that doesn’t always result in a great impression. If you later decide that you want to leave your current organization, the company you left in the lurch might not be inclined to make you another offer, fearing you’ll change your mind again.
Ultimately, telling a prospective employer that you changed your mind after accepting the position isn’t going to reflect positively on you, so you may be burning a bridge by taking the counteroffer.
Does it Harm Your Reputation?
At this point, your manager knows that you were interested in leaving, so, if you accept a counteroffer and times later get lean, you may be the first person to be let go.
By giving your notice, even if you rescind it, you’ve declared that you are satisfied to at least some degree. Your manager may question your dedication to the company from that point forward, making it easier to sacrifice you if cutbacks are required down the road.
In the end, accepting a counteroffer creates a lot of risks, and few people who do decide to remain with their current company are still there over the long-term. Even if the counter offer is strong, examine the points above and determine if you are willing to be in those positions. If the answer is no, then don’t be afraid to continue forward with the prospective employer. You’ll likely be glad that you did.
If you are interested in securing a new job, the professionals at Career Options can connect you with top employers in the area. Contact us today to see how our services can benefit your career.