Statistics show that nine out of ten people who accept counter offers have left their employment within six months, 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. While the practice earns little respect, most companies admit to using counteroffers from time to time as a retention tool.
What will the boss say to keep you in the nest? Are these comments common to you?
- “I’m really shocked. I thought you were as happy with us as we are with you. Let’s discuss it before you make your final decision.”
- “Aw gee. I’ve been meaning to tell you about the great plans we have for you, but it’s been confidential until now.”
- “The VP has you in mind for some exciting and expanding responsibilities.”
- “Your raise was scheduled to go into effect next quarter, but we’ll make it effective immediately.”
- “You’re going to work for who?”
- “How can you do this in the middle of a major project? We were really counting on you.” (Just a stall tactic)
Come meet Brainspotting recruitment consultant to discuss about the job market evolution and how you can handle counter offers. Here are some reasons for Not Accepting a Counter Offer. What’s your experience on this? Do you know other?
- You have now made your employer aware that you are unhappy. From this day on your commitment will always be in question.
- When promotion time comes around, your employer will remember who is loyal and who isn’t.
- When times get tough, your employer will begin the cutbacks with you.
- When your employer replaces you after six months and ‘lets you go’, it’ll be harder to turn them around than it was for them to turn you around.
- Accepting a counter offer is an insult to your intelligence. You didn’t know what was best for you.
- Accepting a counter offer is a blow to your personal pride, knowing you were ‘bought’.
- Accepting a counter offer rarely changes the factors that drove you to look for a new job in the first place.
- Where is the money for the counter offer coming from? Is it your next pay rise early?
- What type of a company do you work for if you have to threaten to resign before they give you what you’re worth?
- Why didn’t they pay you that before? It was because they didn’t think you were worth it.
- Why are they paying it to you now? It’s because it’s easier and cheaper for them to keep you for the time being, while they sort the problem out.
In the end, you are not receiving a counter offer just because you’ve suddenly become a more valuable employee. It is because your manager doesn’t want to deal with the work disruption your departure could create.
Don’t waiver on your decision to change jobs. You took the time to identify your reasons for leaving. You worked to fix all the issues that were within your control. There were issues that weren’t fixable and these were your deal-breakers. Because you couldn’t change the deal-breakers, you found a new job that was a better match to your career goals and aspirations. Don’t let your ego or feeling flattered that you’re being offered more money 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.
Want to discuss more on this? Our consultants will be there for you, so let’s meet!