Counter Offers

So you are planning to resign, but have you considered the possibility of a ‘counter offer’.

This is when, having handed in your notice, your employer decides to offer you a more attractive salary or overall job package in order to persuade you to stay.

An employer will make a Counter Offer for a number of reasons, which may include:

  • They value your work and don’t want to loose you
  • Recruiting a replacement costs the business time and money
  • There are strategic plans afoot which they can’t reveal, but see you as a key player in.

So you might find yourself in a bargaining position, but you need to ask yourself some important questions:

  • Why has it taken my resignation to see a better offer on the table?
  • Is it a tangible offer from my current employer, or just promises of more money and/or a better job sometime in the future?
  • Is it an offer of more money for the same job, or a better job?
  • Was I leaving for a better job, or just more money?
  • If your resignation was all about working conditions, are these likely to change, and are they any better at your new employer?

So, don’t be flattered by the sudden attention you are receiving, and don’t feel guilty about the impact on your existing employer or colleagues.

Think the situation through carefully before responding to a counter offer, discuss it with your friends and family who may offer a more objective viewpoint.

Don’t be pressured by your existing employer to make a quick decision.

Once you have made a decision, stick to it and handle the situation in a professional and courteous way for the benefit of all parties concerned.

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