Well, you finally bit the bullet and handed your notice in. It’s getting more and more common for employers to simply view this as a negotiating tactic and then start trying to woo you back. In my experience, counter-offers are often counter-productive and there are many good reasons why you should step away.
- Your current employer has been paying you less than they had to before you resigned. Do you really want to work for a company where you have to resign before they give you what you are worth?
- Where is the money for the counter-offer coming from? Is it from your next pay rise or maybe out of your bonus? (Most companies have strict wage and salary guidelines, which must be followed).
- It is possible that your company will immediately start looking for a new person at a lower salary cost, which places your position at risk.
- You have made your employer aware that you are unhappy and want to leave the company. From this day on, your loyalty will always be in question and you risk losing the trust you had developed with your manager up to that point.
- When promotion time comes around, your employer will remember who was loyal, and who wasn't. Those who threatened to leave may be passed over for advancement.
- When times get tough and your employer needs to reduce the number of staff, your employer will be more likely begin the cutback with you, especially now that you are a higher financial cost to the company.
- The same circumstances that now cause you to consider leaving will repeat themselves in the future, even if you accept a counter-offer. Most motivations to leave are not financial and promises to change these factors inevitably are not met.
- Statistics show that if you accept a counter-offer, the probability of you leaving within six months, or being let go within one year is extremely high.
Do you agree or have you successfully accepted a counter-offer which improved your position? I’d love to hear more below.
"Completely agree and have never done so because I felt this to be the case!" - Sarah
"I agree 100%. Thanks for the insight." - Stan