Counter Offers: Do They Merit Consideration?
written by UltraJob
You are one of the fortunate few who have not been downsized. However, your current job isn’t exactly fulfilling. Perhaps it isn’t what you enjoy doing. Maybe the hours are too long. Perhaps you are having some conflicts with your supervisor. Your salary may not be on par with average job salaries for the same type and level of position, or not come close to what you feel you are worth. Whatever the reason(s), you have decided to enter into a job search.
So you begin your search. You work hard and spend quite a bit of time searching for your new job. Your efforts are finally rewarded; you have received an offer. Congratulations! Now comes the hard part. Wait a minute! Did I just say “now comes the hard part”? What am I talking about? The hard part is finding your new job, isn’t it?
If you are employed while searching for a job, you must inform your present employer that you have received an offer of employment elsewhere. When you give notice, two things can happen. Either your present employer will accept, with regret, your decision, or they will do whatever they can to persuade you to stay.
Your present employer probably spent a lot of time and money hiring and then training you. They are accustomed to your work habits and abilities, and know you work in harmony with your peers. You have achieved a number of accomplishments during your tenure there. To find your replacement at this juncture would be costly.
Your company will most likely attempt to retain you with a counter-offer.
A counter-offer represents the company’s monetary sense of what it’s going to take to retain you as an employee. It will be fashioned as an offer difficult to refuse, and include a substantial increase in your compensation along with whatever other perks are deemed necessary to win you back. What should you do?
The answer can be found in the reason you went looking elsewhere in the first place. If you accept the counter-offer, you will make more money, but in every other respect, your situation will remain the same. You need to ask yourself if the added income and perks will let you overcome whatever it was that caused your lack of fulfillment. Temporarily, you may be satiated, but you will most likely reach a point where you eventually seek a new position.
While it may be difficult to turn down a counter-offer, it may be your best option. The sooner you find yourself in a more fulfilling position, the more creative and happier you will be.
So you begin your search. You work hard and spend quite a bit of time searching for your new job. Your efforts are finally rewarded; you have received an offer. Congratulations! Now comes the hard part. Wait a minute! Did I just say “now comes the hard part”? What am I talking about? The hard part is finding your new job, isn’t it?
If you are employed while searching for a job, you must inform your present employer that you have received an offer of employment elsewhere. When you give notice, two things can happen. Either your present employer will accept, with regret, your decision, or they will do whatever they can to persuade you to stay.
Your present employer probably spent a lot of time and money hiring and then training you. They are accustomed to your work habits and abilities, and know you work in harmony with your peers. You have achieved a number of accomplishments during your tenure there. To find your replacement at this juncture would be costly.
Your company will most likely attempt to retain you with a counter-offer.
A counter-offer represents the company’s monetary sense of what it’s going to take to retain you as an employee. It will be fashioned as an offer difficult to refuse, and include a substantial increase in your compensation along with whatever other perks are deemed necessary to win you back. What should you do?
The answer can be found in the reason you went looking elsewhere in the first place. If you accept the counter-offer, you will make more money, but in every other respect, your situation will remain the same. You need to ask yourself if the added income and perks will let you overcome whatever it was that caused your lack of fulfillment. Temporarily, you may be satiated, but you will most likely reach a point where you eventually seek a new position.
While it may be difficult to turn down a counter-offer, it may be your best option. The sooner you find yourself in a more fulfilling position, the more creative and happier you will be.
