So you have gone through the process of entertaining a conversation with a head hunter, putting your CV out there in the market or applying directly for an exciting new opportunity. You’ve had a hugely successful interview process and have now secured yourself the perfect role. You’re no doubt feeling pretty pleased and are now contemplating how to approach your current employer to hand in your resignation…
But what would you do if they presented you with a counter offer?
Maybe your current employer is reluctant to see you go. They try to do everything they can to keep you and therefore they give a counter offer. Maybe they offer better pay, more benefits or a new internal opportunity.
I would suggest asking yourself the following questions before making a decision:
Ask yourself honestly why you started to look for another role and why the one you have been offered appealed to you. Do the positives of the new opportunity outweigh the negatives of your current role, if they do, then you have made your decision.
If not, and you are tempted by a counter offer, you should consider the following before making that all important decision:
- Does the counter offer address the reasons why you wanted to leave in the first place?
80% of those people who elected to accept a Counter Offer and stayed are no longer with their company six months later. This is because the thoughts and issues that you endured when you first started your search have not been addressed and nothing has changed.
- If you have been offered a pay rise, why did it take you resigning for your employer to offer you more money?
Have you suddenly become more valuable now that you have resigned? Unfortunately not! This should make you wonder why when you have been doing an exceptional job, putting in extra hours, going above and beyond what is expected of you , yet all of this has not been enough to warrant the financial recognition you deserve, whether that be market rate or beyond.
- How will your current company view you if you choose to stay?
In the eyes of the business you are now a high risk employee – you have threatened to quit once and there will undoubtedly be concerns that you will again. You have already highlighted that you are not happy and therefore they are likely to keep an eye out or even possibly search for your replacement.
- If you decline an offer from your prospective company, how will they view this?
You will struggle to get that new employer to ever consider you again. If you go all the way through their hiring process only to accept a counter offer from your current employer, they will be wary of considering you in the future. If it is a company that you would like to work with, you may be shutting a door that you would rather keep open.
As part of Morpheus’ Executive Search team I represent high calibre candidates. Organisations are desperate to retain their ‘high-flyers’; therefore counter offers are something we come to anticipate. It is part of our role to guide candidates through the concern and confusion which counter offers cause, and to remind them that it is often only a short-time solution to a long term-issue.