Job Advice

The Counteroffer

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July 28, 2010

As the economy is slowly improving, the Indianapolis staffing industry is picking up and we’re seeing more companies hiring and more candidates interviewing every day.  More interviews equate to more offers, which means more and more people are making that long walk to their boss’s office to have the dreaded “I’m Leaving” conversation.  For some people, it’s an open and shut conversation.  You give your notice, your boss accepts, and you figure out your last day.  For others, it’s more complicated.  Just when you think your conversation is over, your boss asks you “what would it take for you to stay here?”.  A counteroffer has been presented!  Your boss comes back with an attractive offer to stay and now you’re thinking to yourself “what should I do?”Do you accept the counter?  Or should you stick to your guns and let your boss know that your decision to leave has been made.

Here are a few things to think about if you happen to land yourself in this situation.

  1. Question how much the company actually values what you do. Would they have made the counteroffer if you were not leaving?
  2. Will your company start looking for a new person at a lower salary price now that they know you are not loyal?
  3. Most likely, your future loyalty to the company will be in question.
  4. When promotion time comes around, will your boss hold anything against you?  Will your counterpart be promoted over you because they’re not sure of your longevity?
  5. When times get tough, your employer may begin the cutback with you.
  6. The same circumstances that now cause you to consider a change will repeat themselves in the future, even if you accept a counteroffer.
  7. Statistics show that if you accept a counteroffer, the probability of voluntarily leaving in six months or being let go within one year is extremely high.
  8. Once the word gets out, the relationship that you now enjoy with your co-workers may never be the same. You may lose the personal satisfaction of peer group acceptance.

Every company is different, and there are times when a counteroffer does result in a happy employee and a happy employer.  Make sure that if you decide to stay, you’re staying for the right reasons!
Click here to read a great article on counteroffers.

Have you experienced a counteroffer?  We’d love to hear your story!