After you’ve spent so much time searching, applying and interviewing for a new position, what could stop you from accepting when it’s offered to you? The counter offer could. Your current employer will often try to convince you to stay with the organization by offering promises of the same or increased salary of your new position or will make you promises of change in order to make you re-think your resignation. Suddenly, you’re faced with a decision: do you take the new position, or accept your current organization’s counter offer?
Employers will often revert to a counter offer as a last resort in hopes that you will remain with the organization. Although you may truly be a major asset to the organization, employers are usually more concerned at the thought of having to actively search for a replacement while also shouldering the burden of your daily job duties. Because of this, organizations will usually be willing to match or exceed your new salary offer. This is usually the case because employers quickly realize that increasing your pay would cost the company less resources than having to conduct a full search for a replacement.
Your current employer may also commit to change the things that made you originally contemplate leaving. This is usually a lofty promise and it is difficult to fully believe an entire organization will change its entire culture or method of operating in an effort to keep you.
A salary increase and promise of change may seem like legitimate reasons to stay on the surface, but there are a few major points you have to consider when evaluating a counter offer.
–Why did you start looking in the first place?
You first need to determine what aspects of your current organization made you unhappy enough to look for a new position. If you’ve already gotten another job offer it’s obvious there were legitimate reasons for spending your time searching and interviewing.
-Will you lose your employer’s trust?
Even if you decide to stay, it may be hard for your employer to put their full trust in you. The company already knows you were close to leaving before and may be afraid it could happen again in the near future.
Deciding if you should take a counter offer is a major decision that can significantly impact your career going forward. Download our free whitepaper to learn other important factors you need to be aware of when considering a counter offer.