When you hand in your resignation, your boss may present you with a counter offer. A counter offer is usually a revised offer to your initial job offer, and may appear to be better. It may include a higher salary, a slightly better position, or more room for growth within the company. While this may all seem very appealing, you should think very carefully before accepting it.
In fact, we’d strongly recommend that you decline any counter offers, as it could very easily stifle your career. Research has shown that those who do not accept counter offers are often more successful as a result of personal growth, job satisfaction and promotions.
Here are some reasons not to accept counter offers:
- Once you have resigned, you have now made your employer aware that you are unhappy, and your relationship with colleagues may become very uncomfortable.
- Working conditions may only improve temporarily, and the same reasons that you resigned will most likely be repeated in the future.
- Accepting a counter offer of a higher salary insults your integrity, because it shows that you were bought back.
- A monetary counter-offer may also be your next salary increase that you are just receiving early.
- You could be ignored for future promotions because your commitment to the company is uncertain.
- If there are staff cutbacks in the future, you could be the first to go.
- If your original reasons for interviewing at the new company still stand, it would be a mistake to pass up the opportunity and return to the previous job that you were unhappy in.
- Good offers from top companies are few and far between. Take the opportunity when you’ve earned it.
Counter Offer Statistics
Here are some interesting statistics that have been tabled internationally about employees who accept counter offers:
- 50-80% of employees voluntarily leave their employer within six months of accepting the counter-offer because of promises that were not kept.
- The other employees who accepted counter-offers involuntarily leave within twelve months of accepting the offer.
- Counter-offers may look appealing, but they drastically decrease your chances of achieving your full career potential.
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