Trending Now: Should You Take a Counter-Offer?
Imagine this: You have not been feeling satisfied in your current job position and decide to look for new opportunities. Your secret job search lands you a great role at a different organization. Now, you just have to resign from your current job. So you attempt to do just that. But, then your boss offers you a higher salary… if you stay.
You essentially have two options: you can either take the counter-offer or say: “No, thank you.”
Accepting the Counter-Offer
If you do decide to accept the offer, it may work out well. After all, you will be getting more money. Plus, since you were dissatisfied earlier, your boss might even give you a different role to test out. Who knows?
If you take the counter-offer with the additional money and the potential new responsibilities, it is possible for you to come to enjoy the new role. Furthermore, the different position could potentially progress your career. Then, in no time at all, your attempt to quit will hopefully become a thing of the past.
Consequences of Accepting the Counter-Offer
The Honeymoon Lasts for Less than a Year
But, more often than not, there are consequences when you take a counter-offer. If you take a counter-offer, typically, research demonstrates that the average employee works with his or her boss for less than a year after taking a counteroffer. If there is fundamental unhappiness at work and those problems are not solved, which they typically are not, then the additional money of the counter-offer does not matter.
Tarnished Employee Reputation and Peer Jealousy
Moreover, if you accept a counter-offer, your reputation within the company can get tarnished. Your boss probably will not trust you as much. After all, the deal keeping you tied to this company is based mainly on the amount of money you will be receiving. This type of arrangement is not the kind of relationship that an employee and employer should be having. Additionally, if your coworkers in the organization hear about the agreement, they might feel jealous. They might wonder why you receive more money now just because you wanted to quit.
Can You Avoid the Counter-Offer Dilemma?
A counter-offer situation can be avoided entirely. It is very important that before you look for a new job, you need to analyze why you are unhappy with your current one. If you have identified the issues that are causing you to be dissatisfied, it is important that you address them before making the move to quit. For example, if you feel like you are not receiving enough compensation, you could ask your employer for a raise. In addition to salary concerns, some other common problems causing employees to seek new employment are:
-A time-consuming commute
If you feel uninterested in your work, you could consult your manager. Likely, he or she would be happy to give you challenging assignments that attempt to expand and deepen your work exposure. As for a hard commute, these days some employers are willing to consider flexible hours and the ability to work from home a few days every week to assist in achieving a work-life balance for a valued employee.
Unfortunately, most employees do not have these conversations with their employers. They feel that if they bring such topics up, they won’t like their boss’s response. But, if you have consistently performed well with a good attitude, likely, your requests will be met positively. As you might imagine, if you confront the work issues ahead of time, you will have the opportunity to create changes that may make you happier in your current work environment. Indeed, by giving your employer the chance to assist you in your work life, your relationship can develop into a much stronger one. Then, if your boss does not agree, you know that it is the prime opportunity for you to search for another position; and if a good offer comes along, accept it.
Resigning at the Right Time
Keeping all of this in mind, when you do hand in your resignation finally, you will be positive that the new opportunity will be much more fulfilling. You will have researched and advised and worked with your employer. With this additional information, you will be sure about your decision – such that any counteroffer should never change your mind. In other words, if you know in your heart that a higher salary would convince you to stay, you have researched enough and you have not found your next “perfect” position.
In conclusion, before engaging in a job search, try to identify all the issues that are leading to your overall job dissatisfaction. Once you have done so, try to fix them. After some time and a concerted effort, if there is no way to resolve those problems, you know that your only option is to pursue alternative employment. Those problems were the deal-breakers and were the reason you kept an eye out for new job opportunities in the first place. And, as a result, after you’ve interviewed and you have that new perfect job, a counter-offer most likely will not sway you even with the new employer “enticements.”
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Are you struggling with making a decision on a counter-offer? Would you like some help in working through that process? If so, contact a Careers Consultant with Lexacount Search’s Career Consulting Services. If you are a candidate and would like assistance with your job search strategy, contact a Career Counselor with Lexacount Search’s Career Consulting Services. Or, if you are seeking a new finance/accounting position, contact a Search Consultant from Lexacount Search’s Finance Group. Or, if you are seeking a position as a lawyer or legal assistant, contact a Search Consultant from Lexacount Search’s Legal Group.