Changing jobs is massive upheaval in your personal life. It’s exciting, it’s challenging and let’s face it, a little scary. Stepping out into the unknown and walking into a new job can be daunting and handing in your resignation letter to your boss can be nerve wrecking.
But what if you could stay where you are? What if your boss suddenly gave you that raise you were looking for? Or that flexitime you were always asking for? It may seem like a no brainer, stay where you are with the added benefits on top. But you have just been counter offered and here’s why it may not be a good thing in the long run.
- Damages Relationships
- Value of yourself
- Leaving anyway
The most obvious one is the relationship you have with your current boss. This is obviously case by case basis but in general bosses don’t like it when their employees’ hand in their notice. There will always be a nugget in their brain, questioning your loyalty. If you tried to leave once, what’s to stop you from going again? Secondly is the relationship you have with your colleagues; you may not be considered as one of “them” and more like an outsider. And lastly your relationship with your recruiter. If you have been working with a recruiter, and you accepted their client’s offer only to turn it down because your own boss made an offer. It leaves a sour taste in their mouth and they are less likely to call you for that fantastic opportunity later on.
Value of yourself
You got that five-grand increase? Congratulations! You scored that promotion that you have been promised for two years? Even better! Flexitime too? Who wouldn’t like that? But when your manager is offering this to you, maybe it would be worth asking yourself, why wait until you were poised to leave did they offer this? Did they not value your contribution for them while you were working for them with no threat of you leaving? Some things for you to really think about.
Statistics vary but the general consensus is that 80% of you who accept counteroffers will leave within 6 months. 90% of people who accept counteroffers leave within twelve months. Reasons vary but it basically boiled down to one thing. You accepted the offer for the new job for a reason, or maybe for several, and after the glow of feeling great for getting a counteroffer, those reasons will rear their ugly heads again.
You are never obliged to accept an offer, however if you accept the offer, do be aware of the consequences of accepting a counteroffer.
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