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Why Counter Offers Rarely Work Out

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Do you stick with what you know or take a chance on something new? Written by TMS Talent

Job hunting can be a stressful and tiring task and not something people do every day. Therefore, the reason you are job hunting is because there is an element of your current role you are not happy with, which could be one or more of the following:

• Working hours

• Company culture

• Management

• Lack of progression

• Salary

• Location

Once you’ve found your next dream job, you could be faced with the prospect of a counter offer when you hand in your resignation, so be prepared.

What you are thinking – ‘Wow, they must really value my work and realise my potential’

What your manager is most likely thinking – ‘I don’t have time or the resources to look for new staff right now’

 

If you are faced with this dilemma, ask yourself these 2 questions:

• Does it solve the reason as to why you were leaving in the first place

• Why has it taken your resignation for them to make a change

 

When presented with a counter offer, you may feel very flattered, believing they have realised what they are losing. However, this is generally not the case. Finding a replacement is costly and time consuming for a business, therefore the easiest and most cost effective solution is to keep you.

Statistic shows that 90% of people who accept counter offers, leave within 6 months.

A counter offer doesn’t necessarily mean a pay rise, it could be an addition of duties and extra responsibilities or a promise of change. You’ll hear a lot of buzz words, but do they actually have these plans in place or is it just a tact to keep you? Ask your employer direct questions about what this ‘new role’ entails or what exactly your responsibilities will be. If you aren’t able to get any definitive answers, I think you have your answer.

Even if you are presented with a great pay increase, will you be missing out on a great new opportunity that can offer you more in the long run, not just in terms of salary.

Before making a decision, look at the bigger picture and what you want your role to look like a couple of months down the line….