Congratulations, you’ve just accepted the offer for an exciting new job! Starting a new role is exciting but can be daunting too. It can be sad to leave your current workplace and leave old friends behind - and how will your current boss react when you resign?
When you do hand in your notice, there is a realistic chance that you will receive a counter offer from the company you're looking to leave.
The pros and cons of accepting counter offers:
If you are a valuable member of the team, your boss and your company won’t want to see you walk out the door, especially to the competition. They will make every attempt to convince you to stay, either by:
Being made an attractive counter offer is instantly good for your ego, but you must take a number of things into consideration before saying “thanks” or “no thanks”:
Despite what your employer is saying to you, they will probably now consider you a risk and may make contingency plans without your knowledge. You may not be seen as a true member of the team and may even be overlooked for promotions.
The counter-offer could simply be an interim tactic from your employer to bridge a gap whilst they look to replace you.
Research and surveys have been completed over the years to measure what happens to employees who accept counter-offers. Some research suggests that only 6 out of 100 employees are still with their company after 12 months and 89% leave within the first 6 months. With further investigations, two important points become apparent:
Before accepting a counter offer, ask yourself why your employer has made the offer. There is a strong possibility that the cons will outweigh the pros and you will realise that your decision to resign was right after all.
We are happy to talk to discuss or guide you if you need advice on what to do! Call us and we can help navigate your options.
Sources and further reading:
Browse our live vacancies here. Alternatively, fill out the form below to submit your CV or arrange a call with us to see what options may be available to you!