You get an offer for a new job. You consider the consequences for your family, coworkers, and yourself. You sway in one direction and then the other. Finally, you make the decision to quit from your current position and accept a job offer from a new company that offers better compensation and opportunities for advancement.
However, your boss puts a spanner in the works by making an appealing counteroffer. Even your manager who you don’t see very often, urges you to reconsider. You’re flattered, but also perplexed. It’s easy to stick to what you know. Is it better to stay or should you leave?
In the job market, the rules of supply and demand frequently produce a natural order. If your creative or marketing position is in high demand, you’ll have your pick of organizations looking for employees with your skills. When you combine it with a small pool of eligible applicants, you’ve got the perfect recipe for growing wages. While this may put you in a good position in terms of job opportunities, it may also leave you in a difficult position when it comes to counteroffers. So consider these possible reasons to help you make your decision.
It’s possible that your working relationship with your boss will change. Your manager is only concerned about the short term when you give a two-week notice or quit from a job. They require the services you provide. It will take time and effort to replace you, and the team will suffer as a result. As a result, they’re panicking and focusing on the immediate problem. And as a result, they’ll go to great lengths to keep you there! They may not be thinking long-term, and they won’t be as concerned about your future with the company after you’ve demonstrated that you’re going to depart.
After then, things might swiftly shift. They aren’t going to forget what happened. The fact that they’re striving to meet their immediate wants doesn’t indicate they’ll value you or treat you properly in the coming months and years.
If you accept a counteroffer, the recruiting manager whose offer you turned down will keep track of how many hours he wasted during the hiring process, as well as how much time and money he lost on the project you were supposed to work on. Accepting the counteroffer will fully sever your ties with him and his company, as well as any future employers he may work for. You’re not just shutting one door; you’re shutting a bunch of them.
When news comes out about your counteroffer, any relationship capital you built in your current employment is likely to vanish – or at least reduce (and word always gets out). They’ll know you’re looking, just like your boss, and they’ll assume you’re not serious. They’ll also know that keeping you means a raise, a better title, or a variety of other benefits. They’ll resent it, and they’ll lose faith in you as a colleague or manager as a result.
Aside from the pay, there are generally additional reasons for leaving. If you were job hunting, there were undoubtedly some aspects of your current employment that you wished to leave behind. The majority of people do not take or leave occupations only on the basis of pay. So, while accepting that counter offer for the instant wage raise may be enticing, you’ll be right back in the predicament you were attempting to escape. After a few weeks on the job, you’ll begin to recall all of the minor irritations that drove you insane and triggered your job hunt in the first place, and you’ll find yourself stranded.
But if you are going ahead, tell your existing employer the truth. If you’re being solicited by other companies, let your manager know. This is an opportunity for your current company to be proactive. It also starts a debate about your job satisfaction and what you need to stay satisfied at work, more demanding assignments or more autonomy, for example. Make sure you approach the subject with sensitivity and reiterate that, given the current hiring market, it may be time to re-evaluate wages and benefits.
Make a list of things you really must have. If you’re happy with your current employment but want to leave for a better opportunity, write down what you’d need to do so. Perhaps it’s a considerably shorter commute or the chance to work in a field you’re interested in. When chances knock, knowing what’s most important will keep you anchored.
And whatever you do, don’t burn bridges. The world is small and there is no telling when your paths will cross again.
Check out my related post: How to compare job offers that you have?