Counter Offer
It is a natural instinct to resist change and avoid disruption and your present employer will be no exception.
If you’re doing a good job, he will want to keep you and will attempt to do so with a counter offer. Even though you have accepted a new job elsewhere, he/she will try to convince you that you have made a mistake.
These counteroffers can be made in numerous of ways:
1) “We have plans for you that have been scheduled for implementation the first of next month. I guess it’s my fault for telling you.”
2) “I want to let you in on some confidential information. There is reorganisation developing that will mean a significant promotion you within six months.”
3) “We’ll match your new offer. This raise was supposed to go into effect the first of next quarter anyway, but because of your financial record, we’ll start it on the first of the month.”
4) The President and Vice President want to have dinner with you.
Reasons Companies extend a Counter Offer ?
Department morale suffers when people leave.
Employee resignations do not look good on a manager’s record.
It is cheaper to give you a raise than it would be to recruit a new employee.
The project you were working on will suffer delays because of your departure.
Companies want to have low turnover rate.
Companies do not want sensitive or confidential information going to a competitor.
Companies do not want skilled professionals going to competitors.
What happens when You accept a counter offer ? What is the implications of a Counter Offer
A counter offer can be very flattering, sometimes causing you emotions to obscure your objective decision to leave your present employer. There is also the natural feeling of “buyer’s remorse” – that vague apprehension of change that subtly urges you to reconsider your decision.
When confronted with a counter offer, ask yourself these questions:
I made a decision to leave because I felt another environment better fill my career needs. If I stay, will the situation at my company really improve just because I said I was quitting?
If I decide to stay, will my loyalty be suspect and affect my chance for advancement in the future?
If my loyalty is in question, will I be an early layoff when business slows down?
They are offering me a raise to stay. Is it just my annual review coming early?
The raise they offered to keep me is above their guidelines for this job. Does that mean they are “buying time” until they can find a replacement within their regular salary bracket?
In the final analysis, I got this counteroffer because I resigned, do I have to threaten to quit every time I want to advance with my company in the future?
Aside from money, your original reasons for leaving your job will still be present after accepting a counter offer.
The money extended to you in the counter offer often comes out of your next raise or bonus. Companies usually have strict guidelines about salary increases and promotions.
You will not be considered a loyal employee from here on out, therefore, you will never be included in the inner circle.
When promotion time cones around, managers remember who was loyal and who was not.
If the company hits rough waters, you will be the first to be let go.
You had to threaten to leave in order to receive the rewards and career path you have earned.
writer – Unknown
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