Beware of the Counter Offer Trap

 

Beware of the Counter Offer Trap

Great News! You’ve just accepted a job offer for a job that gives “what you wanted that you didn’t have now” in your present position.

Now you need to give notice.  How will your boss react?  It’s common for your boss to think:

  • You’re one of the best performers. How will you be replaced? Keep the team together?
  • What inconvenient timing – how can I possible replace you in only 2 weeks?
  • Where are you going to work – for a competitor of mine?
  • How can I get you to stay until I find and train your replacement?

For sure if you are a performer for your company then your boss won’t want you to walk out the door – especially to a competitor.  They will make every attempt to convince you to stay now OR if you do leave, they are likely to contact you within 30 – 60 days after you have started your new job to try to get you to come back. They will either:

  • Make you a counter offer
  • Make you feel incredibly guilty and disloyal
  • ‘Loving’ you liked they’ve never ‘loved’ you before – be suspicious of this

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”:

  • You have only received a counter offer because you resigned. It is a tactic from your employer and should make you wonder whether you need to resign every time you want to improve your situation. If your employer thought you were truly worthy, why didn’t they improve your situation anyway?
  • Do your reasons for wanting to leave still exist? You may have a number of reasons – salary too low, no promotion in sight, don’t like your boss, work/life balance. You may be offered more money to stay, which can be tempting, but if you still have other issues outstanding, you’ll probably end up leaving anyway.
  • 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 viewed as a true member of the team.
  • The counter offer could simply be an interim tactic from your employer to bridge a gap whilst they look to replace you.

There have been many studies over the years to measure what happens to employees who accept counter offers. Only 20 out of 100 employees are still with their company after 6 months and only 6 out of those 20 are still employed after 12 months.

2 important points become apparent:

  • Salary was hardly ever the prime motivator for resigning – more money didn’t ultimately change your day to day life on the job
  • Things didn’t take long to return to the way they were before the resignation
  • And if the offer is rejected, you may have burned your bridges, and the company you turned down may not be willing to make you another offer

 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 realize that your decision to resign was right after all.

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What Clients Say About Patrice & Associates

  • And I couldn’t have done it without R. Whitney Davis

    I needed to make a change in my life. I was stuck in a series of jobs that weren’t satisfying monetarily or weren’t moving me forward in my chosen career. I could get a new job. I could even find one that paid me slightly more, but it would be more of the same monotonous job I was doing and eventually I’d be unsatisfied, looking for something else.

    I needed a new path, a new direction, but how could I take my skill set and go places I’d never been before? That’s when the recruiter at Patrice and Associates, R. Whitney Davis stepped in. He helped me to see I could use my skills in a related, but altogether different job that would not only challenge me professionally as I would be entering an entirely new field, but would be a considerable pay bump.

    To begin with, thanks to his guidance, I could see I was not presenting myself and my talents at their best in the previous interviews, not just now, but my entire working life.  And I’d always felt I had no problem getting jobs I wanted!  Following his advice, I could instantly see the difference in my interview technique and how the people interviewing me were reacting far more positively than they had been in the past. I was even seeing my own skills in a different way than I ever had.  And I notice how I could now apply jobs I never thought I was qualified for, much less even considered trying to attain.

    As a direct result of his help, I acquired a new and challenging job that charts new paths for me professionally and the salary bump is sizable. I am so thrilled and excited about my new job. It literally is going to change my life in such positive ways.

    And the relationship doesn’t end there as they are keeping track of my path and advising me as I continue to grow, helping me to move along even further.   I can’t encourage job seekers enough to enlist the aid of Patrice and Associates. They’ll help to open doors you didn’t even know were closed to you.

       

    Thanks!

    Anthony D. Langford

    And I couldn’t have done it without R. Whitney Davis
  • Scott Meyer puts his heart into finding people jobs

    Hello, my name is Scott W. and I would like to tell anyone who will listen about Scott Meyer.  He doesn’t treat you like a paycheck, he treats you like a friend.  Anyone out there looking for work get Scott Meyer is on your side!  He listens to what you say and puts his heart into it.                   Thank You So Much! Scott W. Scott Meyer puts his heart into finding people jobs
  • Darryl Jackson did not leave my side!

    When I finally decided to leave my last endeavor and move on to a better opportunity, I trusted Darryl Jackson with helping me find the best fit career for my future! Darryl not only would lend a listening ear, he also gave encouraging advice because he listened! The follow up after each interview gave me high hopes! When I got the call for an offer, he was the first person I called! He was just as excited as I was and I appreciate everything he has done thus far!         Warm Regards, Darling Mack Darryl Jackson did not leave my side!
  • Patricia got me the interview within one day and a job offer with career growth in a week and a half.

    It is my honor and pleasure to write this letter of recommendation for Patrice & Associates' Executive Recruiter, Patrica Mayorca. I am so grateful for the way Patrica Mayorca  gave me the courage to dream again (even during a pandemic) and helped me put my career goals back on track and get my professional life back in order. When I came in contact with Patricia Mayorca, through a website connection; I wasn't seeking a new job; but was grateful to even have a job during this pandemic.  But, what a great chance meeting and opportunity; it was that Patricia shared with me.  Patricia was there to assist with my resume and find my best avenue to move forward with this opportunity. I am now excited about this next step in my career and have Patricia Mayorca entirely to thank.  Therefore, I recommend Patrice & Associates' Executive Recruiter, Patricia Mayorca wholeheartedly for anyone who is seeking help finding their own career path.                   Sincerely, Lauren Watkins Patricia got me the interview within one day and a job offer with career growth in a week and a half
  • I greatly appreciate all the outstanding service that Gary Tietz provided.
    I am looking  forward to starting my new job soon.  I would like to thank Gary Tietz for his help on my search for employment.  He made the process simple and provided me with outstanding service.  I am very happy to be employed by a great company in such a short period of time.  I personally had been searching for a very long time, with no luck on finding a job.  Gary’s dedication and efforts made this process simple, helpful and fast for me.  I highly recommend his recruiting service for anyone that is needing help in finding employment.  I am looking forward to starting my new job in a week, thank you!
    Sincerely,
    Shahid Channan
    I greatly appreciate all the outstanding service that Gary Tietz provided.