Receiving a Counter Offer
In today's favourable labour market conditions, resignations usually result in a counter offer. If you receive a counter offer, it can be difficult to decide on the best path for your career. But you should consider that in most cases, accepting a counter offer proves to be a poor long-term career decision and you're likely to seek new employment within 12 months.
Counter offers are very common and it's likely that your current employer will try to entice you to stay with promises of higher remuneration or a new position.
Receiving a counter offer means you are a valuable asset to your current employer and they don't want to lose you. It's also costly for them to find and re-train a new employee plus they'll lose all your knowledge, experience and expertise.
And while counter offers may sound tempting, there are certain pitfalls that you should be aware of. At Design & Construct, we know only too well from industry experience that there has to be strong reasons for you to consider leaving your current position in the first place.
If you do receive a counter offer, take a moment for a reality check:
- Will staying with your current employer solve your current issues?
- Why has it taken the company until now to appreciate your value?
- Are you simply getting a pay rise or promotion because you are leaving?
Deciding to make a career move can be exciting and financially rewarding. The best way to avoid the messy situation of a counter-offer is to take charge of the situation:
- Explain your reasons for leaving and remain firm but polite.
- Agree to a provisional departure date when you resign and get confirmation of that date quickly so you can let your new employers know when you can start.
If complications arise from a counter offer, speak to your consultant before making any decisions as they can help discuss your options. Remember that we operate in a very incestuous industry, so always try and leave on good terms.
Goodbyes are never easy
Resigning from your job can be a hard decision. But remember, there is never a 'right time' to resign and you should consider the impacts on your career if you decide to stay. Ask yourself these questions:
- Why did you consider leaving in the first place?
- What are the pros and cons of your current job?
- What are the pros and cons of the new position?
- Have you investigated a transfer within the company?
- Would you still leave if you were offered more money, training or a promotion?
Want more advice? Contact a Design & Construct consultant and they'll be happy to discuss your situation.