What to consider when presented with a counter offer

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You’ve just handed in your notice to inform your employer you’ll be resigning and moving on. However, your current employer offers you a counter-offer in the hope that you will reconsider.

What do you do and how do you handle this kind of situation? Being mindful of the points below will help you make the best decision.

 

 

Why were you planning on leaving your current employer in the first place?

Changing jobs can often occur due to all kinds of different reasons, it might be personal lifestyle changes, a lack of career progression or it could be a lack of salary increase. Whatever the reason, changing jobs is never an easy thing to do, but there must have been something which lead you to look elsewhere - make sure you keep the reason you decided to leave in the back of your head at all times and avoid making any quick decisions. Take your time to weigh up your decision effectively to ensure you are making the best decision for you career.

In the long-term, what do you think will be more beneficial to your career?

When given a counter-offer, be mindful as to whether it will be beneficial to your career progression. Although your company may be offering you a pay-rise, your career direction may not be clear, and you may remain stuck in the same position rather than progressing.

When given a counter-offer, be mindful as to whether it will be beneficial to your career progression. 

Have you had some time to weigh up the two offers?

Occasionally, when we are given a counter offer you can feel like you have been put on the spot and that you’ll need to make a quick decision out of fear of losing the new job opportunity or losing the counter offer. It's important to take some time to consider both options and weigh up the pros and cons of both offers.

Draw up a list of pros and cons and discuss the issue with your family members and your friends. It often helps having input from people who know you best to help you decide what the best option will be for you in the long-term.

Will this affect your position within the company?

You might be fearful that accepting a counter offer could have a negative affect on your position at work. Some employees worry that their colleagues know that they were considering accepting another offer or that they will know they have been given a pay-rise only because they were considering leaving. This could make you worried that their colleagues no longer trust them as much. 

To prevent this, avoid telling any of your colleagues of your consideration to leave and keep the conversation strictly between yourself and your manager until a definitive decision has been made. 

Ultimately, when faced with a counter offer it’s important to understand what you want as an individual in terms of career progression and what works for your lifestyle. Asking yourself these questions above will help you come to a conclusion.

Think you are worth more? Read our tips on negotiating your salary article 

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