Never Accept a Counter Offer - Here's Why!

JM Group
31 March 2017
 

You have decided to leave your company, having accepted a new position elsewhere.   You hand in your notice to your boss who swiftly offers an attractive pay rise.  Do not be flattered into accepting this offer!  Statistics show that the majority of people who accept such offers will leave again within a short space of time, meaning you have to start the whole recruitment process over again. 

Counteroffers are only made in response to a threat to quit so stick by your reasons for wanting to go, you won't regret it.  Here's why:

1. You will most likely leave anyway - 90% of people who accept counteroffers leave or are let go within a year.

2. Your value has gone unrecognised – it is a costly irritation to find your replacement and far easier and cheaper to retain you.

3. Previous issues won’t go away – the reasons you wanted to leave are still there. Nothing else is likely to change other than your pay.  Question whether that will make you happy.

4. Your commitment will be questioned – your lack of loyalty to the company is likely to result in a loss of trust and respect from your manager which could make for an uncomfortable work environment.

5. Job security will diminish - now that you've shown your willingness to leave, you will be first on the list when times get tough and cutbacks begin.

6.You have already accepted your new role – you will be acting in an unprofessional manner by breaking your commitment to your prospective employer.  It’s a small network out there and you don’t want to burn your bridges.

The message is clear - do not accept counter offers!  Accepting the wrong offer could potentially cost your career growth and money in the long run.  

If the urge to accept a counteroffer hits you, take charge of the situation and follow these few tips:

  1. Politely but firmly decline the offer and state that after careful consideration your resignation still stands.
  2. Stress that you have taken time to weigh up your options and have come to your conclusion based on what you feel is best for you and your career path.
  3. Make it clear that you are not seeking another counter offer.
  4. Thank your employer for giving you the opportunity to work with them.
  5. Leave on good terms. It will be observed and noted.

To check if your offer is a fair one use the JM Group Salary Guide or speak with a JM Group consultant 020 7251 7300 or email contactus@thejmgroup.com

Starting your new role? Find out how to make the best impression here.

 

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