You've finally decided to start looking for a new career and new opportunities. You've submitted your CV and portfolio to various job-search websites, you went through multiple job interviews, and finally, you received an offer that you are totally prepared to accept.
Getting a call from the prospective hiring manager and he/she informs you with the following sentence:
“Congratulations! We like you to be part of our team. We would like to offer you a salary of$XXXX for the job role that you have applied for. Would you be keen to take on this role and further your career with our organization?”
This line alone can elicit a variety of feelings, including excitement, happiness, or even a sigh of relief that the process is over. However, after working in the recruiting industry for many years, I have seen several instances when candidates phone us a few hours or days later to say they have gotten a counteroffer from their current employer. To be honest, this is not an ideal situation for you. Usually, counteroffers do not end nicely. Accepting a counteroffer can be challenging, and there are several aspects to consider. Your decision is likely to have a considerable influence on your career, so consider it wisely.
Let me briefly describe to all of you,
‘What is a Counteroffer?’
A counteroffer is typically made in reaction to another offer. If you receive a salary offer of $7,500 from a prospective employer, your present employer may match it or offer you a 10% to 20% raise on top of your current income. I agree that resigning from your current employment requires a lot of courage. The notion of informing your upper management and informing him/her that you intend to resign may be emotionally draining, especially given that you must stay on for the following 1-3 months of notice time depending on your job position.
Keep in mind, however, that if you express your wish to leave and your employer decides to give you a counteroffer in order to keep you, and you say yes, this decision might be one of the worst in your career.
You have a reason for wanting to quit
The grounds behind the counteroffer are more complex than they appear at first glance.Before accepting the counteroffer, look in the mirror and ask yourself,"Why do I want to resign?" There are various reasons why you may wish to quit in the first place. It might be that you are bored and dissatisfied with your current salary, or that you have a negative connection with your coworkers and supervisor. However, even if your counteroffer meets your demands in the short term. It won't be long before you quit once more.
Consider whether the counteroffer addresses the core reasons for your resignation. If it doesn’t, you’re far more likely to be holding for a new job soon, and may be regretting the option to pass up the other offer.
Lack Of Trust
No matter how well you get along with your boss and coworkers, if you say yes to a counteroffer in response to your resignation, your loyalty will be called into question in the future. Even if the work provides potential for career advancement, you are unlikely to be the first person chosen during the promotion period. Your employer probably will be expecting you to resign anytime soon as they are unsure how long you will stay with them.
There have been several cases when individuals accepted my clients’ offer in Base CampRecruitment, only for them to accept a counteroffer from their current employment at the very last minute. I acknowledge that it is frustrating from a recruiter’s perspective, but I understand why these applicants say yes nonetheless, you must consider whether your employer and coworkers would trust you after this ordeal. I'm afraid the answer is no in most cases.
No Chance for Career Progression
Let's give this some thought. Firstly, if you had opted to leave, your company may not even consider granting you a raise in the future if you accept the counteroffer in the current moment. Although your employer may have battled hard to keep you from quitting, it might have an impact on your job security. There is a strong possibility that we are entering a worldwide recession, so what are the odds that they will keep you if your company suffers a significant loss in the future?
Secondly, you've probably begun looking for a new job because you felt mistreated and constrained, or you simply want that salary boost you believe you deserve. Many of my previous life experiences occurred as a result of the simple statement"There are no rewards without risks." This term, I believe, significantly correlates with accepting or rejecting a counteroffer.
It might be along time before you receive another raise. Please exercise caution when submitting resignations as we do not want you to be in any 'counteroffer' scenarios.
In general, you should receive a counteroffer within a day or two if you ever receive one.I strongly believe that you should politely tell your current employer that you appreciate them for the offer and briefly speak all about the positive experiences in the job.
However, if you have ever considered resigning and you start applying for a new employment, just quit for greener pastures if they offer a higher wage or more work flexibility. Always keep in mind that accepting a counteroffer at your current employer may result in unfavourable consequences. It can be a horrible experience when your coworkers doubt your loyalty, and you may feel as though you work in a toxic workplace.
Whenever you are feeling low at your workplace, you will feel that you can never deliver100% on the job and you will have low motivation to achieve more in your employment. I do not want you or anyone to have a low morale at work.