Should I Accept a Counter Offer?
When is it right to accept a counter offer?
According to businessweek, forbes and any other employment professional, accepting a counter offer is detrimental to any professional career. Good recent example
If everyone seems to know this, then…
- Why do individuals still accept counter offers?
- Why do companies extend counter offers?
I have learned that companies in general only care about the immediate. Companies feel some sense of loyalty to their employees as well as see some immediate ill effects due to the loss of one of their key employees. As a professional you should feel flattered that your company extends you a counter offer. Below will allow you to better understand the purpose of why that very counter offer can be seen as a smack in the face.
Let’s discuss some of the reasons why accepting a counter offer is said to be “career suicide”
1. What type of company do you work for if you have to threaten to resign before they give you what you are worth?
2. Where is the money for the counter-offer coming from? Is it your next raise early? All companies have strict wage and salary guidelines which must be followed.
3. Your company will immediately start looking for a new person at a cheaper price.
4. You have now made your employer aware that you are unhappy. From this day on, your loyalty will always be in question.
5. When promotion time comes around, your employer will remember who was loyal, and who was not.
6. When times get tough, your employer will begin the cutback with you.
7. The same circumstances that now cause you to consider a change will repeat themselves in the future; even if you accept a counter offer.
8. Statistics show that if you accept a counter-offer, the probability of voluntarily leaving in six months or being let go within one year is extremely high.
9. Accepting a counter offer is an insult to your intelligence, and a blow to your personal pride; knowing that you were bought.
10. Once the word gets out, the relationship that you now enjoy with your co-workers will never be the same. You will lose the personal satisfaction of peer/group acceptance.
11. Your employer may say “How can you do this to us after we have been such good friends,” thus causing a great deal of personal guilt which can carry over into social encounters, etc. in the future.
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