You’ve gone through the difficult process of finding and accepting a job while still employed. But now your employer has given you a counteroffer in an attempt to convince you to stay. What do you do? We’ll outline how to handle this tricky situation and give you a few important considerations when making the final decision about staying or leaving.
Consider Your Reason(s) for Leaving
Why did you begin looking for a job in the first place? Was it about money? Career advancement? Flexibility?
If the counteroffer doesn’t address the main reason that you looked at other opportunities, you should continue with the process of submitting your resignation and giving your two-week notice.
However, if they do offer you something of interest, don’t get overwhelmed with the situation and provide a rushed answer one way or the other. Take the time to think about how the decision will impact your career not only in the present but the future as well.
Consider Your Future
Accepting or declining this counteroffer will have long-term impacts on your career path. If you simply were looking for an opportunity to make some more money and your employer comes back with an offer similar to the new one, it may be worth sticking around. You’re familiar with the work environment and now you’ll be getting the compensation you were looking for. For most though, salary isn’t typically the sole factor.
If you’re also looking to grow your career or take on new responsibilities and your employer doesn’t provide those things until you come back with another job offer, it’s not a good look. Ideally, you’ll want to work for an organization that promotes and recognizes its employees on a proactive basis. The reactionary nature of a counteroffer is the company admitting that they didn’t provide you with everything they should have initially. Before coming to a conclusion, you must think about the likelihood of this pattern continuing.
Consider Your Relationships
When there’s a counteroffer, there’s usually three parties involved – the employee, the current employer, and the prospective employer. In the end, someone isn’t going to get their way and bridges may get burned regardless of how well it is handled.
If you decide to accept the counteroffer and stay with your current company, it is critical to let the other organization know about your decision as soon as possible since they will now need to start their search again. Even after choosing to stay, you may have a relationship to repair with your current employer, too.
Your company now knows that you’ve been looking at other jobs and your loyalty may be questioned going forward. With a lessened level of trust and the idea that you aren’t fully committed, you may be looked at first if any personnel changes need to be made down the road.
If you choose to decline the counteroffer and go forward with the new company, you should thank your current company for the opportunities they’ve given you. Although there may be some surprise from their end, if you keep things pleasant and provide a clear explanation of why this new opportunity is the right choice for you, most employers will wish you well on your next endeavor.
In the end, these key considerations will help you be better prepared to handle a counteroffer with the confidence and decisiveness that is required. Remember, learning how to handle a counteroffer effectively is a valuable skill that can significantly impact your career trajectory and professional satisfaction.
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