Should You Consider a Counter Offer?
Is a counter offer in your best interest?
HOW A COUNTER OFFER WORKS
Toward the end of your job search, your efforts are finally rewarded: you receive an offer.
If you are employed while searching for a job, you will most likely inform your current employer of this offer of employment as you give notice. Either your employer will accept your decision with regret, or will do whatever possible to persuade you to stay.
- They have spent a lot of time and money hiring and training you.
- They are accustomed to your work habits and abilities, and know how you work with your peers.
- You may have achieved some significant accomplishments during your tenure there.
- To find your replacement at this juncture would be costly.
Your company will most likely attempt to retain you with a counter-offer.
A counter-offer represents the company’s monetary sense of what it’s going to take to retain you as an employee. It will be fashioned as an offer difficult to refuse, and include an increase in your compensation along with whatever other perks are deemed necessary to win you back.
SEE ALSO: If you’re a coach looking to streamline your administrative tasks and save time, check out our Coaching Administration Software. It’s a simple, effective solution designed to help you focus less on paperwork and more on what matters—coaching your clients. From scheduling to client management, our software gives you the tools to run your business efficiently. Ready to reclaim your time and boost productivity? Click or tap here.
What should you do?
SHOULD YOU ACCEPT A COUNTER OFFER?
The answer can be found in the reason you went looking elsewhere in the first place.
If you accept the counter-offer, you will make more money, but in every other respect, your situation will remain the same. You need to ask yourself if the added income and perks will let you overcome whatever it was that caused you to search for another position in the first place.
Temporarily, things may work out, but you most likely will reach a point where eventually you will want to seek a new position.
While it may be difficult to turn down a counter-offer, it may be your best option. The sooner you find yourself in a more fulfilling position, the more creative and happier you will be.
SEE ALSO: If you’re a coach looking to streamline your administrative tasks and save time, check out our Coaching Administration Software. It’s a simple, effective solution designed to help you focus less on paperwork and more on what matters—coaching your clients. From scheduling to client management, our software gives you the tools to run your business efficiently. Ready to reclaim your time and boost productivity? Click or tap here.
Feel free to share any questions about counter offers in the comments below or contact me to book a free call!
If you want to get more from your life, and are looking for concrete action steps to get you there, check out our Request a Coach page. It’s a “cut the fence-sitting and take action” way to tackle your issues and actually find success. You’ll be matched with the coaches most suited to you to get you from where you are to where you want to be. To get off the fence and start to take action, click or tap here.
Read this next
8 Tips for Writing a Killer Resume in Today’s Digital World
Follow these simple tips to get noticed by employers!
Read More
I Have a Degree and Can’t Find a Job: Tips to Create a Personal Brand
I graduated… Now what??? Effective tips for success in planning your next steps after you receive your degree.
Read More
What is Career Coaching?
A career coach will equip you with all the techniques and career management tools you need in today’s job market.
Read More