02/03/2022
You have updated your resume, interviewed well, and have received an offer for a new job. Most individuals who are looking to leave their current role have a reason for seeking a new one. After you hand in your resignation to your supervisor, they might present you with a counter-offer. Here is the best way to handle a counter offer.
A counter-offer can be an offer extended to the individual looking to resign from their current role as something to tempt them to stay. This is not always an easy decision to consider and you must weigh the options that are best for you long-term. A counter-offer is an employer's bid to keep an employee from leaving their firm and it usually occurs after an employee has handed in their notice. This is intended to make you reconsider your resignation and usually comes with a salary increase or a promotion. Employers usually make these offers in an attempt to retain the employee's processes and knowledge of a company, minimize the costs of hiring and training a replacement hire, and/or to maintain employee morale and team relationships.
After receiving a counter-offer, your original judgement is tempted to be swayed based on the newest offer extended to you. If you stay in the role or get promoted, what were your main reasons for looking to begin with? Were your reasons based on the work culture or lack of future career growth? This could be anything from a work life balance, gaining more experience, or working in a more dynamic environment. If so, it might be best to stick with the offer for your new role.
When reviewing a counter-offer, speak with your manager directly and find out why the company wants to keep you as an employee. Is it because they value your work or they do not want to interview, hire, and train another employee? Ask for 24 to 48 hours to review and compare your options. Assess what role would be a better fit excluding the salary and benefits. Consider what company would best align with your values. A company's culture and vision can affect how engaged, motivated, and happy you are at work. If working with a recruiting firm, let your recruiter know about the counter-offer as soon as possible. With their experience, they can provide you their professional opinion on what you need to consider. It is in their best interest to help you make the best decision.
Whether you decide to accept or decline your counter-offer, you are the only individual who knows what is going to be best for you and your career aspirations. Once you've weighed the pros and cons methodically and listened to your inner voice, inform your current employer, potential employer, and if you used a recruiter, your recruiter, of your decision.
A counter-offer can be an offer extended to the individual looking to resign from their current role as something to tempt them to stay. This is not always an easy decision to consider and you must weigh the options that are best for you long-term. A counter-offer is an employer's bid to keep an employee from leaving their firm and it usually occurs after an employee has handed in their notice. This is intended to make you reconsider your resignation and usually comes with a salary increase or a promotion. Employers usually make these offers in an attempt to retain the employee's processes and knowledge of a company, minimize the costs of hiring and training a replacement hire, and/or to maintain employee morale and team relationships.
After receiving a counter-offer, your original judgement is tempted to be swayed based on the newest offer extended to you. If you stay in the role or get promoted, what were your main reasons for looking to begin with? Were your reasons based on the work culture or lack of future career growth? This could be anything from a work life balance, gaining more experience, or working in a more dynamic environment. If so, it might be best to stick with the offer for your new role.
When reviewing a counter-offer, speak with your manager directly and find out why the company wants to keep you as an employee. Is it because they value your work or they do not want to interview, hire, and train another employee? Ask for 24 to 48 hours to review and compare your options. Assess what role would be a better fit excluding the salary and benefits. Consider what company would best align with your values. A company's culture and vision can affect how engaged, motivated, and happy you are at work. If working with a recruiting firm, let your recruiter know about the counter-offer as soon as possible. With their experience, they can provide you their professional opinion on what you need to consider. It is in their best interest to help you make the best decision.
Whether you decide to accept or decline your counter-offer, you are the only individual who knows what is going to be best for you and your career aspirations. Once you've weighed the pros and cons methodically and listened to your inner voice, inform your current employer, potential employer, and if you used a recruiter, your recruiter, of your decision.