You received and accepted a job offer, congratulations!
The next step is to resign, but your employer makes you a counteroffer and matches or increases what’s already on the table.
It seems welcoming, but should you take that counteroffer?
Having to decide whether to accept a counteroffer can be difficult as there are certain factors to consider – It can seem like the right decision as you won’t need to build relations with new colleagues or master the working methods of another company; you are already familiar with your current company, and you feel confident and comfortable in your current role.
Did you know, statistic show that if you accept a counteroffer, the probability of leaving in 6 months, or being let go within 1 year is extremely high. So, here’s 3 reasons why you should never take that counteroffer:
1. Your loyalty will be questioned
Your current employer may question if they can count on you, this will limit your future growth. You could even, potentially, be the first out of the door if there is an internal reorganisation.
The chances are you will have burnt a bridge with your potential new employer regardless of the reason.
2. You’re undervalued
If it takes your resignation for your employer to offer you more money, you would be better off with another organisation that supports your growth and value you as an important asset.
3. It will not guarantee job satisfaction
A counteroffer may give you a better hope of better working conditions and salary. Even when the promise is being made verbally, most people in this situation find it to be just an empty promise – things, people and culture don’t change overnight.
Statistics show that if you accept a counteroffer, the probability of leaving in 6 months, or being let go within 1 year is extremely high.
In our experience in recruitment, people are subjected to the most growth by making an external move. It is worth it to join a brand-new opportunity because your future employer sees a potential in you that your current employer does not see. So, go forth and seize the opportunity!
If you are unsure on how to manage your counteroffer or have questions on your career move, feel free to contact us!