Beware of the "Counter Offer"
If you have accepted an offer from a new employer and, on giving your notice to your present company, a counter offer is made - you should consider the following:
A. Ask yourself if you were worth "X" dollars yesterday. Why are they suddenly willing to now pay you "Y" dollars today when you were not anticipating a raise for some time.
B. Consider the fact that your present employer could merely be "buying time" with this raise until he can locate a replacement. Suppose you were given an annual raise of $3000 as a Counter Offer. When they find a replacement for you in, say 60 days, then the actual cost to them is only $500.00.
C. Is just more money going to change everything in your present job? Consider the new opportunity you will be giving up that looked so favorable when you accepted it.
D. The company will probably feel as though they have been "blackmailed" into giving you a raise when you announced your decision to leave.
E. Realize that you are now a marked man. The possibility of promotion is extremely limited for someone who has "given notice". The company is vulnerable; they know it and will not risk giving more responsibility to someone who was previously committed to leave.
F. When economic slow-downs occur, you could be one of the first to go. You indicated your intention to do so once before, so it is only natural that your position would probably be eliminated in a slack period.
G. You should know that statistics compiled by the National Employment Association confirm the fact that over 80% of those people who elect to accept a counter offer and stayed, are no longer with their company six months later.
H. Carefully review in your mind all the reasons you wanted to make a change in the first place. Does the Counter Offer really offset these reasons?
I. If you intend to seriously consider a Counter Offer, be sure you ask you present employer to confirm all the details of said offer in writing.
We strongly urge you to carefully think about all these facts before making a final decision. It is your career, your livelihood. One imprudent mistake at any time could be very costly in terms of your professional growth.
** 95% get a Counter Offer **
TEN REASONS FOR NOT ACCEPTING A COUNTER OFFER
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 wasn't.
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.
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