Once upon a time, you handed in your notice and looked forward to your leaving party, unfortunately, it’s not that simple anymore.
When you resign now, the majority of the time you can expect a counter offer to come your way – but beware, after the initial flattery and extra money have lost their appeal you may still be left feeling unhappy in your role again before you know it! In this latest blog, we offer you vital counter offer advice which you may need in the future, looking at nine different reasons why not to accept a counter offer.
1. Statistics show that if you accept a counter offer the probability of voluntarily leaving, or of you being let go within one year, is extremely high. In fact, 80% of all candidates who accept a counter offer will be on the market for work within a year of accepting a counter offer.
2. Your employer will do anything they can to keep you. They may even take the tack of making you feel guilty, promise you fewer hours or more training. You need to remember they will offer you whatever they need to – counter offers come in many forms – but the basis of their offer is to make you stay NOT because they care about you but because this is what they need from you – replacing you is expensive – rarely do promises at counter offer stage actually come to fruition.
3. Good luck getting that new employer to ever consider you again. If you go all the way through their hiring process only to accept a counter offer from your current employer, then the Company that you tried so hard to impress at interview are now going to be wary of considering you in the future. If it really is a great company you’d like to work with, by accepting a counter offer you might be shutting a door you’d rather keep open.
4. Where has the money for your counter offer suddenly come from? Your employer hasn’t been able to give you a pay rise before and all of a sudden they are throwing extra money your way. Normally you just receive your pay rise for next year early and as there is normally a banding this may mean you won’t be eligible for pay rises going forward.hasn’t been able to give you a pay rise before and all of a sudden they are throwing extra money your way. Normally you just receive your pay rise for next year early and as there is normally a banding this may mean you won’t be eligible for pay rises going forward.
5. Your company could immediately start looking for another person who is cheaper than you are.
6. By handing in your notice but then deciding to stay your Employer is now aware you weren’t happy and they may question your loyalty going forward.
7. When the next promotions are available your Employer could remember who has been a loyal member of staff and if they aren’t sure how committed you are they will be less likely to consider you for promotion.
8. When times get tough, your employer will begin the cutbacks often with the person who has resigned.
9. The same circumstances that now cause you to consider a change will repeat themselves in the future. If you are leaving because the hours are long or you don’t like your boss, these things aren’t going to change, at least not for long.