10 reasons for refusing a counter offer
When you hand in your notice, it’s quite likely you will be made a counter offer – but beware: there are good reasons why accepting a counter offer can be a bad move.
You hand in your notice – and your boss immediately makes you a better offer to stay. Sure, it’s flattering – but is it sensible to accept?
- What type of company do you work for if you have to threaten to resign before they give you true market value for your skills/experience.
- Where is the money for the counter offer coming? Is it just your next salary raise early?
- Your company will start looking for your replacement at a lower salary immediately, the wheels are already in motion to replace you ASAP.
- You have made your company aware that you are unhappy, from this day you are seen as disloyal.
- When promotion opportunities arise, your company will remember who was loyal and who wasn’t.
- Any redundancies/cutbacks will start with you.
- Your reasons for leaving that have caused you to look for a change will repeat themselves again in the future, even if you accept a counter offer.
- Statistics show that if you accept a counter offer, the probability of you leaving or being asked to leave within 6-12 months is extremely high. 80% of people accepted counter offers are gone in 6 months. 50% of accepted counter offers reinitiate their job search within 90 days!
- Accepting a counter offer is an insult to your intelligence and personal pride, because you know you have been bought.
- Once word gets out, your relationship with your colleagues will never be the same…you will be the defector who was brought back!
“I have dealt with Tim Goodwin since 2005 for the sole supply of staff for my business. Tim not only takes the time to listen very closely to what my needs are, he supplies me with the right staff time after time. His recruitment skills are excellent and it is an absolute breath of fresh air to still find a recruiter who takes an active interest in me and my business. I haven't seen – and will not see – any need to look beyond Futura for my future business needs.”Futura client