Presented With A Counter Offer? Here’s What To Do

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So, you’ve probably had a good few years in the world of work. You’ve gained greater experience and moved through the ranks to a more senior role, but now you feel like something is missing. You’re craving better things – This could be anything from greater responsibility, a nice pay rise or even a stronger workplace culture. Is this your current situation?

If so, you’re probably in the process of applying for new roles and attending interviews with the hope that you’ll receive the perfect opportunity – however, be mindful that within this process, you’ll possibly receive a counter offer from your current employer. What a spanner in the works!

Well if this is your case when resigning, I’m sure you’ll feel a little overwhelmed and unsure which route to take. Read on for our advice on what to do if you receive a counter offer…

What’s included in the counter offer?

Firstly, before making any irrational decisions, you need to identify what is being offered to you by your current employer. This could include a pay rise, an increase of holiday entitlement or even the opportunity to broaden your skills. Now this all sounds great but remember to focus back on why you were set on leaving.

At this time, I’m sure your employer will feel distressed that you, their great senior employee is considering a move. With this being said, a lot of unrealistic offerings can be made, therefore ensure you take the blinkers off and analyse what’s in front of you. Click here to read the importance of weighing up both pros and cons in a counter offer situation.

For example, your salary may have failed to live up to its expectations, but now you’re offered an income that reflects your responsibility level; this little nudge may have been worth it. After all, you may love your workplace but not your financial benefits. However, if you’re looking for something greater than what your employer can offer or even change, now is the time to consider a move.

Why are you leaving? 

After identifying the offer in hand, you need to have a long hard look at your previous employment experience, taking into consideration the motives behind leaving. When presented with a new shiny offering, your judgment can become clouded and before you know it, you’ve made an irrational decision on a not so attractive proposal.

If your reasons to leave are deeper and include factors such as your current workplace culture, no counter offer should influence your outlook – As we know, structural changes are hard to come by efficiently.

What motivates you?

Next, you need to think about what truly motivates you in the workplace. After all, you’re the only person who can answer this and decide on the best career move to take.

Gaining an understanding on whether you’re financially driven, aspire to grow personally, or having fire in your belly to be surrounded by a strong team should guide you in the right direction when deciding which workplace is best for you.
Remember, this is about you and where you want your career to go. You need to be honest with yourself, even if seen as unsuitable in somebody else’s eyes.

Do your research on both the counter offer and your potential new workplace

As mentioned above, both decisions will have pros and cons, and that is why you need to do your research on your current workplace, and your new potential employer.

Your current workplace: 

Now this research process may be the easiest to undertake as you’ve experienced the workplace first hand. You know how your managers work, you know how the process has played out when peers have left, and you know where the company is looking to go in the future.

Within this decision, you need to find out whether your employer can provide you with requirements to reflect your future situation. Whether that be working with new technologies, the ability to work remotely or even future company promotions. This experience alone should provide you with an idea on whether it’s the type of workplace you want to grow with.

One key piece of advice is to identify your current level of trust with your employer, as I’m sure sticking around for empty promises isn’t in your career plan.

If they fulfil your requirements in a trustworthy manner, then great! You can accept the counter offer and remain with your current company!

Your potential new employer:

Now this research may be a little more difficult as you have no experience of the workplace, however there are some online resources which can support you.

When researching, you should use online platforms such as LinkedIn and Glassdoor to identify your potential employers’ reputation with its previous employees. This route is a great way to observe whether the promises made in your new job description are honest. 

By searching through reviews, and career portals, you’ll gain an understanding of the type of employer brand present, and whether you’d like to be associated with this culture.
This is a great way to identify whether you will have a positive experience when comparing to your current situation – If so, a move is for you!

Ultimately, by analysing both pros and cons in each case, your key motives and workplace requirements will drive you to make the best career decision for you. This process cannot be rushed as after all, you spend majority of your time in the workplace, therefore you need to ensure its offering will benefit you.

If you are on the lookout for your next career step, contact our team of reliable recruiters today on 01244 455222.

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