Why You Should Never Accept a Counteroffer!
- The main motivations to consider a job change
- Feeling underpaid or unappreciated
- Slow or no career progression
- Long working hours
- Bored with the job scope
- Political culture
- Bad boss
- Distance to work
"Statistics have shown that four out of five people who accept counter-offers are gone within the year."
Here are the top reasons why you should NOT accept a counteroffer:
- Only your salary changes. The original issues that prompted you to consider other job opportunities are still there – things don’t change overnight.
- Your future employer sees a potential in you that your current employer does not see. If your future employer is willing to take the risk to grow your potential and future, why not seize the opportunity?
- You should never stay within your comfort zone. You may feel familiar and comfortable, but does it bring you the job satisfaction that you hope for? Often, a change will bring growth and transformation.
- You have not being paid what you deserve. If your employer is willing to adjust your salary when you “threaten” to resign, then your employer is knowingly underpaying you for your talent and efforts, and is a hollow gesture.
- Trust likely been broken between you and your current employer. Resignation is often seen as “lack of loyalty” and brings a feeling of risk.
- Meaning your current employer may now question if they can count on you, which will limit your future growth.
Your employer may question your intentions and motivations knowing now that you can be “bought”. - On average, around 80% of those who accept counter offers reignite their job search within 3 months. You accepted the counter offers promises but you soon realize that things have not changed, because cultural change takes years to achieve.
- The perceived risk that your employer feels will linger, and you may be at the top of the pile when they are looking to reduce the number of employees in the future.
- Counteroffers are usually just a stalling tactic to give your employer time to find your replacement at a lower salary.