Counter Offers
While counter offers may be tempting and even flattering, there can be pitfalls that you need to be aware of. Remember that a counter offer can take several forms:
- Financial – a bump in salary or bonus potential
- Needs – accommodation of schedule, duties or other specific needs that had previously been unmet.
- Emotional – a play to your sense of loyalty, friendship, commitment to the organization, or its need for you.
Ask yourself these questions when considering a counter offer:
- Is the counter offer a ploy to avoid a short-term inconvenience by your employer?
- What will your employer do once they have time to fully assess what is in their best interest?
- If you accept the counter offer for more money, are you just giving your employer the time they need to locate and select your replacement?
- Will the relationship with your employer ever be the same?
- Will your loyalty always be in question?
- What are your realistic chances for promotions now that you have expressed a desire to take another opportunity?
- If there are future cutbacks, will you be the first to go because of concerns about your loyalty?
- Will your career track remain blocked if you accept it?
- Will your responsibilities be expanded?
- Will you have to report to a person you don't respect?
- Is the counter offer next year's raise or bonus early?
Even if the counter offer is based on factors other than compensation, you still need to realize the effect that stating your desire to leave has on your manager and the company. So, think through this carefully before you accept an offer from another employer.
As attractive as counter offers may appear, they can greatly decrease your chances of achieving your career potential.
Do yourself a favor and Google™ “Counter offer” if you are considering accepting one.
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