In today's competitive market, you are more likely than not to receive a counter offer. While counter offers may be tempting and even flattering, there can be pitfalls that you need to be aware of. Ask yourself these questions:
- Will your loyalty always be in question?
- If there are future cutbacks, will you be the first to go because of concerns about your loyalty?
- If accepting a counter offer is like infidelity, will it be forgiven and can it be forgotten?
- 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 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?
- Will you receive next year's raise or bonus early?
- Most employers don't like being fired, are they temporarily buying you?
- Is the counter offer a ploy to avoid a short-term inconvenience by your employer?
- What are your realistic chances for promotions now that you have considered leaving?
- Once the word gets out, will the relationship that you now enjoy with your co-workers be the same? Will you lose that personal satisfaction of peer group acceptance?
- Counter Offer Statistics
According to national surveys of employees that accept counter offers, 50-80 percent voluntarily leave their employer within six months of accepting the counter offer because of promises not kept. The majority of the balance of employees that accept counter offers involuntarily leave their current employers within twelve months of accepting the counter offer (terminated, fired, laid off, etc.)
- Bottom Line
As attractive as counter offers may appear, they greatly decrease your chances of achieving your career potential.