When you are offered a new job position, your existing employer may try to retain you with a job counter offer. They may put forward more salary or an enhanced benefits package. Maybe they will propose a more ideal schedule or extended time off. Whatever the offer is, it is up to you to determine whether to accept the offer or not. Do take note that there are numerous well-founded points and reasons why you would not want to take up a counter offer. After all, you already have a better job offer. If you opt to consider the counter offer at all, be sure you factor in the following points:
It costs a lot much more to hire a new replacement, and employers will usually do everything within their means to retain their exisiting employees. This signify that you have plenty of negotiating power to tap on. It takes less dollars to appeal you to stay than it is to find, recruit and train a replacement. You’re already trained and you have extensive knowledge of the projects you are working on. It will be pretty time consuming to get a new employee up to speed on all that you’re working on. If you give your existing employer a chance to present you with a job counter offer, you could end up getting a very pleasant deal.
But do you want to take it up? If you’re actively searching in the job market, there are apparently very valid reasons why your existing job is not ideal for you. A salary increase may not be able to resolve all of the problems that you are facing. Many counter offers are made based on promotions and pay increments that the company had already intended on handing out to you. You might, in fact, only be getting your pay increment earlier with nothing else planned to come later.
A counter offer does not mean that your job is secured. Statistics show that about 80% of employees who take up counter offers are out of a job within one year. Some are fired because employers cannot stand their disloyalty and feel that they will resume their new job search. Many tendered their resignation because whatever were the issues that pushed them to look for another job are still there.
Before you discuss the prospect of a job counter offer with your existing employer, you need to be one hundred percent sure that you are ready to leave your job immediately. Your employer might ask that you pack up right away due to the fact that you have been looking for employment elsewhere. For this reason, you should be affirmative that you are set to leave your existing position before you bring up the subject of a counter offer.
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