At some point in everyone’s career you find yourself looking for the next great opportunity and having to give notice to your current employer. Some of you will be faced with a counter offer and put in the position to Do you stay or do you go?
Industry professionals from all walks of life have debated whether it is prudent to take a counter offer or not and even those close to this type of process like fellow recruiters and human resource staff will be hard-pressed to decide on a good course of action for this dilemma. Of course all of us find it flattering having two companies bid against each other for us but there is a few things to consider before staying with your current employer and accepting the highest bidder…
There was a reason you were looking in the first place – you do need to take pause and remind yourself there was a reason you were looking in the first place. Perhaps it was more money, responsibility, or a better cultural fit. You should ask yourself why it took you threatening to leave for your current employer to find value in you to make additional accommodations. Also, will things really be that different in the long run?
They now know you question your loyalty– your employer now knows that you had not only considered leaving but took action and sought and accepted another job. If layoffs ever happen in the future, your loyalty could be in question and you will be one of the first to go.
Burning bridges with future employers – if you are at the point of turning in your notice, you have already made a firm commitment to another organization. Once you accept the counter-offer and stay at your current employer you will be going back on your promise to the new firm. Despite how hard the decision was to make, this will often burn a bridge.
The answer to this question is not easy to answer and will definitely vary from person to person. From my perspective, years in the industry have told me that counter offers rarely work out in favor of the employee. Typically within six months you will leave on your own any way or be asked to leave. Although change can be difficult, the new opportunity was attractive enough for you to accept once. Stick with your first instinct and….