Would you accept company's counter offer to stay on?

reynald

Quite Involved in Discussions
#1
Not usre if this is the right place,but here it goes:


Scenario: Filed a resignation because of two reasons: 1.) Need for more financially rewarding job, 2) Seeking recognition for achievements.
Status: Already received a job offer from another company that will pay 40% raise,and expected to report after 30 days notice. But after 2 weeks, current employer is offering 50+% raise and a 3-level jump promotion thru internal hiring. Seems new task being offered is challenging enough but doable, and has enough "interest-factor" in it. Commute not a factor, since comparable.

Question: To accept counter-offer or not? (pls say reason, practicality, ethics,etc)

Internet search suggests not to accept, but i want to hear views from real persons. Honestly im leaning towards NOT accepting the counter-offer and move on to the other company--main reason is that i have already given my commitment to the new employer. But current employer is exerting some serious effort to retain me. Please advise. tnx

>>rey
 
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G

Gert Sorensen

#2
I am sure that you will be able to get lots of input, supporting staying and going. There is probably only one person who really knows what you should do...

If I were in your shoes I would probably not accept the counter offer. I wouldn't do it because I would still come out feeling unsatisfied. If I had performed well in my field then I should not - usually - need to be looking elsewhere for challenges and rewards. Once I started looking it would be a clear sign that I was mentally cutting the bridges to my current employer and when I accepted an offer then I would not think that I could or should go back on that.

I have a general disliking of employers who doesn't spot talent in the organization and does not challenge and reward that talent until the resignation has been passed to them. Then they come up with an offer that should rightfully have been made in a better spirit and at a more appropriate time. It is bad leadership, it is not satisfactory as an employee, and it is really bad for business.

Please bear in mind that this is my view on this, you need to have your own view based on your situation, professionally, economically and privately.

:bigwave:
 

Randy

Super Moderator
#3
You gotta ask yourself, "If they can do it now why couldn't they do it last month?"

They now know you are prone to leave so they'll keep you until they can replace you........for someone who costs less.
 
G

Gert Sorensen

#4
You gotta ask yourself, "If they can do it now why couldn't they do it last month?"

They now know you are prone to leave so they'll keep you until they can replace you........for someone who costs less.
So basically nobody is benefiting from this. Very good point.
 

reynald

Quite Involved in Discussions
#5
You gotta ask yourself, "If they can do it now why couldn't they do it last month?"

They now know you are prone to leave so they'll keep you until they can replace you........for someone who costs less.
Thanks guys. I'm glad there are people who shares my view.
It seems silly sometimes not to consider the counter-offer (that's 50+% right?) that i lose focus, but Randy is right, the timing is very much in question. It made me feel that i had to beg for recognition, which of course not my intention.
 

harry

Super Moderator
#6
Basically, there are 2 factors to consider - situational and personal.

Situational:

What you indicated reflects a tight market situation especially for good people and quite similar to the situation over here. If your current employer match the salary offered by others, it indicates an intention to retain you. If they offer you a 3 level jump, it indicates that they do value your talent/ability above the increment.

Going to another company offers at least hope for changes but there is a risk - of not adapting to cultures or hostile oldies there. Not sure of your country but the culture of manufacturing enterprises here is that they seldom make adjustments voluntarily unless and until employees indicate they are moving. Would you face the same in the new organization several years down the road?

Personal factors

Do you enjoy working with people in the present place? Where you know each other and it is much easier to work. Do you have access to people up there?
If yes, how confident are you that you will have similar situations at your new place? It may take time to build. What is the future/potential if you stay (how many rungs are above you now?) versus the new place? These are some of the factors you need to consider and weigh and only you can decide.

On the subject of ethics, I suggest you put it aside first. Ethics is a personal factor and a 2 way game. You have to satisfy yourself with some test first - such as what would they do if the market or economy is down?

The final decision is yours.
 

reynald

Quite Involved in Discussions
#7
Good point as well. Both sides of the coin have thier own risks. I think i really have to write the Pro's and Con's of both sides and weigh it down.

tnx.
 
A

Al Hector

#8
Hello,
Only my point of view. I have been in a similar situation. I can tell you that also in my previous company they used the same methods like in your company to keep the good people. I accepted for 3 times they counter-offer and then I left the company.
My personal conclusion is that if you still have think that can be learned, you can stay with you actual company, but when you feel that you have reached a certain level is better to move on. Anyway is good to be very well informed about the new company before you go. As you have said, put on a paper the Pro’s and Con’s and see that take the decision.
One more personal thing : I think that if I make a promise to someone , I must keep it – I never said to another company that I accept their offer until I was really sure that I want to leave the actual company, and I was no more interested about any kind of counteroffer.

I wish all the best,
Alin
 

Wes Bucey

Quite Involved in Discussions
#9
Moderator note

I have moved this thread to the Occupation Discussions Forum as the most appropriate one for this topic.

To the topic:
Only you are "on the ground" and have the opportunity to determine whether the current employer is setting you up for a fall or a repeat scenario where you will not receive promotions or raises until you have a showdown.

In general, the current employer will consider you a "flight risk" if you stay and a smart boss will immediately start looking for a replacement.

The new company will be starting you at a new, higher baseline, whereas the current company will tend to think of you as a guy they promoted to maximum status. Depending on the company, there may or may not be more advancement room at the new company than at the current one.

Based on the facts in evidence so far, my recommendation would be to change companies and leave any possibility of "bad blood" behind. However, it is important you leave on as good a terms a possible.

A tip for any other folks looking to change:
It is usually NOT SMART to disclose to the current employer the terms of what you are offered at the new job. For most folks who do disclose, it is usually a type of bragging to regain some of the happiness lost when the employee felt underpaid and misused, triggering the job search in the first place.

It is relatively easy to simply shut up if asked how much - it is nobody's business but yours!

As a boss myself, I would not respect the soon-to-be-ex-employee who volunteered the new pay data or even where he was headed. Think if the situation were reversed and you were being replaced by a new employee: Would the employer tell you who he was hiring and how much he was paying? If he would, he is a sadist who just likes to rub salt in the wounds of a soon-to-be-unemployed person.

My own opinion:
It is never smart to try to create a bidding war between current and alternate employer. If I were the new employer, I might even withdraw the offer, reasoning, "If this guy will do this to his current employer, how soon will he be doing it to me?"

 

Bifften

Involved In Discussions
#10
Interesting thread. A situation I may face myself in the near future.

I feel underpaid in my current role though I have only been there since March - I'm at a junior level. I've considered applying for higher paid jobs to see if I get anywhere. Ultimately it would be a hassle for me to move at this current time but I would be prepared to move if that was the ONLY way I could get the extra money.

Sadly I consider that an alternative job offer is the only way I could be put into a strong bargaining position.

If you genuinely wanted to leave your employer in the first place then I don't think you should stay. I would feel my money earnt there was only offsetting the years of underpay. It wouldn't be a morale boost and you might feel like you missed a good opportunity.

Every situation is different, ultimately its your choice!
 
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