Moving from one job to the next can be a daunting prospect, however, making the right decision now can pay off in the long run. What if you already have an offer in hand and get a counter offer from your current employer? Is it worth considering? Here we take a look at the pros and cons of accepting a counter offer.
Introduction
In simple terms, a counter offer is an offer by an employer to try and dissuade an employee from leaving their job. This offer is usually an improved salary, benefits and/or job promotion. It is up to you to decide if you would like to accept the counter offer or remain true to the original offer you had in hand.
There can be various reasons why an employer would choose to make a counter offer to an employee.
Pros of Accepting a Counter Offer
IT can be tempting to accept a counter offer.
Cons of Accepting a Counter Offer
Despite these perks, there can also be limitations to taking a counter offer:
Conclusion
Ultimately, it’s a personal decision whether or not to accept a counter offer. On one hand, the improved salary, benefits and continued employment could all be attractive incentives but the negatives almost always outweigh the positives and as we see time after time, you’ll be back on the market within 12 months, more desperate to move on than ever before.
Accepting a counter offer may also mean turning your back on an opportunity to start something new and may also lead to further levels of dissatisfaction in the job itself if the core problems are not addressed. As always, it is best to weigh up all the pros and cons before deciding – if you’re being offered a counter offer make sure you fully weigh up the options, talk things through with friends and family, and consider all the possibilities of having to start from scratch with a new employer too.
To explore this further, take a look at an earlier blog on this: The counter offer
References
[1] Should You Take a Counter Offer? Weighing the Pros and Cons
[2] Counter Offer: How to Deal with It, Pros and Cons of Accepting
[3] The Pros and Cons of Accepting a Counter Offer