A Guide to Navigating Counteroffers
As you confidently submit your resignation, you might feel a sense of relief and excitement about your next career move. But what happens when your current employer makes a counteroffer? This unexpected twist can throw you off balance and make you reconsider your decision.
Understanding Counteroffers
A counteroffer typically comes into play after you’ve announced your intention to leave your job. It’s your employer’s way of persuading you to stay, often involving a raise, improved benefits, a promotion, or even a shift in your job role. On the surface, a counteroffer might seem like a flattering acknowledgment of your value to the company. However, it may also be a strategic move by your employer to save the time and expense of hiring and training someone new.
Here’s some tips on how you can systematically manage a counteroffer:
Express Gratitude And Ask for Time
Begin by thanking your executive for the counteroffer and request some time to think it over. It’s wise to take at least a day to evaluate the proposal thoroughly. I always say with any big decision “sleep on it”. See how you feel after you’ve had time to digest the information.
Assess The Offer
Carefully review the details of the counteroffer. Compare it against the other job offer you have in terms of salary, benefits, work conditions, and professional growth opportunities.
Reflect On Your Reasons For Leaving
Consider why you wanted to leave in the first place. Was it just about the money, or were there deeper issues like company culture, work-life balance, or lack of advancement opportunities? Determine if the counteroffer genuinely addresses these issues.
Consult With Your Executive
After your assessment, arrange a meeting with your executive to discuss the counteroffer. Be transparent about your initial reasons for wanting to leave and what it would take for you to stay. This conversation can provide insights into whether your employer is genuinely committed to addressing your concerns.
Making Your Decision
Armed with information and insights, you should have a clearer idea of whether to accept or decline the counteroffer.
Here’s some guidance based on common scenarios:
If the counteroffer meets your needs and you love your job
Consider staying, but be mindful that your initial resignation might have affected your employer’s trust.
If the counteroffer is purely financial but other issues remain unresolved
It’s probably best to decline. Changes in salary won’t improve company culture or work-life balance if those were your main concerns.
If you doubt the employer’s commitment to make promised changes
Decline the offer. Trust your gut/instincts about whether promised changes will materialise and be sustainable.
Dealing with a counteroffer can be challenging, but by following these steps, you can make an informed decision that aligns with your career goals and personal values. If you’re still uncertain, remember that moving on to a new opportunity can often provide the fresh start and growth you seek.
For further guidance or personal advice on handling counteroffers, feel free to reach out to us at [email protected]. We’re here to support you in making the best choices for your admin career.