I recently came across a LinkedIn post titled “Eleven Reasons to Not Accept a Counter Offer”. These reasons have been posted near-verbatim numerous times and are referenced in a variety of articles and postings. As I read the reasons, I found myself disagreeing with most of them. Perhaps my experience is outside the norm or ignorance truly is bliss, but for each of the ‘11 reasons to not accept a counter offer’ I thought of 11 reasons to accept the counter offer.
Here are the original “Eleven Reasons to Not Accept a Counter Offer” with my responses for “Reasons to Accept a Counter Offer” in blue.
- You have now made your employer aware that you are unhappy. From this day on your commitment will always be in question.
- You are happy with your current employer but feel that you are worth more. You want them to make a counter offer.
- When promotion time comes around, your employer will remember who is loyal and who isn’t.
- Promotions are not based on “loyalty”, but rather are based on pay history, work accomplishments, leadership, ethics, skills, team work, business need, profitability, etc.
- When times get tough, your employer will begin the cutbacks with you.
- When times get tough, your employer will replace low-performing workers OR positions no longer needed. This has nothing to do with ‘who recently received a pay increase’. It is probably worth noting that in some cases, higher-paying jobs can be outsourced in an effort to improve the bottom line.
- When your employer replaces you after six months and ‘lets you go’, it’ll be harder to turn them around than it was for them to turn you around.
- This is a moot point. It would have happened regardless of a counter offer or not. I don’t see this as being a valid reason to not accept a counter offer.
- Accepting a counter offer is an insult to your intelligence. You didn’t know what was best for you.
- Accepting a counter offer requires intelligence. The ability to weigh the pros and cons to either accept or reject a counter offer stretches your intelligence quotient (IQ) and emotional intelligence (EQ), because after all, it’s not ALL about the money.
- Accepting a counter offer is a blow to your personal pride, knowing you were ‘bought’.
- Accepting a counter offer shows that you take pride in your work and current company. You were not bought, but rather you were shown that the company values you enough to propose a counter offer.
- Accepting a counter offer rarely changes the factors that drove you to look for a new job in the first place.
- Accepting a counter offer show that you weighed the pros and cons for staying with your current employer vs leaving for a different opportunity. The ‘grass is not always greener on the other side’, and I believe that many workers realize this.
- Where is the money for the counter offer coming from? Is it your next pay raise early?
- The money for the counter offer can come from many places. Accepting a counter offer may be a way of earning an early pay raise, perhaps it changes your pay to be more in line with the market, or maybe you have gained new skills from the time that you were hired or last given a pay raise (so you are worth more now than you were previously).
- Statistics show that if you accept a counter offer, there is a ninety percent chance you will be out of the job within six months.
- I’d like to see the original data source for this statistic… I am having a hard time believing it
- What type of a company do you work for if you have to threaten to resign before they give you what you’re worth?
- A counter offer is one way that the company can work around policies that restrict promotions outside of the annual review process. Perhaps, you work for a company that values your contribution and wants to keep you around and that is why they gave you a counter offer.
- Why didn’t they pay you that before? It was because they didn’t think you were worth it.
- It is entirely possible that you are worth more now than you were before… So yes, you may not have been worth the counter offer previously, but now you are! You’ve proven yourself, you’ve shown that you are worth it. There may also be other new business factors (profitability, leadership, maturity, etc.) that play into being able to pay more now vs previously.
There are numerous reasons why you would choose to stay or leave your current employer. It may be because you are unhappy, or you have gained new skills and experiences that you want to leverage, it may be because a new opportunity has an increase in responsibility, or that a new job offer is with a company that fits your personality better. In my career, I have experienced these three situations:
- I did not peruse the counter offer and instead, chose to accept a new job offer. For the most part, this decision was because I had gained new skills (such as certifications or a degree). In other cases, it was because I wanted to gain new skills and new work experiences.
- I did not accept the new job offer and I also did not tell my employer that I had received a job offer. This was because I did not feel comfortable telling my employer at that time that I had recently interviewed at another company. Other reasons were because I felt confident in other job prospects (both internal and external opportunities) and wanted to see it through.
- I received a job offer, told my employer about it, and instead accepted their counter offer. This is because there were valid reasons (pros) for staying. The new opportunity would have been awesome, but ultimately, I decided that it wasn’t time to change. The counter offer was also the opportunity for the employer to show me that they valued my contribution.
It is up to you to assess your job situation and determine if accepting a counter offer or perusing a new job opportunity is right. I wish you the best of luck!
You can read the original “Never accept a counter offer!!!……Here is why” article which lists these 11 (12 actually) reasons to not accept a counter offer. Excerpts of the original article are republished here with the expressed permission of the original author. We encourage you to read the original article as well!
Tell me your thoughts in the comments and let’s open a dialog. I would be excited to hear other opinions on this topic.
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With 12 years of diverse project management experience, Chad brings a unique perspective to PMforToday.com. Whether it was at the start of his career as an ice cream store manager or more recently as a Lean Six Sigma Black Belt and ITIL leader in the telecommunications arena, Chad has always zeroed in on the kinds of changes that make a business function more effectively. Chad's formal background in process improvement complements his seasoned project repertoire. He's never found a team or process that couldn't improve in some area, and Chad is a firm believer that a healthy company culture is fundamental to any process improvement initiative.
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