Counter Offer Crossroads: Should You Stay or Should You Go?

Should You Stay or Should You Go?

Originally featured in our LinkedIn newsletter, this blog offers a deep dive into building a valuable partnership with a professional recruiter. Want more insights like this? Subscribe to our updates on LinkedIn at Blackmere Candidate Connection.

Congratulations! You impressed multiple employers and landed not just one, but two exciting job offers. This is a fantastic position to be in, but it also presents a new challenge: navigating a potential counteroffer from your current employer.

While a counteroffer can be tempting, especially if it involves a salary increase, statistics show it often isn't the best long-term decision for your career. Here's why, based on proven research:

• High Likelihood of Leaving Anyway: Studies by Glassdoor suggest that 50% to 80% of employees who accept counter offers end up leaving the company within six months. This high turnover rate highlights the underlying reasons for your initial decision to seek new opportunities, which a simple pay raise might not address.

• Strained Relationships: Accepting a counteroffer can damage trust with your current employer. They may question your loyalty and commitment, potentially leading to a less supportive work environment.

• Limited Growth Potential: If the root cause of your job search was lack of growth opportunities, a counteroffer likely won't address it. You might find yourself stuck in the same role with limited career progression.

• Focus on the "Why" Behind Your Job Search: Reflect on the reasons that led you to explore new opportunities in the first place. Was it salary, company culture, lack of growth, or a combination of factors? A counteroffer might only address one aspect, leaving you unfulfilled in the long run.

Before making a decision, consider these helpful tips:

• Evaluate the New Offer vs. Counteroffer: Carefully compare the total compensation package, including benefits, work-life balance, and career growth possibilities, of both offers.

• Have an Honest Conversation with Your Current Manager: Be transparent about the new offer and your reasons for considering it. This conversation can be an opportunity to understand if they can address your concerns and create a path for your future within the company.

• Focus on Long-Term Career Goals: Don't be swayed solely by short-term financial gain. Consider which opportunity best aligns with your professional development and long-term career aspirations.

Blackmere Career Coaching Services can help you navigate this critical decision point. Our coaches will provide personalized guidance, helping you analyze both offers, understand your priorities, and confidently choose the path that sets you up for career success.

Remember, receiving a counteroffer is a testament to your value. Use this leverage to your advantage and choose the opportunity that best aligns with your career goals and overall well-being. Stay tuned for our final post in this series, offering valuable tips on how to set yourself up for success in your new gig!