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Counteroffers: Should I Stay or Should I Go?
If
“resignation” is the word that strikes fear into all employers, then
“counteroffer”
is the one
that strikes fear into an employee’s heart. “What should I do? They’ve
matched my offer?”
It’s Friday
afternoon. You walk into your boss’ office and ask the question that has
sent scared many a managers —“Do you have a minute,” you ask. At that
moment, he knows you’re resigning and if he/she wants you, they will
have to
fight to keep you.
“Why? We love
you. Please stay! Don’t go! What do we have to do to keep you?”
Recently, two
people who accepted an offer from a client of mine called me to tell me
that they accepted a counteroffer to remain with their current firm. The
one who had been with his current firm for twelve years seemed to make a
decision that made sense; the other, however, had pleaded to get a
fulltime job and leave consulting. His assignment was ending and he said
he wanted the stability of a fulltime job. Earning $45 per hour without
benefits, he accepted a small increase in his hourly rate, rather than a
fulltime salary of $93000 plus bonus and great benefits from an employer
that he kept begging me to get him to see for a job that he said he
loved. Why? He told me, “They need me. (as though my client didn’t.; as
though the loss of revenue for his consulting firm and the difficulty
they would have replacing him quickly at the client didn’t bother them a
wee bit).”
Between the
moment you quit and your departure date, your employer may
try to
persuade you to stay.
Your mentor in the firm calls to talk with you. Your colleagues ask you
to lunch and want to know why you’re going, where and for how much. Your
boss’ boss asks to meet you. You are now the most important person at
your company. You’re asked, “What will it take to keep you?” And this
goes on for two weeks.
The
pressure
to accept a counteroffer can be enormous. The monetary offer can be
tempting to stay. The promises to rectify everything that ticks you can
be enormous. Yet, let’s look at what is going on from an employer’s
perspective.
Your
resignation is coming at an
untimely
moment; they are not prepared to replace you with someone who can step
up and do your job. The
cost of
replacing you
in dollars and effort (how many resumes will need to be read and people
interviewed before they hire someone who they will need to train—AND
they may have to pay a higher salary than what you were earning plus a
fee to the search firm for a person who doesn’t know what you know. Can
you see
it’s not
about you,
personally) is large.
At the time
you decide to change jobs,
write down
the reasons
why you want
to leave—I’m bored. I want to make more money. My boss is a
micromanager. I want to learn something new. I want to work closer to
home—write down the reasons and put them in a place where you can find
them at the time you give notice.
Then, before
giving notice, find the list and review it.
Do not be
seduced by the emotional response
you may receive. Remember, the money they offer may only be your next
raise pushed up a few months. Listen carefully to the promises that are
made and remember that nothing is being put into writing; it is just the
desperate effort to keep someone who was
taken for
granted
for so long who they are now forced to remember they have underpaid,
treated poorly and need to accomplish their objectives.
Few
counteroffers should be considered, let alone accepted.
I fully expect to see the consultant’s resume online again in a few
months because the core issues that caused him to look for a job were
not
resolved.
==============================
Jeff
Altman has successfully assisted many
corporations identify management leaders and staff in technology,
accounting, finance, sales, marketing and other disciplines since 1971.
He is also co-founder of Your Next Job, a networking group focused on
assisting technology professionals with their job search, a certified
leader of the ManKind Project, a not for profit organization that
assists men with life issues, and a practicing psychotherapist. For
additional job hunting or hiring tips, go to
http://www.newyorkmetrotechnologyjobs.com If
you would like Jeff and his firm to assist you with hiring staff, or if
you would like help with a strategic job change, send an email to him at
[email protected]
(If you’re looking for a new position, include your resume).
Article
Source:
http://EzineArticles.com/
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