When you submit your resignation Letter (Template for Resignation Letter), your current employer may surprise you with a counter offer… Here are strategies for handling the situation when a counter offer from a current emploer is on the table.
Counter Offer from Current Employer
A job seeker recently asked:
I was offered a job, but when I turned in my resignation at my current company, my boss made me a counter-offer to stay. What should I do?
This is a tricky one, because EngageScientific.com has a solid list of reasons for not accepting a counter offer. One of the reasons listed clearly states the following:
“Statistics show that if you accept a counteroffer, the probability of voluntarily leaving in six (6) months, or being let go within one (1) year, is extremely high.
- 85% of people who accept a counter offer are gone in six (6) months, and
- 90% of people who accept are gone in one (1) year.”
Many times, it’s because the employee was fired, not because they received another job offer.
Moreover, there is BusinessInsider’s advice in “Why You Should or Shouldn’t Take the CounterOffer When Resigning“
If you are in the midst of working on a key project when you get another job offer, your boss may offer you more money to stay so that the project can be completed. However, when the project ends, you may not be assigned to another key project because you’re seen as “disloyal” or a “flight risk,” or you may be asked to train other employees on your major responsibilities and tasks in case you do get offered another job — because the company doesn’t want to be caught in that same position again.
From a personal perspective, there was obviously a reason why you were considering or looking for a new job. Once you have submitted a Resignation Letter (Two Weeks Notice Example), it may be too late to request to get the raise you deserve.
Often, a higher salary isn’t the only reason why people accept a new job offer. Even if your current employer matches the salary offered by the new employer, the counter offer won’t address other reasons why you were considering a job change or career change.
In the “Job Offer” Series
WAITING FOR JOB OFFER
JOB OFFER COUNTER OFFER
CONDITIONAL EMPLOYMENT OFFER
HOW TO HANDLE MULTIPLE JOB OFFERS
About the Author
Mandy Fard is a Certified Professional Resume Writer (CPRW, CMRW) and Recruiter with decades of experience in assisting job seekers, working directly with employers in multiple industries, and writing proven-effective resumes.
Feel free to connect with Mandy Fard on LinkedIn: https://www.linkedin.com/in/mandyfard/
Please follow Market-Connections Resume Services on LinkedIn: