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What to do if employer makes counter offer when you quit

Published: Tue 1 Aug 2017 11:55 AM
How to quit your job and stay friends looks at how to resign without harming your future career prospects.
Some resignations are messy. Including those where your existing employer makes a counter offer when you quit.
While these counter offers look tempting, nine times out of ten you shouldn’t consider them. You’ve made a decision to quit. Just go.
There are times when you might consider a counter offer. For example:
The Leapfrog
Your career is at an early stage.You quit to take a higher-level job elsewhere. Staying put can make sense if a counter offer involves a promotion that sees you leapfrog the external position. Although many negatives — see below — about staying put may still apply, advancing your career is more important at this stage.
Changed Circumstances
You quit because the terms of an employment change making it impossible for you to stay, but the terms change again. Say your employer plans to move your function to a distant city or a suburb that's difficult to get to. Staying makes sense if, after you resign, your employer cancels the move.
Of course there are other special cases. A belated, grudging offer or more money or a promise to correct bad behaviour is not a good enough reason to stay.
Here are six reasons why you’ll be better off moving:
The Closing Door
Failing to go could mean you won’t get another chance for some time. At least not from the spurned employer. Remember, employers talk to each other — your actions might have wider repercussions.
Motivation
Something moved you to quit. Whatever it was, it must have been important. A counter offer might address all the things that bug you about your current job. It's possible but unlikely.
Boss Panic
If you’re a key employee, your manager probably went into crises mode when your resignation arrived. While the panic persists he or she would be willing to make promises he or she can't deliver. Consciously or not, that person will say whatever it takes to keep you. The backtracking will almost certainly start within days of your agreeing to stay.
Funny Money
A promised salary increases made as a counter offer are likely to be at the expense of your next scheduled increase. Employers lift employee salaries at these moments only to bypass that employee in the next salary review. When the review comes they’ll remind you of that big hike — but sidestep the reason for giving it to you.
Leverage
Agreeing to stay weakens your future negotiating position. Your employer knows you blinked first last time. He or she knows they’ve got you where they want you and how to keep you under control.
Self-esteem
A financial counter offer is an insult. If you were only worth $x a year yesterday, how come you’re suddenly worth $x+y today? Obviously these guys have underpaid you in the past. What’s to say they won’t do so again? If you stay, they’ll figure you lack self-respect and treat you so.
What to do if employer makes counter offer when you quit was first posted at billbennett.co.nz.
Digitl
New Zealand technology news
Bill Bennett publishes technology news and features that are directly relevant to New Zealand readers.
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