You give a notice to leave your current position and your employer makes a “counter offer” to keep you from leaving.
What do you do? Take it, leave it, think it over???
Are counter offers productive? You really need to think about whether or not to take a “counter offer” since the enchantment of it all may be short-lived and you’ve already proven that you’re ready to leave—the following reasons explain why taking a counter offer can cost you more in the long run.
Reason 1. You have now made your employer aware that you are unhappy.
From this day on, your loyalty will always be in question.
Reason 2. When promotion time comes around, your employer will remember who was loyal and who wasn’t.
Reason 3. When times are tough, your employer will begin the cutbacks with you.
Reason 4. Accepting a counter offer is an insult to your intelligence and a blow to your personal pride, knowing you were bought.
Reason 5. Where is the money from the counter offer coming from? Is it your next raise delivered early? Most companies have strict salary guidelines, which must be followed.
Reason 6. Your company will immediately start looking for a new person at a cheaper price.
Reason 7. The same circumstances, which caused you to consider a change, will repeat themselves in the future even if you accept a counter offer.
Reason 8. Statistics show that if you accept a counter offer, the probability of you leaving voluntarily in six months or being let go within a year is extremely high.
Reason 9. Once the word gets out, the relationship that you now enjoy with your colleagues will never be the same. You will lose the personal satisfaction of peer group acceptance.
Reason 10. What type of company do you work for if you have to threaten to resign before they provide you with what you are worth?