So you’ve been offered a new job, you’ve accepted and now the time has come to hand in your notice. But when you go to resign, your manager offers to increase your salary, your benefits or your responsibilities if you stay - should you accept?
Leaving your job can be nerve-wracking, so it’s not surprising that many employees are tempted to stay with what they know - especially if they’re offered more money to do so. But while accepting a counter offer may be beneficial initially, here are some of the reasons that you may be better off moving to a new role in the long term.
The relationship with your employer will be damaged
One of the key reasons you might not want to accept a counter offer is the damage that may be caused to your relationship with your employer.
Because you have already expressed an interest in leaving, your manager will be aware that you are (or at least were) unhappy in your role and may question your commitment to your job and to the company.
You may find that your manager keeps a closer eye on your work than they would have before, and at worst, some employees have even found their job security decreases. Not only could you be less likely to receive a pay rise or promotion in the future, if cuts need to be made, employers may turn to those who have previously planned to leave first.
The offer is for their benefit, not yours
It’s understandable that it can feel quite flattering to be asked to stay when you hand in your notice. But it’s important to remember that more often than not, your employer is urging you not to leave for their benefit, not yours.
If you’re offered a higher salary - why weren’t you being paid that much before? If you’re worth that much now, you were worth that much yesterday. You shouldn’t have to threaten to leave before you’re paid what you deserve.
It’s much more cost effective for your employer to pay you more than to attract, recruit and train your replacement. So while it may seem like they’re paying out more, the company is actually saving money by convincing you to stay.
All the reasons you wanted to leave still exist
When considering a counter offer, make sure you think about it in context - after all, there was a reason (more likely, multiple reasons) you wanted to leave in the first place. And it’s likely that these problems will continue if you decide to stay.
You likely thoroughly researched your new job and, because you chose to move there in the first place, the new company will probably align better with your aspirations and your preferred ways of working.
If you’ve made the decision to move to a different company, try not to doubt that choice once you receive a counter offer. A new job title or a higher salary is unlikely to change all the things you don’t enjoy in your current role. Your day-to-day tasks and responsibilities, manager, colleagues and overall company culture are much more closely linked with your happiness at work.
You could be missing out by not moving to a new role
While there are a number of challenges you could face with your current employer by accepting a counter offer, don’t forget to consider the job you would be turning down.
Think about the opportunities that come with a new job and a new company. Would staying in your current organisation offer the same long-term personal career development as moving to a new role? Could your new employer offer opportunities and experience that your current employer can’t?
We’ve found that many people who accept counter offers from their employer end up leaving within the next six to twelve months anyway. So while every case is different, it’s important to consider all of the above points before you decide whether to accept a counter offer.
XCL are experts at helping skilled and experienced candidates enter the next stage of their career. Working across a range of industries and sectors, we will find the roles (and employers) that are best suited to you, and only ever contact you regarding jobs that we genuinely believe you will be interested in.