Should You Accept a Counter Offer? A Good Solution or a Temporary Fix?
TORONTO, March 22, 2012 – So you've secured a great new job and you've handed in your resignation. Suddenly your boss offers you a counter offer – what do you do?
Counter offers can be both tempting and flattering and can take many forms, such as an increase in salary, additional company benefits, a sought-after promotion, additional responsibilities, or any combination of the above.
But according to Stacy Parker, Executive Vice President of Marketing for Randstad Canada, most employees who accept a counter offer typically end up leaving six to 12 months after the acceptance. “That’s why it's especially important for employees to determine whether accepting a counteroffer is the right solution for them or whether it’s just a temporary fix,” she says.
Parker explains that it’s important to consider some of the following factors before accepting a counter offer:
• Think about the past, present and future. Ask yourself the big questions that led you to search for a new opportunity in the first place: Do you feel appreciated at work? Is your work fulfilling? Are you satisfied with the work-life balance at your place of work? What are your prospects for the future? Consider these factors when deciding whether to accept or reject the counter offer.
• Your employer is now aware that you are unhappy and they may doubt your ongoing loyalty to the organization.
• Consider that accepting a counter offer may burn the bridge with the company where you successfully interviewed and received an offer. It is not an easy process to find the right person to fill a position. Once a manager decides to extend an offer, they begin to plan for the new employee’s start date it can be very disappointing to be told their prime candidate accepted a counter offer.
Parker says these situations require careful consideration and should be handled with the utmost professionalism. “Determining whether a counteroffer will address your concerns—without creating even bigger ones—is not an easy feat. But it’s up to you, and only you, to decide whether you want to give your current employer another chance. My best advice, weigh all of the options as well as the possible reprecussions and most importantly be confident in your decision."
About Randstad Canada: Randstad Canada is the Canadian leader for staffing, recruitment and HR Services. As the only fully integrated staffing company in the country, we understand the recruitment needs and demands of employers and job seekers across all levels and industries. Through our insightful knowledge of local markets, employment trends and global network of recruitment experts, we are shaping the Canadian world of work. Visit randstad.ca.