Well done! You’ve gone through the difficult process of interviews, waiting periods, potential rejections, and a lot of emotions. Many people find it daunting to look for a new career. This can be caused by apprehension of change, new beginnings, taking risks, and leaving comfortable situations. However, taking a deep breath and taking a significant leap of faith can lead you to a new position that is more suitable and beneficial for you.
Leaving can become even more difficult when your decision is met with a counter offer from your current employer. Your decision may be questioned and your subconscious may make you question your loyalty, or lack thereof, leaving you guilty for prioritizing your interests and the progress of your profession.
“We will advise you in this blog on how to respond to a counter offer from your current company.”
We will advise you in this blog on how to respond to a counter offer from your current company.
What is a counter offer?
In hiring situations, a counter offer is often made in reaction to an offer that the employee has received from his potential employer. It is an effort on the part of the employer to retain the worker and persuade him to revoke the resignation. Once the employee has delivered the notification, this typically happens. A counter offer typically includes attractive perks such as a pay raise or promotion because its goal is to persuade the worker to reconsider quitting.
Employers now place more emphasis on employee retention than ever, which is why they may be making a counter offer. Building and maintaining a successful business depends on attracting and retaining employees, as happy workers contribute to a positive workplace culture.
The possible risks of settlement
It is vital that you are fully aware of the real reasons the employer is begging you to accept the counter offer. A recruiting consultant can run a business of up to £ 3,000 on average when he hires a new employee. Employers are well aware of the costs associated with replacement; the money needed to hire and train a replacement can be very expensive. They could save money by convincing you to stay.
The real reasons why your employer might be begging you to rethink need to be carefully considered, as in most situations, accepting the job offer for your new career and rejecting the counter offer may be in your best long-term interest. .
Keep in mind that if your main reasons for leaving are a toxic work environment, a poor company culture or a sense of undervaluation, it is probably best to find another job because a higher salary or a position with more responsibility is unlikely to get you. feel differently.
Handle a counter offer
Take your time to carefully weigh the pros and cons of staying in your current position before deciding whether to accept or decline your counter offer. However, it is equally crucial to let your potential employer know when you intend to make a decision.
Trust your instincts! More than anyone else, you are aware of the qualities you value most. What was the most crucial factor for you after evaluating everything? What did you think was important? Will the accommodation help you get there? After weighing all the pros and cons, follow your gut if you’re still unsure which offer to accept. What seems appropriate to you?
As soon as you make a choice, immediately notify your current employer. This shows your respect for them and gives you a chance to express gratitude for the counter offer and all the assistance and opportunities you have received working for them. Then you can tell them directly that you are refusing the offer.
Hence, you can inform your prospective company of your acceptance as soon as possible!