Should you accept a counter-offer?

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If you’re starting to think about looking for a new job opportunity, consider whether or not you would accept a counter-offer from your current employer.  

If there is something they can offer to retain you, consider how likely it is that you will get what you want before investing time and energy into the job search. This will not only save you time, it will also protect your reputation in the market.

 

What is a counter-offer?

When your current employer offers you an incentive to stay with the business after you have resigned. This could be a pay-rise, bonus, promotion, flexible working hours or anything else that may incentivise you to stay.

If you have to resign in order to gain additional benefits, chances are your future prospects will be limited.

Before accepting a counter-offer, reflect on the following:

  • Have the reasons why you decided to leave in the first place changed?
  • What does the new opportunity offer that your current role doesn’t?
  • Why did you have to resign to get the new benefits?
  • What are your future career prospects like if you stay with your current employer?
  • Will your employer end up resenting you for resigning in the first place?
  • How will accepting a counter-offer affect your reputation in the market place?

If you have to resign in order to gain additional benefits, chances are your future prospects will be limited. Most importantly though, any additional benefits you gain from accepting a counter-offer are unlikely to counteract the reasons why you wanted to leave in the first place, making it inevitable that you will have to go through the job search process all over again.

If you would like further advice about whether or not to accept a counter-offer please get in touch with one of our expert consultants, who can talk through your particular situation further.

Check your market rate by downloading our Salary Checker App and make sure you're offered the right salary for your skills and experience.

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