• DEALING WITH COUNTER OFFERS

    ECi Executive is your Technical & Professional Search Partner specialising in the Engineering, Construction & Infrastructure sectors.

    FIND OUT MORE

  • DEALING WITH COUNTER OFFERS

    ECi Executive is your Technical & Professional Search Partner specialising in the Engineering, Construction & Infrastructure sectors.

    FIND OUT MORE

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DEALING WITH COUNTEROFFERS

You should always prepare yourself for a counteroffer if you are resigning from a company. If your current employer really wants to keep you they might approach you with a counteroffer in an attempt to get you to stay. It is always good to play this out in your head so you can react to the different scenarios and how you would respond to a new opportunity in your company or additional renumeration offer – realistically you should do this at the outset and speak to someone internally to avoid getting to this point.

If you have got to this stage it is important to remember why you wanted to leave in the first place! Don’t use job offers as a way to negotiate with your current company, you waste a lot of people’s time and you damage your own credibility. If you are unhappy about something we always recommend speaking to your employer first before going out into the market seeking other opportunities.

Companies will always counteroffer if a valuable member of staff is looking to leave. There are many reasons for this such as loss of revenue, cost of recruitment, training, damage to the internal culture and the risk associated with bringing in a new replacement – will they fill your shoes and deliver? When a counteroffer comes your way you need to remember there was something that pushed you to apply for that job in the first place. If you were to accept the counteroffer now would you end up in the same position a few months down the line? Interestingly it was proven in a study that 80% of those who accepted a counteroffer from their current employer ended up leaving within the first 6 months.

For this reason it is important to think of the following:

  1. Remember why you wanted to leave & analyise the offer compared to your initial reasoning – it is a stressful time so make sure you are being influenced for the right reasons.
  2. Identify why it has taken your employer so long or this event to provide a change in your renumeration or change in role – this could be down to you also due to lack of communication but make sure this is not a quick fix solution.
  3. Think longer term, is this enough to make you stay and can you see this making you happier in your role/within the company from now onwards.
  4. Has this damaged your relationships and credibility within the company, could this affect your progression longer term.
  5. Don’t lose out in the opportunity you are being offered, a lot of the time companies will be quite disappointed if you get to offer stage and you decline at the final hurdle to stay at your current company – again these are considerations you should have taken initially!!

Overall, it is important to communicate with all parties and be upfront throughout the recruitment process. If you do the right thing, you won’t burn bridges and you will keep your options open regardless of your decision.

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