It's natural to feel excited and flattered when you receive a counter offer from your current employer, especially if you have been thinking about leaving for a new job. However, it's important to carefully consider the pros and cons before making a decision.
Below are my 4 top tips on what you need to consider when considering a counter offer:
Why did you accept the new job in the first place? Did you accept it because you were unhappy in your current job, or for other reasons such as better pay, benefits, or a better work-life balance? If you accepted the new job because you were unhappy in your current job, a counter offer might not address the underlying issues that led you to look for a new job in the first place.
What is being offered in the counter offer? Is it more money, a promotion, or other benefits? While a counter offer might be tempting, it's important to consider whether it truly addresses your needs and goals.
How does the counter offer compare to the offer from the new company? Are you being offered more money or other benefits by the new company? If so, it might be worth considering whether the new company is a better fit for you in the long run.
Are there any strings attached to the counter offer? Is the company asking you to commit to a certain length of time in exchange for the counter offer? If so, you'll want to consider whether you're comfortable making that commitment.
Ultimately, the decision to accept or decline a counter offer should be based on what is best for you and your career goals. Take some time to weigh the pros and cons and consider speaking with a trusted mentor or career coach for additional guidance.
One final tip - don’t keep your current offer waiting for two long. Offers can be retracted if you leave them feeling second best!
Liam Pietzka
Director/Product and Digital Recruiter | Brightbox Consulting
E: liam@brightboxconsulting.com.au
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