Counter offer

It is often a real dilemma when your current employer makes you an offer to stay in their employment, usually a pay rise or a much wanted promotion or favourable change in conditions. More often than not this will happen if an employer thinks you may be about to resign or as a result of your formal resignation.

Let’s take some time to explore the options:

  • Employers often make counteroffers in a moment of panic. However once the initial panic subsides, you may find your relationship with your employer has fundamentally changed. You are now the one who was looking to leave, therefore they may always be suspicious that you will look to move again and could be overlooked for key promotional roles.
  • Your company may want you there to cover a project or to give them enough time to find your replacement. It is estimated that within one year, most employees who accept a counter offer leave their original company.
  • Remember the main reason you were looking for a new role in the first place, those reasons don’t normally disappear until you have satisfied the need in new role.
  • Even if you are offered financial improvement or promotion - effectively an inducement to stay - think about what it took to get it and consider that future pay reviews may be compromised.
  • Keep foremost in your mind that in order to get promotion, financial improvement or change in conditions you had to threaten to leave. Even if you are offered financial improvement or promotion to stay, think about what it took to get it. At the next pay review, you might be refused on the grounds of the rise they needed to give you in order to keep you.

For advice regarding any negotiations with your existing employer when applying for a role with sjb medical please contact us

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