You sorted out your resume, went through the exhausting interview phase, and got the offer for your dream position, and that too, with a stunning salary. Now all that’s left is to resign from the company and join the new hirers. Simple, right? Just when you think that your troubles are all over, your existing employer gives you the counter offer leaving you in a frustrating quandary. Where staying might reward you with the comfort of a known place, leaving might bring new opportunities to grow professionally. It is crucial to weigh the pros and cons of both the internal and external offers before deciding on accepting any one of them.
Evaluate your career path and analyze which job might contribute towards the right direction of career development. Assess the traits and managerial skills of both the enterprises and how they can help you become a better version of your professional self. Ponder over the financial rewards in conjunction with employee benefits that each company proffers. There’s no single answer or solution to the predicament of a counter-offer. Here are few considerations you must look for when it comes to handling counter-offer:
If your current employee has put forward a counter-offer with increased salary and benefits, why wasn’t your contribution rewarded before resignation? The question of why did it take a resignation letter to get your value recognized raises frustration and mental disruption. One of the significant factors behind resignation is undervaluing the employee, and if your current employer doesn’t know your worth, you are better off with that organization.
The bad part about job hunting, while you are hired elsewhere, is that once your current employer, you become the trust-breaker. You become a disloyal employee of the company while creating the wrong perception about you. Your employer no longer views you as the team player or leader as it establishes the idea that you would be the first out if the organization goes through any trouble.
Know the market competitiveness
In case you reject the internal offer along with a salary raise and benefits for the external offer with better salary and benefits, make sure you are not overpaid. Being overpaid means getting more compensation as compared to the market rate for your work experience and skill level. Being overpaid makes it difficult for you to move from the company since there wouldn’t be any job meeting your salary demand. Your remuneration wouldn’t reflect your acquired experience, skills, and value.
Working for years at an organization means you have established a certain reputation and relationship with your employers. In case you decide not to work with the current employer, use this opportunity to express gratefulness while expressing your firm decision to leave. The counter-offer situation is a challenging and frustrating one and requires careful consideration. Whether you decide to accept or reject the offer, make sure your salary offer is a fair one. If you are worried about your salary offers and career progression, contact our experts at New England Staffing (nestaff.com) to get the right advice for career development.
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