Job searching has so many pitfalls to balance, step over and keep an eye on. Targeting your resume, negotiating your salary and selling your skills, just to name a few. But, once the job offers roll in and you successfully negotiate the compensation you deserve, it’s easy street and time to celebrate!
That is until you resign.
you're 10 seconds away from joining the best club
Saying adios to your boss seems easy until you find yourself in a counteroffer pressure cooker. You know, that moment in time when your boss freaks out, can’t imagine living life without you and starts crunching numbers. The age-old question pops up “What’s it going to take to keep you?”
Flattered, you start basking in the glow of money, fame and maybe even a promotion. Why not pit your new boss and your old boss against one another? Opportunity is knocking and we always encourage you to capitalize on opportunity right?
Slow Your CounterOffer Roll Turbo
Before you go too crazy, slow down and ask yourself why your boss is flipping out.
Are you really that impactful to the team? Will the business literally collapse once you’re gone? What’s the real reason he or she is upping your salary?
While it’s always nice to hear you’re appreciated, don’t be naïve. Look at the situation in its entirety.
Why now? Why didn’t your boss promote you before now? Why didn’t your boss increase your compensation to this level at your last merit review?
You know the answer; you just may not want to face the facts.
Time To Accept The Truth
The truth is, your boss does value you, or they’d simply let you walk out the door. But, just because they value you, doesn’t mean you should stay.
The reality is a counteroffer is reactionary. It’s a knee-jerk response to your resignation. Replacing you will be difficult, but not impossible. But, if your boss can convince you to stay, that’s one less fire he or she will have to put out.
So, You Accept The Counteroffer. What’s next
Once the flames are out and you’re sitting at your desk facing the daily grind, it’s all back to business as usual. You’re doing what you’ve always done and your boss, while happy to keep you, is likely a little put off by the load your increased compensation adds to the P&L.
The truth is, accepting a counteroffer is a quick way to get a pay increase and not hassle with learning a new culture or tackle a new job, but is that really what you want?
Why Were Your Looking
Instead of jumping on a counteroffer, reflect on why you started searching for a new job. What was missing from your career? Why were you itching to move?
If you stick with your current employer to clock a higher salary, will you be happy? Will you feel fulfilled and challenged? Let’s face it, there’s a reason you were looking to leave and accepting a counteroffer won’t make that reason disappear.
What’s more, while accepting a counteroffer may temporarily increase your salary, it will be accomplished through duress, which can lead to resentment and a rocky relationship long-term. On the other hand, leaving your current job offers you the best of all worlds: the opportunity to grow, accept new challenges and increase your salary! It’s a no-brainer; stick to your guns and resign.
While flattery will lead to a short-term increase in happiness at your current role, at the end of the day, I guarantee both you and your boss will regret the decision if you stay on board.
My advice? Don’t give your notice unless you’re ready to walk. And if you resign, do so and don’t look back, regardless of how sweet the counteroffer looks on paper!