Should You Consider a Job Counter Offer?

By: Ck Tan

It is expensive to hire a new employee, and employers willdo all they can to keep the employees they have. This means that you have a lotof negotiating power to work with. It is less expensive to entice you to staythan it is to find, hire and train a replacement. You’re already trained andyou already have in-depth knowledge of the projects you are working on. It willtake a lot of time to get a new employee up to speed on all that you’re workingon. If you give your present employer an opportunity to present you with a jobcounter offer, you could end up getting a very sweet offer.

But do you want it? If you’re in the job market, there areobviously very good reasons why your current job is not working for you. Moremoney may not be able to solve all of the issues that you are up against. Manycounter offers are made based on raises and promotions that the company hadalready planned on giving you. You might, in fact, only be getting your raiseearly with nothing more planned to come later.

A counter offer is not a guarantee of employment. Statisticsshow that 80% of? people who take counter offers are out of a job within ayear. Some are fired because employers feel that they are disloyal and thatthey will continue looking for another job. Many quit because whatever it wasthat made them look for another job is still an issue.

Before you discuss the possibility of a job counter offerwith your present employer, you need to be 100% sure that you are prepared toleave your current position. Your employer might ask that you leave right awaydue to the fact that you have been seeking employment elsewhere. For thisreason, you should be 100% sure that you are ready to leave your currentposition before you broach the subject of a counter offer.

Careers and Job Hunting
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