It can be a difficult decision to resign from a role. When facing stress at work, it may seem like the best course of action to leave. Be it for more money, better benefits, or to change careers altogether, a resignation is met with varied reactions from the company in question. But what if the company is not ready to let go of the employee and rolls out an offer in hopes of retaining that employee?
Called the counter-offer, the deal could hinge on higher pay, immediate promotion opportunities,or exciting projects to work on.A counter-offer is handed over when you have resigned and your current employer counters with to encourage you to re-think your decision. It is a common scenario that requires careful consideration.
Essentially, there are two types of counter-offers that you might experience: financial and/or emotional. The former is when the company hikes your current compensation and the latter is when the company reiterates your valuable contributions and promises to give better resources or environment to help you enhance your career.
In the long run, it is not advisable toaccept counter-offers from current employers. Companies must understand and protect yourinterests and needs. If resignation is what it takes for the company to address your concerns, they are unlikely to make or maintain lasting changes.
A counter-offer only addresses immediate apprehensions. The decision to leave comes after considering all factors that led to it. If one reason to leave involved past conflicts or unsupportive behavior from the company, counter-offers are unlikely to resolve those issues.
Loyalties are questioned.Once you decide to leave, you have made up your mind and have moved on to thinking about new avenues. Accepting a counter-offer brings into question your loyalty to the company. This eventually raises eyebrows at the workplace, adding to negative work atmosphere.
If you have a good relationship with management and your team, it can be more worthwhile to consider counter-offers. If deciding to resign was a particularly tough decision, that can be a good marker for deeper consideration of the counter-offer.
The current company genuinely understands your skill and concern. When notified of your resignation, the management may take special interest in hearing your apprehensions and making amendments towards enabling a conducive workplace. If your current company is eager to utilize your niche skills and push your professional growth, it can be better for you to remain in one place, where management understands your career progress.
Assess if your decision is an impulsive one. Take time to talk to senior management who will be willing to hear you out. It’s easy to get caught up in the stress of the job, based on what could be temporary circumstances. A counter-offer could be a wake-up call to help you perform beyond everyone’s expectations. It also shows that the company values you more than what you had imagined.
Whatever the situation and decision, do keep your end goal in sight. Talk to yourself to understand why you wanted to leave. Do not let guilt, blame, or persuasion divert your decision in the process. Stay professional and in control of the situation, without compromising what is most important to you.
Author: Todd Williams