A counter offer is an enticement from your current employer to stay with the company; a promise of more money, benefits, promotion, etc. It's much less expensive to keep a seasoned employee, verses training someone new they hope will deliver your excellence.
Before deciding to accept or reject a counter offer, consider the statements and questions listed below:
- -Why did you start looking for another job; are you unhappy where you are?
- -If you are unhappy with your employer, do you think throwing money at the problem will improve your circumstances; could you live with staying put?
- -A large percentage of those who accept counter offers begin looking for other work or are terminated within a year.
- -If my employer pays this incentive, will they feel leveraged; doubt your loyalty; loose trust? Will it destroy my working relationship?
- -If I described the best possible work environment, would it look like my current employer?
- -Why did my employer only pay what I'm worth only after I considered other job opportunities?
- -Will my future and growth in the company be stymied?
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