The internal decision to end collaboration with your current employer begins as a seed in your mind, deeply rooted in substantial reasons. Once you realise it, it continues to grow and develop.
đ What is a counter-offer?
When a new company proposes a more attractive role with better terms than your current position and after careful consideration, you decide to accept this offer. However, upon submitting your resignation, your present employer gives an equally compelling offer/ better offer to retain you. This appeal is known as a counter-offerđźđ.
đ đStatistics reveal that 80 to 93% of individuals who accept counter-offers either voluntarily resign or are terminated within a year. More than half of those who receive counter-offers after resigning end up accepting them. However, within just three months, 67% of these individuals start job hunting again. After eighteen months, 93% have left their roles, either by choice or termination. Of the remaining 7%, only 1% are not actively seeking new employment opportunities.
Counter-offers often come with flattering statements to persuade you to stay:
"You're too valuable, and we need you."
"You can't desert the team/your friends and leave them (guilt trip)."
"We were just about to promote/raise you, and it was confidential 'til now!"
"What did they offer, why were you leaving, and what do you need to stay?"
"Why would you want to work for that company?"
"The President/ Director wants to meet with you before you make your final decision."
Counter-offers typically come in various forms, each designed to motivate you to stay:
đľ Salary Increase
đ Promotion/More Responsibility
đ Modified Reporting Structure
đ¤ Promises of Future Considerations
đŁď¸ Disparaging Remarks about the New Company/Job or Guilt Trips
âTo guide your decision-making process, focus on the facts and consider these questions:
Timing:Â When did the idea to stop collaborating with your employer first come to you?
Motivation:Â What prompted you to end this collaboration? Why do you consider terminating this collaboration?
Importance:Â How significant are these reasons to you, and why do they matter so much?
Communication:Â How often have you raised these issues with management?
Changes:Â What has changed since your last discussion with management?
Conditions vs. Concerns:Â Would these issues matter less to you if offered better conditions?
Duration of Change:Â How long do you think these changes will last?
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đ Decide on what fits your picture, your mission. Remember that while no company is perfect, there are companies that can meet your expectations. For a successful collaboration, it's crucial to define what truly matters to you before starting a new partnership:
Personal Alignment:Â Choose a company that fits your personal and professional vision.
Expectation Match:Â Look for companies that align with your expectations.
Pre-Collaboration Clarity:Â Clearly articulate your core values and needs before starting a new collaboration.
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