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Message
re: Accepting a counter offer?
Posted on 8/26/21 at 11:17 am to texasmason
Posted on 8/26/21 at 11:17 am to texasmason
I went through the same thing a few months ago. Asked for a raise about a year ago, and it took them 5 or 6 months to give me what I considered a slap in the face raise under my former boss. We had a very uncomfortable talk about why that raise sucked. So I started looking and found a really appealing offer within a month or so.
I wouldn't have stuck around for a simple match if that was all they were willing to do. The money was only part of why I wasn't happy.
They ended up making a lot more concessions on other things. Our dept was severely short handed to the point I was working well over 60 hours a week, nights, weekends, vacations, sick days, and middle of the night. All of that while being underpaid. I didn't have any real leadership or assistance, and I wanted to work from home. They conceded on every bit of that.
Our CIO was hands on for the week I had submitted my resignation in trying to get me to stay. My gut feeling was that he was genuine in wanting me to stay and I was confident that they can't simply replace me without a lot of headache and problems. I'm replaceable, but not in a simple way at least. And it's a long time to get someone knowledgeable enough with what we do to do what I do as efficiently as I do it.
I read a lot of "do not accept counter offer" spiels online. Most were from recruiting sites who obviously never want a candidate to accept a counter offer because it spoils their commission. So it's bias opinions which are not valuable. My $.02 is gauge your position with the current company. If you feel like they're just trying to keep you around long enough to have redundancy with what you're doing, I'd move on. Otherwise, no harm in accepting a counter offer. You're aware of the risks and rewards of both options.
I wouldn't have stuck around for a simple match if that was all they were willing to do. The money was only part of why I wasn't happy.
They ended up making a lot more concessions on other things. Our dept was severely short handed to the point I was working well over 60 hours a week, nights, weekends, vacations, sick days, and middle of the night. All of that while being underpaid. I didn't have any real leadership or assistance, and I wanted to work from home. They conceded on every bit of that.
Our CIO was hands on for the week I had submitted my resignation in trying to get me to stay. My gut feeling was that he was genuine in wanting me to stay and I was confident that they can't simply replace me without a lot of headache and problems. I'm replaceable, but not in a simple way at least. And it's a long time to get someone knowledgeable enough with what we do to do what I do as efficiently as I do it.
I read a lot of "do not accept counter offer" spiels online. Most were from recruiting sites who obviously never want a candidate to accept a counter offer because it spoils their commission. So it's bias opinions which are not valuable. My $.02 is gauge your position with the current company. If you feel like they're just trying to keep you around long enough to have redundancy with what you're doing, I'd move on. Otherwise, no harm in accepting a counter offer. You're aware of the risks and rewards of both options.
This post was edited on 8/26/21 at 11:19 am
1
Posted on 8/26/21 at 11:33 am to texasmason
I just accepted a counter offer. I was in second week of my two weeks notice and I caved on their offer. May bite me later but this is a good company and I really wasn’t actively looking for another job to begin with as I was recruited by a former coworker.
Posted on 8/26/21 at 11:38 am to WhiskeyThrottle
I maybe should not have used the word "never" in my post, as there are probably some situations where a counter offer is made in good faith and the offer is beneficial to both parties. I would say in most cases, they are "panic" offers made by management to avoid both the loss of productivity and the cost of finding and training a suitable replacement.
Posted on 8/26/21 at 11:46 am to texasmason
So only now, that you've informed them of your intent to leave did they decide to pay you what you're worth? Nah, I'd be out.
Posted on 8/26/21 at 11:49 am to texasmason
Unless you are Jimmy Sexton, Saban and many others’ agent who plays this game exquisitely, when I take decision to look/go somewhere else,there is no turning back.
Retaliation is one of reasons. What May appear to be improvement at existing employer May be short lived.
That said, have seen retention bonuses have no negative impact on recipients.
Retaliation is one of reasons. What May appear to be improvement at existing employer May be short lived.
That said, have seen retention bonuses have no negative impact on recipients.
Posted on 8/26/21 at 11:49 am to texasmason
quote:
Pretty sure if I accept the counter and if anything goes wrong I would be the first to be let go since they know I have already looked elsewhere.
If they are making a counter offer, I doubt they want you gone. I've got co-workers who accepted counter offers, and they have no issues.
Posted on 8/26/21 at 11:50 am to The Spleen
quote:
I maybe should not have used the word "never" in my post, as there are probably some situations where a counter offer is made in good faith and the offer is beneficial to both parties. I would say in most cases, they are "panic" offers made by management to avoid both the loss of productivity and the cost of finding and training a suitable replacement.
Agreed. Ultimately, it's up to the OP to determine if he believes his management genuinely wants him around or just needs his warm body until they can replace him.
Posted on 8/26/21 at 11:58 am to texasmason
20 years ago, I had a company come to me and offer me a job. I wasn't looking for another job. They gave me a great offer, so I accepted. My current boss countered and I rejected his offer. At the time, I wasn't sure what the right thing to do was. My boss was great, company was great, but the ceiling at the new job was much higher so I took it. I've been there every since. I don't regret it at all.
Posted on 8/26/21 at 12:03 pm to rebel cat
quote:
Ask for a singing bonus.
Posted on 8/26/21 at 12:06 pm to The Spleen
quote:
I'm of the opinion that you never take a counter offer. There's a reason you sought out another position, and if your current company didn't see your worth until you were ready to leave, they likely never will.
May be some of the best advice ever offered on this website
Posted on 8/26/21 at 12:13 pm to texasmason
IMO, it depends on how you got to this point. If you were unhappy, sought out a new job and now they are responding, I'd say leave. If you are happy where you are and this new opportunity fell in your lap and they countered, it is worth considering staying.
I've had 2 jobs where I was not appreciated appropriately and started looking. Both gave me a promotion prior to me finding a new job. But, the damage was done. I left both within a month of getting the promotion.
There is no 100% answer here. Depends on your unique situation.
I've had 2 jobs where I was not appreciated appropriately and started looking. Both gave me a promotion prior to me finding a new job. But, the damage was done. I left both within a month of getting the promotion.
There is no 100% answer here. Depends on your unique situation.
Posted on 8/26/21 at 12:14 pm to Mingo Was His NameO
quote:
If your company and/or boss takes business personal you want to take the new job anyway.
Thread/
This is standard practice and should not be taken personally by your current employer.
Posted on 8/26/21 at 12:38 pm to texasmason
Tough call....
If salary was your only reason to bolt, you may want to just roll with the highest offer.
If salary was your only reason to bolt, you may want to just roll with the highest offer.
Posted on 8/26/21 at 12:59 pm to texasmason
The exact situation happened to me a few years ago. I stayed with first company only to be laid off 60 days later…. I can’t tell you what to do, but I can tell you what I will never do again.
Posted on 8/26/21 at 1:10 pm to The Spleen
quote:
I'm of the opinion that you never take a counter offer. There's a reason you sought out another position, and if your current company didn't see your worth until you were ready to leave, they likely never will.
this ^^^^^^^
if they treated you bad enough to look elsewhere then nothing will change if you stay. you get a raise or promotion to stay and then you will still get overlooked and treated badly from then on.
i would only accept a counter if they made part of the deal detailed structure so your reasons for leaving get resolved permanently.
i had an employer agree to match the pay but he balked at regular scheduled raises based on time i was there.
the main reason i left was new employees were hired at higher pay then me and his excuse was thats what they made at their last job BS. i was credited by my boss as the sole reason sales increased to over 1/4 million a year, yet my pay hadnt changed in 2 years.
the fact he couldnt commit to a set scale of getting a raise every year told me nothing would ever change there.
an employer either appreciates you and sees you are getting a revue and fairly compensated at regular intervals or they dont. if they dont then you have no real future there unless you like being under paid and under appreciated and not respected
Posted on 8/26/21 at 1:48 pm to siliconvalleytiger
quote:
Spot on. Plus most people who take counters leave within a year anyway. Because mentally you’ve decided to leave.
This. We literally counter-offered a guy six months ago and he put in his notice today. It's business, so I can't blame him and he's leaving for Florida, but we lost on this one.
Posted on 8/26/21 at 1:50 pm to texasmason
If you were looking for the new position for more salary and you can get that with the counter, off course take it, but don’t expect an annual raise for a year or 2. If it is a change in responsibility, that is a different consideration. In the Bay Area this is now common business practice in tech and frankly you are respected for being ambitious and knowing your value. Also, if they are willing to counter they consider you vital and therefore less likely to be the first to go.
Staying also helps avoid the hassle of the trainings, setting up insurance and all the other on boarding headaches.
Congratulations on the raise
Staying also helps avoid the hassle of the trainings, setting up insurance and all the other on boarding headaches.
Congratulations on the raise
Posted on 8/26/21 at 2:31 pm to DWaginHTown
quote:
Ask for a singing bonus.
Oh won’t you stay!
Just a little bit longer
Posted on 8/26/21 at 3:28 pm to coonarse
quote:
have done this twice in the 18 years I have been with my current company. Both times the job offers were unsolicited, never was I looking for a new job. Both times- went to my manager and told them I had an offer, that my preference would be to stay with my current employer, but would not be able to justify passing up the increased income the new offer would provide. Showed the offer letters to my manager both times. Was given counter offers that matched or surpassed the competing offer both times. just my experience, I am sure others have had a different experience.
i have a good friend that was a jr. engineer for TxDOT and whored himself out to every single district office looking for optimal $$$. most often the other offices would contact and interview him, offer an exponential raise, then he'd take it back to his home office and ask for a counter. usually places out in Midland, Lubbock, etc. were willing to offer more.
i was pretty impressed that he was able to keep it up as long as he did. we're in between Waco and Austin and a couple of times over the 15 years i've known him he didn't get a counter and had to commute to Austin, SA, and Waco for a short while till he got promotions back to our area.
He finally levied that into a private sector job, but i think he interviewed at least 7 different times in 10 years.
Posted on 8/26/21 at 3:41 pm to texasmason
Nah, if you want to go back hop back in 6 months to a year for even more money. You always get the biggest raises hopping around, it makes no sense why companies will pay someone from another company a $1 when they want to give someone proven working for them $.50. I would get so pissed when I was in management and I couldn't pay good people more money but corporate would bring in people from competitors and pay them 20% more than what I wanted to pay my good people to stay around.
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