Handing in Your Resignation and Dealing with Counter Offers – Part 2

Two weeks ago in Part 1 of our article on Resignation and Counter Offers we discussed how best to handle the process of resigning from your current position. This week we will look at Counter Offers and how to handle them.

Dealing with Counter Offers

On occasion, an employer can decide that they wish to keep you on rather than lose you to another company. This can result in what is known as a “Counter Offer”. That is, they will come back usually with improved contractual terms and conditions reflected most often in a better job title and an increase in salary. Whilst this may seem like a potentially easy option to consider, it is worth remembering a few key things when it comes to counter offers.

1.  The overwhelming majority of candidates, who receive and accept a counter offer from their current employer, leave that employment within the following 6 months. The main reason for this is because the original reasons for wishing to leave a company don’t go away by being offered an uplift in salary or title. It is often a variety of reasons that causes someone to leave and hoping a pay rise will fix things often results in a very temporary solution.

2.  In a buoyant market where there are more opportunities than there are candidates, it is often easier, quicker and considerably cheaper for a company to counter offer someone rather than hire someone new. They avoid the hassle of interviewing, advertising or hiring a recruiter to find someone else.

3.  Very often a counter offer is used to buy a company time to find your replacement. A lot of employers will take a resignation as a sign that someone is not a team player and they will start the process of finding a replacement very quickly.

4.  It is damaging to a team atmosphere. If someone resigns only to be given a pay rise and promotion, it can mean that colleagues become resentful and the atmosphere difficult to work in.

5.  If your employer is suddenly able to offer you an increase in salary and a promotion, why weren’t they able to do this previously. If it takes you resigning for them to act, then you must question whether they are the right employer and whether they really value you?

You may receive a counter offer during the resignation meeting or shortly after in the days that follow. The important thing is to think back to the original reasons for leaving your current employer. Whether it be to further your career in another company, take on a new challenge or work in a new environment, don’t forget that your decision to leave should be final. Once you have made the decision to leave, stick to it. A change of heart can look unprofessional not only to your current employer but to a potential future employer who you may have already committed to joining.

The response to a counter offer should be positive but firm. Tell your boss or employer that whilst you appreciate the gesture, your decision is final and your reasons for leaving are still there.

And that should be it. You will now have handed in your notice and handled a counter offer. At this point you are now able to tie up any loose ends and help make the transition for your current employer as smooth as possible. A feeling of relief often hits at this point!

237 of 365: Leaving the officephoto © 2009 Tim Regan | more info (via: Wylio)

If the process is handled in the correct manner, there is no reason it shouldn’t result in a positive outcome for all parties. There are inevitably going to be bosses and companies that take a resignation very personally and who can make things unpleasant for the employee during the notice period or even after. Don’t let that worry you though. You will quickly see that if they behave in this manner then your reasons for leaving are more than justified and they weren’t the right company for you in the first place.

If you require any advice on resigning or responding to a counter offer, please don’t hesitate to contact us at Ellicott Long. We have many years experience dealing with the various scenarios that present themselves and can provide you with some advice specific to your case.


3 Responses to Handing in Your Resignation and Dealing with Counter Offers – Part 2

  1. Pingback: A Summary of Our Posts « Ellicott Long's Blog

  2. Pingback: A Summary of Our Posts « Ellicott Long's Blog

  3. Pingback: Stats Series 1: Avoiding the Counter Offer Trap | Ellicott Long's Blog

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