Latest Placements

Technical Business Analyst – Investments
Application Support Analyst
Cash Management Specialist (Reconciliations)
Manager – Research Analyst
Manager – Performance & Attribution
Financial Accountant CA(SA)
Project Manager – Investments
Employee Benefits Specialist
Equities Analyst
Unit Trust Administrator
Fund Accountant
Compliance Officer
IT Infrastructure Support
Institutional Business Development Manager
Investment Analyst
Broker Consultant
Executive Assistant
Tax Administrator
IT Helpdesk
Business Analyst
Operations Consultant

The Counter Offer

So you are all prepared to hand in your resignation, you have built up the courage to finally resign! AND…your boss does not want to accept your resignation….now what….

Over the years I have worked in Corporate and Agency I have seen the counter offer again and again; I have even experienced it myself. It is always tempting to take what seems to be the easy road and stay where you are and know what you are doing, and take the extra cash or extra responsibility or whatever it is that your boss is now throwing in your direction.

My question to anyone that is considering accepting a counter offer is literally this:

“WHY DID YOU HAVE TO RESIGN TO GET WHAT YOU DESERVED ALL ALONG ANYWAY?”

The reality is that often after you accept the counter offer, which is usually for money, nothing else changes……remember that by the time you resign you should have had multiple discussions with your manager regarding more challenges, flexible working conditions, over worked issues, lack of support etc.

If they have not done anything about any of these issues before you resigned, then no money in the world is going to change how you feel about all the other issues….and after a few months of the nice new salary increase these very issues will start to burn a hole again!

The reality is, very seldom simply ccepting a counter offer works in your favour!

Here are some more reasons why:

  • You damage your reputation with your existing employer; they now know you are not loyal, they bought time for themselves by offering you a counter offer so you are now less likely to be promoted etc.
  • You burn bridges with the employer that offered you a new opportunity,  when we tell clients that a candidate has decided to accept a counter offer the usual response is “We won’t reconsider them again as they used us to get more money.”
  • Your frustrations won’t change; be it with systems, process, management, commute etc.
  • You will have lost the opportunity to work in an new environment that you were assessed  and interviewed for; and you would not have considered the new offer if it was not an all-round better offer and opportunity.

MONEY IS SELDOM A REASON TO ACCEPT ANY OFFER!!

If you do accept the counter offer or are tempted to, remember this:

Most candidates that accept counter offers often leave their current employment within a 6-12 month period after accepting a counter offer.

1 Comment

  1. Bobbie says:

    Nice post. I was checking continually this web site and I am impressed! Incredibly useful information specifically the last part? I take care of such info much. I used to be looking for this certain information for a very long time. Thank you and best of good luck.

Leave a Reply

Your email address will not be published. Required fields are marked *