Thursday, February 28, 2013

The Counter Offer: Opportunity or Risk?

The job search is a complex process in and of itself. Once you are almost done with this tough decision making process, another complicated factor may avail itself at the end which may need confronting. A counter offer is a delicate situation which must be handled with the utmost care. More often than not employers offer counter offers to employees who they deem valuable and therefore shower them with all the things that were lacking in the jobs in the first place. It may be a raise, higher bonus, change of title etc. The list is endless. However the underlying truth to counter offers is still the same, it is something that comes too little to late, and is all too often too good to be true.

People often search for a new job when they are motivated by some reason or another if there is something lacking in their current role. Whether it is money or recognition or a host of other issues, the fundamental point is the same, the need for change far outweighs the prospects of resorting to the status quo.

There may be risks associated with starting a new job but they are a lot less risky than accepting a counter offer. A company will offer a counter offer to patch up the immediate threat of being short staffed. Money, Title, Vacation, Promotions are all offered to offset your departure. However, what must be understood is that such things should not be provided when an employee threatens to leave. An employee's self worth should be dictated by their performance and not by what they can get elsewhere. Time and time again, employees fall prey to counter offers thinking it as a good thing. When they least suspect it, they are let go when their replacement, usually at a discount, has been procured. Once your loyalty is questioned, it is almost impossible to regain that trust. Also, by accepting a counter offer it shows that you are willing to break your commitment to your new employer after accepting their offer, and this will raise additional red flags.

The biggest assets of an employee outside of his/her ability to do the job, are in the areas of trust and loyalty. Counter offers violate these key components. A counter offer should be viewed for what it really is, a bandage for the time being until a permanent resolution can be achieved. Unfortunately, one's career advancements should not be subject to the temporary resolutions set forth by their employer. It should be based on a clear picture of what is expected, what will be received when those expectations are met, and valuing ones services by their merits and successes. This should not be raised by their unhappiness and desire to leave.