Are Counter Offers Ever Worth Considering?
Counter offers are (usually) a last-ditch attempt for an employer to hold onto a talented employee who’s decided to leave for a more desirable position. If you ever receive a counter offer, you’re now left with the question of “Should I stay, or should I go?” Here’s why counter offers are rarely worth accepting in your personal and career growth.
Why Companies Make Counter OffersWhile your skills and work history can be a motivating factor, the truth is, most companies make counter offers because replacing a current employee is expensive. American businesses spend $1 trillion per year replacing employees who voluntarily leave. When you hear “We’ll match what they’re offering,” it can be tempting to accept, but it’s always worth considering the motivation behind such counter offers.
Why You Might Regret Accepting a Counter OfferThere’s a lot of competition in the IT job market, and even those with stable jobs stay on the lookout for better opportunities. Some people who receive lucrative counter offers decide to remain in their current position, but the majority come to regret it. Here’s why:
- Your employer may lose trust in you and make things difficult.
- You’ll always be seen as the “person who accepted a counter offer” and considered a flight risk.
- It’s a short-term solution that doesn’t help your long-term career goals.