Making the decision to move jobs is a big one for a lot of us. It can create an interim feeling of uncertainty but usually has long term benefits (more money being one of them in most cases!)
You’ve prepped your CV, met with recruiters, interviewed (outside of work hours which is stressful enough!) negotiated and now accepted your offer. One last hurdle of resigning to go!
So what happens when your current boss makes you a better offer to stay?
No doubt you are feeling one million emotions! Confused, flattered, excited to name a few. Companies don’t want to lose good staff, and many times a well-intentioned Manager will try and address your resignation with a financial incentive to stay.
Here is what you should consider before deciding:
Anticipate a counter-offer and what you might do if you get one! Forewarned is forearmed, work through this scenario in your head and think about how you would feel. Would it change your decision to move on?
Check in with your original reasons for looking elsewhere. What were your drivers? If it was money, perhaps that has been addressed now. If it was more than the money think carefully before accepting. Get your counter-offer in writing, and check the terms of the offer, what is the likely timeline for progression or opportunities for learning? Talk it through with some trusted friends or advisors, an objective viewpoint is essential.
Be reasonable with communicating your timelines – asking for an extended period of time to make a decision creates a LOT of uncertainty for both your current and prospective employer, and having respect for all parties will only add to your credibility.
Above all – trust your instincts!
Feel pressured to accept – no Line Manager or Recruiter for that matter should be pressuring you to make a decision – remember this is your career and your decision.
Be flattered and blinded by the attention – research shows that majority of candidates that accept a counter-offer will move on within 6 months.
Forget what made you want to leave in the first place. Why did it take for you to resign?
Be wooed by false promises: many times we hear big promises of change, promotion or training in order to stay with our current company – view these objectively. How much capacity is there to follow through with these. A lot of the time the intention is actually there, but conflicting company priorities means additional training etc can be put on the backburner.
Create a bidding war! We get it – salary is a big part of any role – but it won’t be a determinant in happiness in your day to day role! Identify what does contribute to your happiness outside of salary and keep focused on which company offers these to you. Going between current and prospective employers asking for more money can quickly turn ugly!