Stay or Go? How to Handle a Counter Offer

Deciding to leave a current place of employment is never easy. You’ll have to weigh the advantages and the disadvantages, and decide which job is the right fit for you in the long run. In fact, the decision to “move on” can get even more complex once you tell your current employer that you’re leaving and they propose a counter offer.

So, what should you do when presented with a counter offer?

First, don’t make any hasty decisions. You should seriously considering the new proposition, as well as the new opportunity. Keep in mind, the best decisions come after you’d have a night or two to sleep on it, so if possible buy yourself some time to review both offers carefully.

The best way to compare offers is to jot down a list of strengths and weaknesses on paper. List your financial as well as non-financial expectations.

7 Key Factors to Consider:

  • Financial Remuneration
  • Benefits
  • Outplacement Services
  • Training and Development Programs
  • Potential for Career Advancement
  • Work Life Balance / Flexibility
  • Workplace Culture

Once you’ve listed all your expectations, try to create a scoring system to evaluate each offer against your personal expectations. For example, if Money is more important to you than Work Life Balance it should receive a higher weighting.

And since this is such a big decision, be sure to get a second opinion and discuss both options with your recruiter, mentor or trusted friend.

Give it a try! Sometimes the act of putting our thoughts to paper is all it takes to make the best decisions. The higher the score the better the fit should be, so take the job that would best meet your financial and non-financial expectations.

No matter what you decide, and whether you embrace a new opportunity or decide to stay put, remember all you need is 3 simple things:

1) Clarity – you need to be clear on what you don’t want as well as what you do want.
2) Confidence – you need to believe in yourself and your ability to change or adjust.
3) Control – you need to accept the fact that you can control your experiences, whether you stay or go, you have the power to make your work-life better.

Winston Churchill said it best, “A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.”

Don’t hesitate to reach out to us if you need some guidance. We are here to help!

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