Deciding whether to accept a counter offer from your current employer can be a difficult and complex decision that depends on a variety of factors. Here are some points to consider:
- Reasons for wanting to leave: If your reasons for wanting to leave your current job are related to issues that a counter offer cannot fix, such as lack of growth opportunities, an unsupportive manager, or a toxic work culture, then accepting a counter offer may not be the best option. Whilst things may improve in the short term, it is highly likely that the workplace will revert to what was. Remember, old habits die hard.
- Trust: Accepting a counter offer can sometimes damage the trust between you and your employer, especially if they feel that you were using another job offer as leverage to get a higher salary or better benefits. You may find you are pushed to the outer circle.
- Long-term career goals: Consider your long-term career goals and whether accepting a counter offer aligns with them. If you believe that your current job cannot help you achieve your goals, then accepting a counteroffer may not be the best choice. It is likely you will be back looking for a new role within 6 months.
- Company stability: Consider the stability of your current company. If it is experiencing financial difficulties or has a history of restructures and redundancies, then accepting a counteroffer may not be the best choice.
- Terms of the counter offer: Consider the terms of the counter offer, such as the salary, benefits, and potential for growth. If the terms are significantly better than the new job offer and they address the reasons for wanting to leave in the first place, then it may be worth considering.
In general, it’s important to think carefully about your decision and consider all factors before accepting a counter offer. It may be helpful to talk to a trusted mentor or advisor to help you weigh the pros and cons.