Leaving your current job for a new job opening at a different company can be a tough decision, especially if you receive a counteroffer from your current company.
A counteroffer is an offer made by your current employer in response to another offer you have accepted from another company. It can be tempting to accept a counteroffer, but there are several factors you should consider before making a decision. In this blog post, we will discuss the five pros of accepting a counteroffer and how to know if it’s right for you!
Remain in a Similar Work Environment
When you accept a counteroffer, you can stay in your current job. This means you won’t have to adapt to a new work setting, new co-workers, or new management personnel all at once.
Depending on how long you have been at your current company, you may not want to leave all the amazing people you have worked with over the past few years. You’ll also get to keep other elements of your job that you may have become familiar with, including your daily commute, work environment, benefits, and much more.
However, if you are leaving mainly due to the commute, work environment, or benefits, then it may be in your best interest to decline the counteroffer.
Gaining an Improved Sense of Self-Worth
Professionalism is very important in the workplace. That is why employers place a high value on employees with a sense of self-worth. When an employer makes a counteroffer to an employee, it is usually because they don’t want to lose that employee. That feeling of being appreciated and valued by the company will make any employee feel amazing. This can introduce a sense of self-worth into the employee’s professional life.
Additionally, only 21% of CFOs extend counteroffers to keep employees from leaving. That means if you have received a counteroffer, chances are your employer appreciates you.
When an employer makes a counteroffer, it is usually a sign that they value their employees and are willing to invest in them. This can be a very positive experience for both the employer and the employee. In some cases, the employee may even gain a new appreciation for the company.
Avoiding Additional Training
One of the benefits of staying in your current role is that you don’t have to go through the training process for a new position. This can be a big relief, especially if you feel like you have already mastered your current position.
Training takes time and energy, and adjusting to a new work environment can be challenging. If you’re happy with your current position, there’s no need to put yourself through that process. You can stay where you are and continue to do your job well. Additionally, if you need some training to fulfill more responsibilities that come with a pay increase, you can still feel comfortable completing your training. You’re already familiar with the company’s mission and values, so you won’t have to adapt to a new environment. All things considered, it’s often best to stay in your current role instead of making a move to a new company.
Earning a Higher Salary
One of the most obvious benefits of accepting a counteroffer is earning a higher salary. If you’re content with your current position and feel you have more to give to the company, then negotiating a higher salary is a no-brainer. You don’t have to go through the hiring process to earn more money. You may even perform the same duties for more money, making your time more valuable.
In addition, accepting a counteroffer allows you to negotiate other terms of your employment, such as vacation time, flexible hours, or telecommuting options. If you’re unhappy with your current situation, then a counteroffer may be just what you need to stay with the company and continue earning a good salary.
Just remember, you do not need to apply to other job openings to get a higher salary. There are ways to ask for a raise without having to rely on a counteroffer.
Increased Productivity
A counteroffer can motivate you to maintain high productivity levels and exceed your employer’s standards. After being presented with a counteroffer, you may feel like it’s your chance to prove yourself to your employer. Feeling appreciated by your company can lead to increased satisfaction in your work.
If you’re given the opportunity to earn more money, you may also feel like you have more to lose if you don’t meet expectations. As a result, accepting a counteroffer can be a great way to motivate yourself to stay focused and produce high-quality work.
Now that you know the pros of accepting a counteroffer, it is crucial to know that there are cons to accepting a counteroffer as well. If you are considering accepting a counteroffer, remember to consider the following before doing so:
- An issue is not resolved with a counteroffer
- There is no career progression
- Your employer will question loyalty after a counteroffer
- It will not guarantee job satisfaction
- Your employer may be worried that you are going to look elsewhere for jobs in the future
Remember that every situation is different when deciding whether or not to accept a counteroffer. Consider all of the above before making the tough decision to stay with your current employer!
