A counter offer sometimes happens when you tell your current company that you are leaving for a better opportunity.
Your current employer panics and immediately offers you a raise and/or increased responsibility if you stay with the company.
Reasons companies extend a counter offer:
Department morale suffers when people leave.
Employee resignations do not look good on a manager's record.
It is cheaper to give you a raise than it would be to recruit a new employee.
They can give you a raise and have you stay while they search for your replacement.
The projects you are working on will suffer delays because of your departure.
Companies want to have a low turnover rate.
Companies do not want sensitive or confidential information going to a competitor.
Companies do not want skilled professionals going to competitors.
Top reasons why you should not accept one:
You had to threaten to leave in order to receive the rewards and career path you
80% of all employees who accept a counteroffer are no longer with the employer after
The same circumstances that now cause you to consider a change will repeat themselves
in the future; even if you accept a counteroffer.
You will be signing up again to spend 8 hours plus a day at a company that you were
trying to leave.
Aside from money, your original reasons for leaving your job will still be present
after accepting a counter offer.
The money extended to you in the counter offer often comes out of your next raise
or bonus. Companies usually have strict guidelines about salary increases and promotions.
You will not be considered a loyal employee from here on out; therefore, you will
not be included in the inner circle.
When promotion time comes around, managers remember who has tried to leave the company
already, and who is likely to be there for years to come.
If the company hits rough waters, you will be the first to be let go.
Often, when you accept a counter offer, your manager will already be looking for
Statistically, four out of five employees who accept a company's counter offer end
up leaving that company within 6 to 9 months anyway.
CyberCoders is an Equal Employment Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), age, sexual orientation, gender identity or expression, national origin, ancestry, citizenship, genetic information, registered domestic partner status, marital status, status as a crime victim, disability, protected veteran status, or any other characteristic protected by law. CyberCoders will consider qualified applicants with criminal histories in a manner consistent with the requirements of applicable law. CyberCoders is committed to working with and providing reasonable accommodation to individuals with physical and mental disabilities. If you need special assistance or an accommodation while seeking employment, please email Benefits@cybercoders.com. We will make a determination on your request for reasonable accommodation on a case-by-case basis.
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