Congratulations, you’ve been offered a new role. Now you have to tell your current employer that you’re planning on leaving. What happens next? A lot of the time your current employer will turn around and offer you more money. Understandably this will raise a lot of questions in your mind about what the best way to proceed is. After all it’s incredibly flattering that your boss wants to give you more money, isn’t it? Perhaps, but here a few things that you should consider…
- What’s the real reason for you resigning? It’s unlikely that it was just about the money so nothing has really changed and your desire for a new challenge, better prospects etc will still remain.
- If your boss thinks you are worth a few extra thousand pounds then why has it taken you resigning to warrant the extra money?
- It’s actually in the best interest of your employer to offer you more money to stay. After all if you leave, the company has to spend money recruiting for your replacement whether it’s through an agency or placing adverts themselves, there will still be a cost implication.
- Furthermore they will then have to invest time and resources in training your replacement. A problem that can be easily avoided if you take the counter offer.
- If you do decide to take the offer then the chances are that the money you get will probably come out of your next pay review.
- It will almost certainly affect your relationship with your current manager and company. Despite the fact that they want you to stay (and as we’ve said above – why wouldn’t they?) it will have implications on your future promotions and pay rises.
- Your reputation within the industry could be tarnished if you decide to accept the counter offer and companies in the future may be less inclined to consider your details.
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