"They'll be sorry when I leave!"
All too often, employers do seem sorry - suddenly offering the kind of salary, promotion or opportunity for recognition that they had refused to grant before. Of course they're sorry. You're about to leave on your timing, not theirs. There is probably work to be done, which they were counting on you to complete. You have just fired your boss, when he or she would prefer to have the right to fire you. You have created a vacancy, which they will need to fill at some expense. And if you weren't a terrific person, they wouldn't have hired you in the first place.
"You can't do this to us." (Feel guilty.)
"We need you" (until the project is done, and we can find a replacement).
"We never realised you were unhappy." (Our employee communications are not the best.)
Surprisingly, the very best companies rarely make counter-offers. They believe they treat their employees fairly and wish them well if a better opportunity exists elsewhere. If you work for one of them, don't be disappointed if you fail to receive a counter-offer.
But if you do receive one, take a moment to pause for thought:
First, executive search consultants know from long experience that there have to be strong reasons for leaving a job before most employees will consider taking a new one. If that is true in your case, have those reasons disappeared? Will staying on the job solve them?
Second, if the counter-offer includes salary or job enhancement, what is the source? Are you simply getting your next raise or promotion in advance? And will you have to accept yet another job to get the raise or promotion after that?
Third, your employer may appeal to your sense of loyalty. Ask yourself how loyal the employer has been to employees.
Fourth, statistics are not in your favour. Four out of five people who accept counter-offers are gone within the year (Research conducted by SRS Ltd). Like Caesar's wife, you cannot flirt with another and still be considered virtuous. Rest assured that your employer will assume you'll look again.
Finally, let's not forget that new job. Just as there are reasons for leaving your current company, you have seen significant opportunities at your new company - or you would not have accepted the offer of employment. These do not disappear the moment you receive a counter-offer.
The best way to avoid the messy, embarrassing situation of a counter-offer is to take charge of the situation.
Here are a few tips:
To quit or not to quit is often a gut-wrenching decision. It involves one of those "passages" in life that require abandoning the comfort of the old and assuming the risk of the new. Also, there may be guilt about leaving your tasks to others, not to mention the "buyer's remorse" that accompanies most big decisions.
Independent Monitoring Authority
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IfM Education and Consultancy Services
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Department for Transport
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The Bank of England
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