Accepting a counter offer from an existing employer while considering an offer from another employer is a double-edged sword. You are pulled in two directions, wondering if the counter offer could be a long-term solution for your readiness to leave or simply a temporary fix.
Employers incentivise their employees to stay with them, so as not to lose their best talent. The question for candidates though is, do they accept the new opportunity or continue with their current job?
Findings from The Creative Group survey revealed that although counter offers are becoming more common, accepting one isn’t always a wise move. Here are a few additional takeaways from the study:
- 39% of companies would issue a counteroffer for fear of losing an employee with hard-to-find skills.
- 57% of employers report that it is somewhat common for their employees to accept a counteroffer.
- The main concern of extending a counter offer is that the employee will be less loyal to the company.
- 21% are concerned that an employee’s concerns couldn’t be satisfactorily fulfilled.
When faced with the dilemma of staying with or leaving your current employer, consider whether the counter offer will address your real issues. Will it give you a better job title? A shorter commute? More traveling opportunities? Will the pay increase mean change of title and more challenging role? Check out this infographic and find more about the reality behind counter offers to make an informed decision before accepting or rejecting a counter offer.