Counteroffer Checklist

Let’s admit it, we all have been there.

You are about to sign your contract for the role you have been eyeing for months; it finally acts and wants to offer you.. what do you do?

Counteroffers are among the most frustrating turn of events that can happen during the recruitment process for recruiters, projects involved, and often for job seekers too.

Some quick facts and numbers before we get into how you should make your decision.

  • 1 of 2 employees will be presented with a counteroffer when they resign. However, more than half, the ones who accept the counteroffer, will start looking within 2 months.
  • 80% of the employees, who accepted the counteroffer, will leave the current company in less than 6 months.So in a nutshell, if you have made up your mind, you will eventually leave sooner or a bit later. So before you accept your counteroffer, maybe it will be worth looking at why you wanted to make a change in the first place.

Check your motivation for change:

If you were after more money, or better role, or even exposure to growth opportunities; ensure that as part of the counteroffer, you are indeed provided with those. However, if those changes are subjected to conditions or time-dependent, you may want to think. What if the delay is longer or what if the changes never happen? Would you be still happy to stay on?

Impact on relations with potential project/organisation:

Our single decision can have a cascading impact on potential projects. In many cases, project success or failure can depend on your joining on time. If you are aware of these factors and already in the mid of your notice period, the potential projects will be badly hit. Think, are you happy to burn these bridges?

Growth and move in the right direction:

Some departures can be painful, especially if you are making a move after a long stay. We get comfortable and change can be daunting. However, as long as you can see the opportunities to stay relevant and grow, you should be confident in your decision.

As a recruiter, our job is to help you understand the details you seek and that the decisions you make reflect your values and aspirations. One piece of advice is critical here, ensure to keep all parties impact informed, and don’t let your indecision keep the projects at bay. Be thankful and respectful of everyone who has worked to create this opportunity for you, and help them understand the reasons for your decision.

Happy Job hunting !!

Tags: counterofferjobsoffers

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