Careers Centre:

The Counter Offer

In today's competitive market, you are more likely than not to receive a counter-offer. While counter-offers may be tempting and even flattering, there can be pitfalls that you need to be aware of.

Ask yourself these questions:

• Will your loyalty always be in question?
• If there are future cutbacks, will you be the first to go because of concerns about your loyalty?
• If you accept the counter-offer for more money, are you just giving your employer the  time they need to locate and select your replacement?
• Will your career track remain blocked if you accept it?
• Will your responsibilities be expanded?
• Will you have to report to a person you don't respect?
• Is this next year's raise or bonus paid early?
• Is the counter-offer a ploy to avoid a short-term inconvenience by your employer?
• What are your realistic chances for promotions now that you have considered leaving?

Counter Offer Statistics
According to national surveys of employees, that accept counter-offers, 50-80 percent voluntarily leave their employer within six months of accepting the counter-offer because of promises not  kept. The majority of the balance of employees that accept counter-offers involuntarily leave    their current employers within twelve months of accepting the counter-offer (terminated, fired,   laid off, etc.).

As attractive as counter-offers may appear, they greatly decrease your chances of achieving    your career potential.