A COUNTEROFFER?

You accepted a new job starting in three weeks with a 25% salary increase for a similar position, but with a potential promotion in a year.  You handed in your resignation to your current employer on a Friday and gave them a two-week notice.  Then the unexpected happened:  Your current employer said they didn’t want to lose you and offered a salary increase of 15% above your current rate, with a performance review in 6 months.  With the growth of the company, the chance of a promotion down the road is positive.  What do you do?

Do not make a quick decision.  Answer some probing questions before deciding your future direction.  Here are a few:

  • If your decision is solely based on the critical need for higher pay immediately, take the new job.
  • However, don’t forget relocation or commuting cost; state and local taxes; overtime; remote, office or hybrid requirements; percent of travel and family considerations.

There are other issues to be considered if your decision is for a longer-term career:

  • Is the new industry one of growth or retrenchment? Moving from a high-tech high growth company to the mining industry needs careful scrutiny.
  • Is the new company’s culture compatible with your needs and expectations? If your current company is participative and engaging and the new company is internally competitive with a more autocratic management style, think twice.
  • Can you better grow professionally with one job offer over the other, especially given your current or future boss? You don’t want to become stale.
  • Where do you have the best opportunity to gain more skills and responsibility? Some variables: The growth of the organization, company sponsored training and development programs, outside seminars, professional conferences, and the like
  • If your decision is largely due to your unhappiness with your current position, be careful not to accept a new job that could be worse. You could be quickly on the market again.
  • If you’re in a wrong job for your skill sets, wrong industry or level, then plan out a strategy to not only get back to where you need to be, but define what the next two or three steps must be to accelerate your career.
  • Your relationship with both organizations is important:
    • If you’re staying put, the other organization won’t be happy. It happens all the time. Just explain the circumstances
    • Make sure your relationship with your current organization is solid if you decide to stay. Some companies are taken by surprise, ask you to stay, then find a replacement for you because they question your loyalty.
    • If you leave your current organization, depart on a mutually good relationship. Ask if you can return at a later date, potentially at a higher level?

The marketplace currently favors the employee who has the skills and experiences for which companies are looking for candidates.  That may change in a few years.  When the market tightens you want to be on the best terms with your employer and boss.

For a FREE critique of your resume, send it to: wkaufmann44@gmail.com

By My Greener Future

My Greener Future is a Job Search Strategy and Career Coaching Company. At My Greener Future, you will be connected with industry coaches who care about you and your career as much as you do. They will work with you to create your very own custom career plan and support you in achieving your short term and long term career goals. Join My Greener Future TODAY and see how it will change the way you think about your career.

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