Counteroffers

These days, resigning may not be as easy as one would think. Skilled professionals are difficult to find, and most employers will try to retain an employee by making a counteroffer – usually one that’s hard to refuse. Just when you thought you’d finished your exhausting job search and decision, you get offered more money, more responsibility and better parking.

In a survey completed by the Wall Street Journal, over 50% of individuals receiving counteroffers after turning in their resignations accepted them. However, within 18 months, 93% of those who accepted counteroffers had left – some voluntarily and some fired. And all of the remaining 7% were actively seeking new employment. In addition to these facts, consider the following food for thought.

• Reasons for Not Accepting a Counteroffer by Paul Hawkinson.
  Source: The Wall Street Journal. Excerpts from the National Business Employment Weekly, 1998.
• Beware of Counteroffers by R. Gaines Baty.
  Source: The Wall Street Journal. Excerpts from the National Business Employment Weekly, 1994.