โ๐ง๐๐ย ๐๐ฅ๐๐๐๐๐ย ๐๐ข๐จ๐ก๐ง๐๐ฅ๐ข๐๐๐๐ฅโ๐ฌ ย Navigating counteroffers is a critical part of hiring/recruiting processes, and they have become more common as companies fight to retain top performers. ย From the perspective of the recruiter or employer, here are some thoughts on how to assist a candidate through a sticky counteroffer situation: ย ๐จ๐ป๐ฑ๐ฒ๐ฟ๐๐๐ฎ๐ป๐ฑย ๐๐ต๐ฒย ๐ฐ๐ฎ๐ป๐ฑ๐ถ๐ฑ๐ฎ๐๐ฒโ๐ย ๐บ๐ผ๐๐ถ๐๐ฎ๐๐ถ๐ผ๐ป: Ensure transparent and open dialogue with the candidate to discover their reasons for job seeking. This will help you gauge whether their motives are primarily salary basedโ or if there are other motivating factors such as job satisfaction, career growth, company culture, etc. ย ๐๐ฒ๐ย ๐ฎย ๐ต๐ฒ๐ฎ๐ฑ-๐๐๐ฎ๐ฟ๐: Before even reaching the offer stages with a candidate, it can be beneficial to discuss the rising prevalence of counteroffers and the pros/cons associated with them. Entertain the hypothetical, โwhatย ๐ธ๐ฐ๐ถ๐ญ๐ฅย you do if you received a counteroffer?โ ย ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐ย ๐๐ต๐ฒย ๐ป๐ฒ๐ย ๐ผ๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐: Emphasize the positives that the new role has to offer and how it aligns with their long-term career goals. Perhaps the new opportunity offers new challenges, increased responsibilities, learning opportunities, better compensation, shortened commute, and/or improved work-life balance. ย ๐ฅ๐ฒ๐ฎ๐น๐ถ๐๐ถ๐ฒ๐ย ๐ผ๐ณย ๐ฐ๐ผ๐๐ป๐๐ฒ๐ฟ๐ผ๐ณ๐ณ๐ฒ๐ฟย ๐ฝ๐ถ๐๐ณ๐ฎ๐น๐น๐: Educate the candidate about the potential drawbacks of accepting a counteroffer. Counteroffers are often made hastily and can be a short-term fix; they often do not address the underlying issues that led the candidate to look for a new job in the first place. ย ๐ ๐ฒ๐ป๐๐ผ๐ฟ๐ถ๐ป๐ดย ๐ฎ๐ป๐ฑย ๐๐ฟ๐ฎ๐ป๐๐ถ๐๐ถ๐ผ๐ปย ๐ฝ๐น๐ฎ๐ป๐ป๐ถ๐ป๐ด: Offer guidance on how to give proper notice and transition smoothly from their current role into the new one, which can help reduce the impact of their departure on their current employer. ย ๐๐ฒ๐ฐ๐ถ๐๐ถ๐ผ๐ปย ๐ง๐ถ๐บ๐ฒ: Encourage timely, informed decision making while moving forward with accepting a new role/offer. Stress the importance of commitment if one is genuinely excited about the new opportunity, but make yourself available as support to the candidate through their transition into their new employer.
Executive Avail-A-Searchโs Post
More Relevant Posts
-
Some tips on how to handle counteroffers? #techtalent# #engineer# Handling counteroffers in a professional and strategic manner is essential when you're considering changing jobs or negotiating for a better position within your current organization. Here are some steps and tips to consider when dealing with counteroffers: Be prepared: Before you receive a job offer or decide to seek a new opportunity, evaluate your current situation and understand what you want in terms of compensation, work-life balance, career growth, and job satisfaction. This will help you make an informed decision. Communicate openly: When you receive a job offer, maintain open and honest communication with your potential employer. Express your appreciation for the offer, and let them know you need some time to evaluate it. This allows you to avoid making impulsive decisions. Evaluate the counteroffer: If your current employer presents a counteroffer to retain you, carefully consider it. Take into account not only the financial aspects but also the non-monetary benefits, such as career growth, work environment, and job satisfaction. Avoid making it solely about money: While salary is an important factor, consider other aspects of your current and potential positions. A higher salary doesn't always guarantee greater job satisfaction or career growth. Ensure your decision aligns with your long-term career goals. Assess the workplace environment: Consider the work culture, team dynamics, and overall work environment in your current and potential new job. Your happiness and well-being at work are influenced by more than just compensation. Discuss with trusted advisors: Seek advice from mentors, colleagues, and friends who can offer an objective perspective on your situation. They may provide insights you haven't considered. Maintain professionalism: Whether you accept or decline a counteroffer, remain professional throughout the process. Avoid burning bridges with either your current or potential employer, as your reputation is valuable in your career. Prioritize your long-term goals: Think about your career aspirations and how each option aligns with them. Consider which path offers the best potential for professional growth and personal satisfaction in the long run. Be aware of potential risks: Accepting a counteroffer doesn't always guarantee a long-term solution. Research shows that employees who accept counteroffers sometimes find themselves in the same situation shortly thereafter. Weigh the risks of staying in your current job. Make a final decision: Once you've assessed all aspects of the counteroffer and the new job offer, make a decision that aligns with your career goals, values, and personal circumstances. In many cases, the best way to handle counteroffers is to base your decision on a comprehensive evaluation of your long-term objectives, rather than being solely motivated by financial incentives.
To view or add a comment, sign in
-
What is the best way to handle counteroffers? Handling counteroffers can be a delicate process, as it involves balancing your current job offer with potential alternatives. Here are some tips to navigate counteroffers effectively: Consider Your Priorities: Reflect on your priorities and career goals. Identify what matters most to you in a job, whether it's salary, benefits, work-life balance, growth opportunities, or company culture. Communicate Openly: Maintain open and honest communication with both your current employer and the prospective employer. Inform your current employer about the new job offer and express any concerns that led you to consider it. Be Appreciative: Express gratitude to your current employer for the opportunities and experiences you've had while working with them. Show that your decision to explore new opportunities is not a reflection of dissatisfaction but a step toward personal and professional growth. Negotiate Professionally: If the counteroffer involves negotiations, handle it professionally. Clearly articulate your needs and expectations. Be prepared to provide reasons for your requests, whether they are related to salary, benefits, or other aspects of the job. Evaluate the Counteroffer: Thoroughly evaluate the counteroffer in terms of how it aligns with your priorities and career goals. Consider not only the financial aspects but also factors such as job responsibilities, advancement opportunities, and work environment. Seek Clarifications: If there are any ambiguities or uncertainties in the counteroffer, seek clarification from your current employer or the new employer. Make sure you have a clear understanding of the terms and conditions. Think Long-Term: Consider the long-term implications of your decision. While a counteroffer may address immediate concerns, evaluate whether it aligns with your long-term career goals. Think beyond short-term gains. Trust Your Instincts: Trust your instincts and gut feelings. Consider how you feel about both the current and prospective opportunities. Your intuition can play a significant role in making the right decision for your career. Respectfully Decline or Accept: Once you have weighed all factors and made a decision, communicate it respectfully. If you decide to accept the new job offer, inform your current employer professionally and express your appreciation for the experiences gained. Maintain Professionalism: Regardless of the outcome, maintain professionalism throughout the process. Building and preserving positive relationships is crucial for your overall career. Remember that each situation is unique, and the best approach may vary depending on your specific circumstances. Taking the time to carefully consider your options and communicate effectively will contribute to a smoother transition. #techsales# #morganbaron#
To view or add a comment, sign in
-
Commercial Director | COO | Sales Director | Head of Sales | Operations Director | Managing Director | Customer Success | B2B | B2C | Key Account Development | Sales Leadership | Results through growing people
Dealing with Counter Offers Navigating a counter-offer can be tricky. When you've decided to change roles and your current employer presents a counter-offer, it's crucial to weigh your options carefully. Here's my take on the best approach: Firstly, remember why you sought a new opportunity. Was it for career growth, a better work-life balance, or perhaps a more aligned company culture? If the counter-offer doesn't address the core reasons for you wanting to leave, it may only serve as a temporary fix. Consider the long-term implications. Accepting a counter-offer might signal to your employer that you're not fully committed, potentially affecting future trust and opportunities. It's essential to reflect on whether the counter-offer truly changes your position or if it's just a stop-gap. Communication is key. Have an open and honest conversation with your current employer. Express your gratitude for the counter-offer but also share your reasons for moving on. This ensures a professional tone is maintained and leaves the door open for potential future collaborations. You never know when paths may cross again. Lastly, think about your professional growth. Will staying put allow you to reach your career goals? Often, a new role offers fresh challenges and learning opportunities that a counter-offer can't match. gain. Before making your decision, take a step back and consider what's best for your career trajectory and personal fulfillment. And remember, it's not just about the money; it's about where you see yourself enjoying your work and thriving in the long run. #CareerMoves #CounterOffer #JobChange
To view or add a comment, sign in
-
Are you looking for new talent to help your business grow over the long-term? If so, I can helpโcheck out my profile to discover how.
You've made it through most of the complex steps involved in finding a new job, from designing the ideal CV to practising the ultimate interview techniques. Finally, all your hard work has paid off, and you've received an excellent offer from your new employer. So, what happens when you hand over your resignation letter and your current manager provides a counteroffer, asking you to stay? Anywhere up to 50% of the employees who choose to resign from a role will receive a counteroffer from their employer. In other words, additional money or benefits they didn't consider offering you before they realised you wanted to leave. In the age of the Great Resignation, when demand for talent is higher than ever, your chances of getting a counteroffer are even higher. While the promise of extra benefits, money, or responsibilities from your existing employer might be tempting, accepting a counteroffer could be a bad move for your career. A counteroffer is an offer made by your existing employer in response to the offer you've received from another business. When you hand over your resignation letter and your manager promises you more money to come back and retain your existing role, this is a counteroffer. Counteroffers are becoming more commonplace as leaders struggle to hold onto their top talent in a skills-short environment. Unfortunately, according to statistics, around 80% of the people who accept these offers end up leaving their employer within six months anyway. Keep an eye on out over the next few days as we will explore just a few reasons why you should usually ignore a counteroffer.
To view or add a comment, sign in
-
-
You've made it through most of the complex steps involved in finding a new job, from designing the ideal CV to practising the ultimate interview techniques. Finally, all your hard work has paid off, and you've received an excellent offer from your new employer. So, what happens when you hand over your resignation letter and your current manager provides a counteroffer, asking you to stay? Anywhere up to 50% of the employees who choose to resign from a role will receive a counteroffer from their employer. In other words, additional money or benefits they didn't consider offering you before they realised you wanted to leave. In the age of the Great Resignation, when demand for talent is higher than ever, your chances of getting a counteroffer are even higher. While the promise of extra benefits, money, or responsibilities from your existing employer might be tempting, accepting a counteroffer could be a bad move for your career. A counteroffer is an offer made by your existing employer in response to the offer you've received from another business. When you hand over your resignation letter and your manager promises you more money to come back and retain your existing role, this is a counteroffer. Counteroffers are becoming more commonplace as leaders struggle to hold onto their top talent in a skills-short environment. Unfortunately, according to statistics, around 80% of the people who accept these offers end up leaving their employer within six months anyway. Keep an eye on out over the next few days as we will explore just a few reasons why you should usually ignore a counteroffer.
To view or add a comment, sign in
-
-
As the old saying goes, โItโs hard to find good peopleโ. Certainly in terms of both capability & character it often can be. But when you do, well, it makes all the difference. Let alone when you manage to achieve this twice in a very short space of time. This time last year I was tasked with finding two new recruits for our all important Operations team. To make the recruitment process that extra challenging the Christmas holiday period was fast approaching & it was a very tight job market. The all consuming question on my mind at that time was, how to find not one but two new recruits to fill these key roles. With this recruitment process there was the need to get that all important cultural fit right, while also ensuring that key business objectives could continue to be met, in terms of improvements to our operational risk management & contractor performance engagement. Well, twelve months down the track & I could not be happier with the team assembled. A big thanks & congratulations to Sunny Singh & Emanuel Gorgey for all that you have brought to our small but dedicated property team. Their aptitude & attitude I simply cannot faultโฆnot that I have been trying to! They have fitted into our culture with ease. Whatโs more, it's fair to say they are two of the nicest people one could hope to work with & get to know. Moral of the story is, at the end of the day, most of us want to be able to make a valuable contribution in our roles while working together with good people. It is that simple but yet quite often hard to achieve. Special thanks also to Dean Young for the hot tip. A genuine referral is always a good head start.
To view or add a comment, sign in
-
-
โ Debating accepting a counteroffer โ Working in recruitment, counteroffers are the worst as we all know... we do all the work, get an offer secured for our candidate, and they end up staying put. ๐ Well, if you're on the market considering a counteroffer make sure you read the below ๐ ๐ Over 85% of people who accept a counter offer leave withing 6 months of accepting. ๐ NEVER accept terms without getting it in writing... you now get flexi working or a pay increase or a special bonus? Get it in your contract or don't bother! ๐ You had reasons that you felt pushed in a new direction, will this offer really change and address all of those reasons? ๐ If these options/ pay rises were available before, then why aren't you already getting them?! KNOW YOUR WORTH! Now to really cement in how pointless counteroffers can be... If you are an employer looking to counteroffer your team, then see below ๐ ๐ Chances are it isn't just pay pushing your people out the door, a pay rise won't address all the issues and you will likely end up having to recruit the role anyway (feel free to give me a call to help out! ๐) ๐ Now you have counteroffered 1 person, the team will notice/ hear about it, and you better expect a few more on the way... ๐ Both you and this candidate know they were going to leave, are you 100% confident you can behave as though they weren't and not behave unconsciously biased towards them? โญ Create a positive, rewarding work environment where you pay and treat your team as they deserve, and you won't need to worry about all this stuff anyway! As a recruiter, we watch counter offers get accepted every day and it is incredibly rare that candidate isn't reaching out a few months later as they have made the wrong choice. Don't let an amazing opportunity pass you by, know your worth and don't be afraid of change! ๐ค What are some of your best counteroffer avoidance tips/ stories? Catherine Nathan Emma Jack Lucy Iestyn Henna John Max Chris Michael Jacqui #reedrecruitment #reedbusinesssupport #counteroffers #knowyourworth
To view or add a comment, sign in
-
A worthwhile read when it comes to counteroffers. A very short-term strategy that just delays in the inevitable in my experience, but I'd be interested to hear if this has ever been successful in retaining talent in the medium to long-term? #reedmarketing #recruitment #counteroffer #reed
โ Debating accepting a counteroffer โ Working in recruitment, counteroffers are the worst as we all know... we do all the work, get an offer secured for our candidate, and they end up staying put. ๐ Well, if you're on the market considering a counteroffer make sure you read the below ๐ ๐ Over 85% of people who accept a counter offer leave withing 6 months of accepting. ๐ NEVER accept terms without getting it in writing... you now get flexi working or a pay increase or a special bonus? Get it in your contract or don't bother! ๐ You had reasons that you felt pushed in a new direction, will this offer really change and address all of those reasons? ๐ If these options/ pay rises were available before, then why aren't you already getting them?! KNOW YOUR WORTH! Now to really cement in how pointless counteroffers can be... If you are an employer looking to counteroffer your team, then see below ๐ ๐ Chances are it isn't just pay pushing your people out the door, a pay rise won't address all the issues and you will likely end up having to recruit the role anyway (feel free to give me a call to help out! ๐) ๐ Now you have counteroffered 1 person, the team will notice/ hear about it, and you better expect a few more on the way... ๐ Both you and this candidate know they were going to leave, are you 100% confident you can behave as though they weren't and not behave unconsciously biased towards them? โญ Create a positive, rewarding work environment where you pay and treat your team as they deserve, and you won't need to worry about all this stuff anyway! As a recruiter, we watch counter offers get accepted every day and it is incredibly rare that candidate isn't reaching out a few months later as they have made the wrong choice. Don't let an amazing opportunity pass you by, know your worth and don't be afraid of change! ๐ค What are some of your best counteroffer avoidance tips/ stories? Catherine Nathan Emma Jack Lucy Iestyn Henna John Max Chris Michael Jacqui #reedrecruitment #reedbusinesssupport #counteroffers #knowyourworth
Relooking At Why You Should Never Make Or Take Job Counter Offers
forbes.com
To view or add a comment, sign in
-
Handling counteroffers effectively requires a balanced approach. According to advice from top business leaders and experts in the field, here are some strategies to consider: 1. Evaluate Your Reasons for Leaving Before considering a counteroffer, reflect on why you wanted to leave your current position in the first place. If your primary motivations for leaving are not addressed by the counteroffer, such as a lack of career growth opportunities or a negative work environment, it might be wise to decline the counteroffer [oai_citation:1,How to handle a counter-offer](https://lnkd.in/gxRSryMe). 2. Be Transparent and Collaborative If you are leaning towards accepting a counteroffer primarily for financial reasons, it's crucial to be transparent with your employer. Explain that your decision to consider other opportunities is driven by salary considerations and engage your manager in a discussion about what could be done to align your compensation with market standards without making it sound like an ultimatum [oai_citation:2,4 Ways to Handle a Counteroffer](https://lnkd.in/g8Wn74ux). 3. Consider the Long-Term Impact Accepting a counteroffer can sometimes affect your reputation within the company. There might be perceptions of disloyalty or indecisiveness, which could impact your long-term career progression at the company and in your industry [oai_citation:3,How to handle a counter-offer](https://lnkd.in/gxRSryMe). 4. Prepare for Possible Outcomes It's essential to be prepared for all potential outcomes when negotiating a counteroffer. This includes the possibility of leaving your current role if the counteroffer does not meet your expectations or if it becomes clear that your career goals cannot be met by staying [oai_citation:4,4 Ways to Handle a Counteroffer](https://lnkd.in/g8Wn74ux). 5. Ensure an Amicable Departure If you decide not to accept the counteroffer, aim for a gracious exit. Communicate your appreciation for the opportunities you were given and maintain positive relationships with your colleagues and supervisors to ensure good references and ongoing professional relationships [oai_citation:5,How to handle a counter-offer](https://lnkd.in/gxRSryMe). These steps can help you navigate the complex dynamics of counteroffers thoughtfully and professionally, ensuring that you make the best decision for your career goals.
How to handle a counter-offer
robertwalters.com.sg
To view or add a comment, sign in
-
๐ Considering a career move? Let's talk about the counteroffer trap! ๐ซ๐ธ Many employees are tempted by a salary increase, but here's why it might not be the solution to your career concerns: 1. Temporary Fix, Not a Solution: A counteroffer is often a short-term fix. It might mask issues temporarily, but the root causes, such as a toxic work environment or lack of growth opportunities, remain. Remember, it's not just about the money; it's about job satisfaction, growth, and a positive work culture. 2. Erosion of Trust: Accepting a counteroffer can strain the trust between you and your current employer. The question lingers: Why did it take a resignation for them to recognize your value? 3. Delaying the Inevitable: Recruiting firms report that the majority of employees who accept counteroffers because of the fear of change or out of some misguided sense of loyalty recognize the error of their ways and eventually leave anyway. At MB Professional Services, our role is to guide you toward a decision that aligns with your long-term career goals. We delve into the nuances of your job search to ensure you don't fall into the counteroffer pitfall. ๐ Here's how we assist: 1. Thorough Consultation: We take the time to understand your motivations, concerns, and aspirations, going beyond just financial incentives. 2. Holistic Career Evaluation: Our experts evaluate your career holistically, addressing not only compensation but also growth opportunities, company culture, and work-life balance. 3. Transparent Communication: We keep the communication lines open, providing insights into potential pitfalls and guiding you toward a decision that enhances your professional journey. Don't settle for a temporary fix. Let's work together to find a role that brings lasting fulfillment and addresses all aspects of your career concerns. ๐๐ผ #CareerDecisions #CounterOfferAwareness #MBProServices
To view or add a comment, sign in