Navigating Counteroffers

 

You ironed your outfit, polished your resume and went on what probably feels like a million job interviews.  At last, you received an offer and are ready to say goodbye to your current job.  But wait.  Your boss offers you a substantial raise! How should you respond? Do you accept your current company’s offer or simply decline and move on?  The choices you make have consequences so carefully think through your options and each possible ramification.

Why did you launch your job search to begin with?

Job hunting is difficult.  No one begins a job search without a powerful motive to leave their current one. Before accepting the counter offer, take a hard look at the reasons that led you to search for a new job.  Was it the money, or was it the fact that being underpaid made you feel undervalued?  Was it a lack of career growth that resulted in you feeling stuck? Getting to the bottom of this question will help you decide if accepting the counter offer will solve or simply mask the real problem.

Will the counter offer solve the problem?

If the Benjamins were the only reason you began job hunting, then the counter offer would solve that.  However, your resignation may have set into motion more subtle problems affecting your relationship with your current manager.  Even if your intentions were pure, your employer may feel played.  He or she may feel blindsided by your near-quit, and uncertain about whether it will happen again.  Potentially, the transaction may lead to broken bonds with your boss which may make the workplace uncomfortable until you earn their trust again.  

Additionally, if you are unsure if compensation was the only reason you were unsatisfied with your current position, a raise may not make much difference. If you have been feeling overworked and if your life outside of work has been suffering from that…a raise really won’t solve much. If you feel burned out in your current role and there are no more opportunities for advancement or growth…a raise also may not provide you with enough incentive to be happy either.

What to do?  

Think about your options through a risk-benefit analysis.  A new job is always a risk.  No matter how carefully you gathered information about the business, analyzed the opportunity, and researched the culture and the company, there’s still an element of the unknown in accepting a new job offer.  Remaining at your current job also has it’s negatives, since you were motivated to look elsewhere anyway. Depending on that motivation,  a frank conversation with your current employer about why you began your job search and what the work environment will be like going forward may be enough reset and restart the relationship on the right footing.  If you feel like you have outgrown your current role or if the money isn’t a good enough reason to stay, maybe a new job is worth the risk. 

Looking for that next big offer? Check out our blog for help and guidance, check out our job board below, or contact us!

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Who is NEXTAFF? We are locally owned and operated staffing offices devoted to our communities, clients, and candidates throughout the United States. For more job tips and ideas, contact us. We are always hiring, so if you or someone you know is looking for work, check out our job board below and apply today! We are able to service all your staffing agency needs with local staffing offices in Sacramento-CA, Sonoma County-CA, Des Moines-IA, Raleigh-NC, Shawnee-KS, Topeka-KS, Detroit-MI, Kansas City-MO, Gulf Coast-MS, Phoenix-AZ, Miami-FL, and Harrisburg-PA.

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Meet Shane...

Shane’s journey with Nextaff began in 2019, when he established a successful franchise in the Kansas City metro area. His experience as a Nextaff franchise owner provides prospective buyers with a completely transparent view of the Nextaff Franchise Opportunity. Prior to his time at Nextaff, Shane led large sales teams in the Financial Services and Medical Device industries, further developing his expertise in leadership and business management.

Do you play sports?

Basketball! I was fortunate enough to play college basketball all 4 years and in 2013 we won the NCAA DII National Championship.

What do you love most about your current role?

Getting to know prospective franchise buyers. I love hearing about their goals and dreams they want to achieve through entrepreneurship.

What is your favorite color?

Orange! Yes, it is one of Nextaff’s main colors but it was my favorite before coming to Nextaff. In the franchising world, I’m known as “Orange pants guy”.

Meet Cary...

When it comes to operating a staffing firm, Cary has worn every hat.  From recruiting, to sales, to management, to ownership, he has been involved in every aspect of running a successful staffing business.  He has successfully led three separate companies to the Inc. 500 and Inc. 5000 lists, which puts him in an elite class of staffing entrepreneurship.  Combining that experience with a strong passion for entrepreneurs makes Cary an ideal leader for driving the Nextaff vision. 

Describe yourself in three words.

Loyal, Driven, Creative

Is there a mantra or affirmation you live by?

Do what you said you were going to do.

Do you have a celebrity doppelganger?

Back in the day, it was John Cusak.  “I want my two dollars!”