Counter offers are common in the property industry, and as recruiters we come across them often. Within the recruitment industry counter offers are seen as negative but as a candidate it can be hard for you to make that decision of whether it is right for you.
As a specialist property industry recruitment agency, in 90% of counter offer scenarios we would always advise not to accept them. However in this blog we want to take a look at both the pros and the cons of counter offers so you can make that important decision for yourself.
The Pros of Accepting a Counter Offer
Higher Salary: One of the most common reasons for accepting a counter offer is the promise of a higher salary. If your current employer wants to retain you, offering more money is typically their first move. This can be a very attractive propositions, especially if they are promising more money than your next employer is.
Familiarity: Starting a new job can be daunting, and there's always a risk that it won't be the right fit. By accepting a counter offer, you can avoid the uncertainty that comes with starting a new job and stick with what you know.
Benefits: Your employer may also offer improved benefits packages as part of a counter offer. This could include things like additional holiday time, better flexibility with working hours, or other benefits that you value or that your next employer is offering.
The Cons of Accepting a Counter Offer
Trust: Once you have handed your notice in, your employer may start to question your loyalty to them. Accepting the counter offer may hinder you in the long term, if the unfortunate decision of redundancies has to be made you may be on the list as you have already expressed interest in leaving. It may also hinder your chances at promotions and further opportunities.
Long-Term Career Goals: While a counter offer may provide short-term benefits, it's important to consider how it fits into your long-term career goals. If the reason for leaving the current job was to pursue a specific career path or opportunity, accepting a counter offer may not address this and may ultimately lead to dissatisfaction down the line.
Company Culture: If you’re decision to look for a new job is because of company culture and the working environment, accepting a counter offer due to the promise of more money won’t change how you feel in the business. It may look better for a short while but the original feelings you had about the company will re-appear.
In conclusion, accepting a counter offer can be a tempting proposition, particularly when it includes an improved salary or benefits package. However, it's important to weigh the pros and cons carefully before making a decision.
If the reasons for leaving the current job aren't addressed by a counter offer, it may be best to stick with the original decision to leave and explore new opportunities.
Ultimately, before making a decision on a counter offer you need to ask yourself about the real reason you wanted to leave.
The Ambitious Group is a recruitment agency specialist in the property, conveyancing and construction industry. If you are looking for a new job or need some career advice, we can help! Get in touch today or view our latest jobs here!