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Forum » Should you accept counter offers when you hand in your resignation?
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Thread: Should you accept counter offers when you hand in your resignation?

post 1670647673 11-04-2022, 04:52 PM
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Should you accept counter offers when you hand in your resignation?

cliffs:

- current job pays below market rate by approximately 30% for my role - been doing it for 3 years
- get new offer which pays 50% more on my current income
- hand in resignation and current company be like "oh but wait, we value your contributions to the company, we'll match that salary but also chuck a couple more k your way, please stay!!"

need thoughts from miscers who've also been counter offered
post 1670647823 11-04-2022, 04:54 PM
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Originally Posted By Anachron⏩
You're dumb if you do.

Target on your back, and you burned a bridge with the other company too.
yeah thought as much, thanks for your input srs

if they valued you at x amount anyway, begs the question why your salary wasn't adjusted to reflect that to begin with
post 1670648033 11-04-2022, 04:59 PM
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they are offering you MORE than other job

take it
post 1670648113 11-04-2022, 05:01 PM
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Frankly, they're dumb for even offering it. Even if you stay, you'll likely either jump when you get another better offer, or use it to squeeze a few more K out of them. If they really valued you, they'd already be paying you what you're worth.
"Bones heal, pain is temporary, and chicks dig scars" - Evel Knievel
post 1670648863 11-04-2022, 05:21 PM
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Originally Posted By Anachron⏩
They're offering it to buy themselves time to find a replacement.
heard like 80% of people who take counters end up resigning or getting sacked within the next 12 months or something anyway
post 1670649143 11-04-2022, 05:27 PM
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Originally Posted By RedInsectNProud⏩
yeah thought as much, thanks for your input srs

if they valued you at x amount anyway, begs the question why your salary wasn't adjusted to reflect that to begin with
They might just be stalling for time until they can safely replace you. I think it would be risky.

If you really liked the work and company, the compensation should be negotiated in better spirits imo. No way at that point to know if it's in good faith.

If it was a fantastic offer it might be different, but only you would know the social aspect and...idk.

Seems negative to me.
post 1670650083 11-04-2022, 05:52 PM
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30% is a huge f you from your current employer. If you were closer to current market rate I’d leverage but long term is sus at the current gig.
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post 1670652313 11-04-2022, 06:40 PM
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Originally Posted By jdforsy⏩
30% is a huge f you from your current employer. If you were closer to current market rate I’d leverage but long term is sus at the current gig.
we got acquisitioned about 10 months ago and the parent company were paying approximately 20k higher for equivalent roles, but ofc when we were bought out we didn't see a single penny of that
post 1670653363 11-04-2022, 07:03 PM
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Ask current employer to make the raise retroactive.
post 1670653593 11-04-2022, 07:06 PM
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Leave unless you really like working there, or it has a major convenience, like it’s close to your house.
It's better to die like a tiger than live like a pussy.
post 1670653873 11-04-2022, 07:10 PM
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Take their offer and then use it to shop for another job that pays even more
post 1670653973 11-04-2022, 07:13 PM
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Originally Posted By Anachron⏩
You're dumb if you do.

Target on your back, and you burned a bridge with the other company too.
This. I'd just move on. Plus the new company is looking forward to having you, I'm sure, since there's an employee shortage. Your current company should have come through with more money earlier on.
post 1670654373 11-04-2022, 07:22 PM
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Yeah I would definitely plan to move on either way, but you could go one step further and take the current company’s higher offer in the interim then use it for a jumping off point to continue looking around and potentially finding another company that will give you another bump on top of that

Did almost this exact thing back in 2019 and it worked out very well
post 1670654413 11-04-2022, 07:23 PM
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Originally Posted By uRFeeble⏩
they are offering you MORE than other job

take it
Don't do it. inb4 they keep you for 1 extra month and end up firing you.
Originally Posted By GreatOldOne⏩
They might just be stalling for time until they can safely replace you. I think it would be risky.
this
post 1670657293 11-04-2022, 08:26 PM
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Originally Posted By Anachron⏩
You're dumb if you do.

Target on your back, and you burned a bridge with the other company too.
This. But if you're like me and don't care about company #2 because they're a smaller no-name, you'll stick with company #1 for their counter offer... just know they might see you as a flight risk. In either case I would want to put a bit more into savings (increase your emergency fund by like $5k or so) as a result of a potential future layoff.
post 1670657583 11-04-2022, 08:33 PM
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IDK. My brother had this situation happen to him and he stayed with his current company. He ended up staying for like 14 years and quit on his own accord. Also, I believe this was before the 2008 recession. He never got laid off or treated any differently. I would stay for another year then shop around and see if you can leave for more $$.
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post 1670657653 11-04-2022, 08:37 PM
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Regardless of your choice, you need to research how to negotiate salary ASAP. Being underpaid for 3 years. Come on man!

Jordan Peterson has some good vids on it.
post 1670658773 11-04-2022, 09:04 PM
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If you stay, three years from now, you will be back to being paid below market value
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post 1670659153 11-04-2022, 09:14 PM
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I would say it depends on your life setup, how your work situation is, and what your goals are.

If you're cut throat, wanna make the most $$$ for your time, and are on the prowl for new opportunities I'd say move to the new company.

If you're more about comfort, can optimize your current perks, and have your setup built around the current job (hours, special considerations) and are valued at work, hell it might pay to stay.

Commute times, schedule, and benefits shouldn't be ignored.

I had a tough decision to make and ended up sticking with my old company. For me it was perks like paid commute and commute time, awesome schedule, and just overall job atmosphere that kept me.
Virtue is its own reward.
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