Most of us have been in the position where we have gone into our employer’s office and let them know that we are no longer going to work for them. There are may ways I have seen this done, some are honest and professional conversations with a trusted mentor with and a two-week notice and some involve a heated exchange involving foul language. The advice here more likely pertains to the first example.
1- Don’t put your notice in unless you are ready to walk out the door. Assuming that you are valued at your job, your company may attempt to keep you from leaving. You may be given more money, a promotion, a leadership role, or perhaps a fancy new title. You may hear your boss say, “Oh, but we had such great plans for you in the future!” A good question to ask yourself is, “Why did it take until I threatened to leave to be recognized or rewarded further?”
2- Companies have a tough time when good people leave. It often causes the rest of the team to have to work harder to pick up the slack. The attempt to keep you there rarely works out in the long run. You may have a little more money in your pocket, but most often the job hasn’t changed. The reasons why you were looking in the first place are still there, and your boss never views you the same. Who will be cut first when money is tight? How will you be viewed by your co-workers?
3- 80% of people who accept a counter offer are back on their job search within 6 months. Remember, you were the one who was disloyal. You were the one who was going to turn your back on the organization and walk out that door. When the next promotion comes up, do you think it will go to you? Often, the counter offer is a stop-gap, allowing the company to find a suitable replacement for you before letting you go. After working at a recruiting company for multiple years, I have heard many stories where many things that were promised during the delivery of a counter offer, never came to fruition.
Just recently, I managed to get one of my candidates a 100% increase in his salary. Imagine that, a company doubling your pay when you threatened to leave. What taste does that leave in your mouth? What does that company really think about you?
Accepting a counter offer can look appealing in the short term, but realize, it can be career suicide.