Once you inform your current company that you have received a job offer, they might give you a counter-offer which includes a promotion, higher salary, or more perks. Your TA can help you navigate the offer process and evaluate what option is best for you. However, here are our top tips:
Remember that it's always hard to leave a job, especially if there are people wanting you to stay enough to make a counter offer.
Here are a couple of points to keep in mind when you evaluate a counter offer:
Consider the reasons you wanted to leave before you began your job search. Ask yourself if remaining with this employer will address the problems that led you to want to leave and the job search goals you set.
Understand what rejecting or accepting the counter offer could mean for your relationship going forward, with both your current and new employers.
If you are leaning towards not accepting the counter offer, politely decline and be firm in expressing your reasons for leaving which are not purely monetarily aligned. It is still crucial to leave on good terms with them because they could always take you back if something goes wrong or it does not work out at your next employer.
You may feel that the counteroffer addresses your job search priorities. It can often feel a lot easier to remain in your current job than to leap into a new one. If you’re leaning towards accepting it, make sure you’re doing it for the right reasons; that you’ll be able to continue growing towards your career goals and at the same rate as you would be in a new role.
Remember: When you accept an employment offer, you enter a legally binding contract. If you’ve already accepted the new employer’s offer and would prefer to continue with your current employer, you will be going back on the new offer.
It’s best to avoid going back on offers altogether, but if you cannot avoid it due to unforeseen and justifiable circumstances, you need to arrange a call with the hiring manager as soon as possible. Justifiable circumstances would include your family needing to relocate, not because you were given a more tempting offer from another company. This is why it’s vital to delay deciding on offers as much as possible.