The number of counter offers we have witnessed has risen dramatically over the last three months, with many firms looking to fight to retain their talented people.
Many candidates are feeling that now is the time to move because their frustrations with their current employer has come to a head, either because of poor management style, lack of promotion or career prospects or low pay. After securing an offer of a new job they are then faced with the stressful dilemma of whether to consider seriously staying where they are or whether to move to a new company and make a fresh start.
We have seen many candidates feel frustrated at the lack of previous recognition from their employer and then reject the counter offer for that very reason. They are asking themselves why do I have to resign to get promotion and what does this mean about any new people that have joined our firm recently. Are they being paid more than us?
Some people are still scared of moving and so decide that they would like to sit tight and accept their current employers offer of promotion or pay rise…. Whilst this can be a good thing, if the reasons for looking for a new job opportunity were based on the culture of the organisation and management style as well as proects they were working on, then these things may be unlikely to change.
Our advice to job seekers is to really think twice about the reasons for changing jobs and decide carefully if you feel that you can get what you want by asking your manager in reviews and updates. It might save a great deal of stress and time.
As for employers, our advice to you, is if you want to attract new staff, work hard to really show them the real opportunity you are offering and the main attractions of working in your organisation.