Counter Offer: Exploring Your Options

After the job searching process, the interviews (and maybe even the stress) you’ve received an offer for a new role and it’s time to tell your line manager. This can be a daunting, nervous and stressful moment. You’ve built the courage to tell them and to your surprise, you’re given a counter offer from your current employer. What do you do? In this article, I summarise some of the key points to consider:

1. Why Are You Being Counter Offered?

Counter offers, often referred to as “buy backs,” are common in many industries, whether it’s telecoms, data centres, tech or renewables. They can be tempting, the offer of more money, better bonuses, a job title change, or a promotion – and you don’t need to move – sounds good right? It could even be very hard to turn down. However, consider why is this offer being made now that you’ve decided to leave? Consider whether it’s…

• A genuine plea: Sometimes, your employer genuinely wants to retain you. They value your skills and contributions. Maybe times have been so busy that the discussion of your employment has not happened.
• Convenience for employers: Other times, counter offers are made out of convenience. Training new employees can be costly and disruptive. Employers may prefer to keep you onboard.

Regardless of the reason, it’s essential to listen respectfully to the counter offer.

2. Reflecting on Your Decision to Leave

Consider why you initially decided to seek a new job. Was it due to:

• Lack of Prospects: No growth opportunities in your current role?
• Challenges: A desire for a more challenging position?
• Interpersonal Issues: Unresolved conflicts with colleagues?
• Other Factors: Relocation desires, company reorganistions, or changes in leadership?

If these reasons still hold, accepting the counter offer may not be the best choice.

3. Evaluating Your New Employer

Interviewing for a new job is challenging. Once you’ve asked all your questions and received answers, assess:

• Learning Opportunities: Will the new role allow you to learn and develop?
• Responsibility: Is there more responsibility?
• Compensation: Consider the basic salary and additional benefits.
• Location: Is it fully remote or office-based?

Having clarity on these factors will help you decide whether to accept or reject the counter offer.

4. Who Benefits Most?

When evaluating the counter offer, weigh it against your original reasons for leaving. Put your long-term career goals first. Seek advice from trusted sources, such as friends or a specialized telecommunications recruitment agency like First Point Group. Remember, comfort in the short term may not align with long-term prospects.

We can’t make your mind up for you, only you can. But if you would like to get some more information and advice on counter offers, get in touch with our in-house specialist today.