Resignation And Counter Offers
While resigning from your current position can be emotional and sometimes stressful, there are several things you can do to make the process go smoothly and quickly.
Providing your boss with a resignation letter is the most effective way to handle an uncomfortable situation. Put it in writing for these reasons:
- It’s formal and will become a part of your permanent record – protecting you.
- It helps focus on the positive aspects of your career move rather than negative aspects.
- It relieves the pressure of having to speak first.
The sooner you can leave the better. Give fair notice but ask to be relieved as soon as possible. Remember, you’re in an awkward position; the company can get by without you and you owe your energies and loyalty to yourself and to your new opportunity.
Don’t talk about counter offers – it is the single worst thing you can do during the resignation process. Talk to your PSI Recruiter for guidance.
Refer to the next section "Reasons Not To Accept A Counter Offer."
Reasons Not To Accept A Counter Offer
What type of company do you work for if you have to threaten to resign before they give you what you are worth? Some things to consider:
- Where is the money for the counter offer coming from? Is your next raise early?
- All companies have strict wage and salary guidelines that must be followed and therefore these promises may not come to fruition.
- Your company may immediately start looking for a new person at a cheaper price. In many cases you could be training your replacement.
- You have now made your employer aware that you are unhappy. From this day forward your loyalty will be in question.
- When promotion time comes around, your employer will remember who was loyal and who was not. Why would they promote someone who will simply leave when the next highest bidder calls?
- When times get rough, your employer will begin the cutback with you.
- The same circumstances that now cause you to consider a change will repeat themselves in the future even if you accept a counter offer. Things about your position and company rarely change.
- Statistics show that if you accept a counter offer, the probability of you voluntarily leaving in six months or being let go within one year is extremely high. 80% of people who accept counter-offers do not continue employment after 6 months; 90% are gone within 12 months.
- Once the word gets out, the relationship that you once enjoyed with your co-workers will never be the same. You may lose the personal satisfaction of peer group acceptance.