Why you should not get retained by your employer on higher salary offerings

Every employee in an organization has one of the most expensive and valuable assets with him- the Talent!

Just consider a small scenario between Organization (O) and Employee (E)

O-Hiring from outside instead of promoting from the current working team

E- Resigning after realizing that the organization is not considering its worth

O- Doesn’t want to make the employee leave and so it offers best counter-offer to retain him anyhow

E- Is in dilemma! Whether to reject the counter-offer with ample perks and benefits or accept it!

The best thing employee can do is simply REJECT this counter-offer!

Read more to know WHY!!

Before going further, just think once have you ever been faced this kind of situation in your career? Have you been also retained by counter-offers or on higher salary offerings?

What was your take on this?

See, accepting this offer may give you more money, but it usually comes with a cost of ample of hidden disadvantages!

YES!!

As we stated right at the starting of the blog that talent is an indispensable thing for any organization that needs to be treasured and not just let go of it easily. While the hiring process, they make sure to put on-board the best talent out of available options.

After resignation, majority of the organizations make lucrative retention offers or a counter-offer for the benefit of the business. They go to great extents to keep their talents engaged! But the thing is should you accept it or not!

Most of the times, accepting a counter-offer can be a huge blunder. Some of the reasons behind this are-

1. You will lose trust:

As soon as you put down your papers to your current employer and accept a new offer, it shows that you were not happy and already looking for a change. In this case, if you’re given a counter-offer and you accept it, it’ll not guarantee that you will not look for change again. Also, the new organization will lose trust in you and maybe won’t consider you in the future due to lack of trust!

2. You will lose your reputation and respect

Accepting the counter-offer after putting down the papers may term you as an indecisive and fluctuating personality. Accepting a counter-offer may change your relationship with colleagues as well as your superiors and those working under you. In addition to that, those who are under you will always wonder about the deal that made you change the decision of leaving the company. Certainly, this will ultimately lose the reputation that you’ve built with your hard work and dedication!

3. Your bank balance will remain the same in the long run

A better and more package will make you happy and ecstatic for the short-term as these financial gains are quite unlikely to last for longer periods. The reason is, this extra money or the monetary hike given to you to keep you on board has been come from somewhere and maybe allocated for your next bonus or raise. This negates the true value of the counter-offer.

4. You are burning bridges

Threatening your current organization to resign and leave is indeed a bad idea, especially after you’ve accepted the offer from another company. The decision of getting retained and continuing working with the old organization can hamper your impression in both companies. If you decide to stay and continue serving your current company and in the future things don’t work for you as expected it can be said that you’ve burned a bridge with the company that could have been a better fit for you and your talent. Just remember, even the oral acceptance can be considered as an agreement by your new organization. So better take your decision wisely.

Final Words

Summing up everything, it can be said that counter-offer is no less than career “Kiss-Of-Death”!

It can affect your career severely while leaving a drastic impression!

What are your views on this? Does the employee accept counter-offer and be retained in the current organization after resignation or not. Do let us know in the comments.