Verkom

The Best IT Jobs, The Best IT Contract Jobs are terms synonymous with Verkom. With offices in Dublin, Cork, Limerick, Waterford and Kilkenny, Verkom's indepth understanding of the IT recruitment market along with our national coverage sets us apart as the IT recruitment consultancy of choice in Ireland.  Read more >>>

Managing a Counter Offer

What is a counter offer?

By definition, a counter offer is an offer from your current employer designed to dissuade you from leaving your current job.

At Verkom, our team of consultants are trained to pre-empt this situation and prepare you to deal with whatever your current employer throws at you.

Reasons for Not Accepting a Counter Offer

  1. You have to question what type of company you work for if you have to threaten to resign before they give you what you are worth ?
  2. Where is the money for the counter offer coming from? Is it your next raise early? All companies have strict wage and salary guidelines which must be followed.
  3. Your company could start looking for a new person at a cheaper price.
  4. You have now made your employer aware that you are unhappy. From this day on, your loyalty will always be in question.
  5. When promotion time comes around, your employer will remember who was loyal, and who wasn't.
  6. The same circumstances that now cause you to consider a change will repeat themselves in the future; even if you accept a counter offer.
  7. Statistics show that if you accept a counter offer, the probability of voluntarily leaving in six months or being let go within one year are extremely high.
  8. Accepting a counteroffer is an insult to your intelligence and a blow to your personal pride; knowing that you were bought.
  9. 80% of all employees who accept a counter offer are no longer with the employer after 1 year.


Managing Counter-Offers

It is important to be strong and take charge of the situation. Be clear about the reasons why you are leaving and that your new opportunity offers you what you want. Be clear that you are making the right decision and communicate this accordingly. Some  advice.

  • Formally resign, have your letter typed and hand it directly to your employer.
  • Explain to your employer that you don’t want a counter-offer and that you hope instead for an amicable departure. Explain that you've carefully weighed up the pros and cons of the two positions and have chosen the new one.