Counteroffer conundrums: Resources for stay-or-go dilemmas

by Beth Blakely | Dec 08, 2004 8:00:00 AM

Takeaway: After you've landed a new job, receiving a counteroffer can throw a wrench in the works. Check out these resources to help you decide whether to stay or go.

According to a survey by Compensation Resources Inc., more employees are quitting their jobs for better offers. The survey results were discussed in a recent CareerJournal article, which said that turnover should continue to grow in the next six months with everyone from the executive to the front line employees jumping ship.

You may be one of the many who've just been waiting for an economic boost to find a new job. After you give notice to your current employer but before you walk out the door, you may have to deal with one last thing: a counteroffer. Those last efforts by your current company to retain your talent can be tricky to navigate. Before you decide whether to stay or go, check out these TechRepublic resources:

Evaluate counteroffers carefully before you decide to stay or go
Once you've gone through the process of searching for and landing a new position, getting a counteroffer from your employer can present a serious dilemma. Staying put might seem attractive, but experts warn that this option may be a bad career move.

Weigh these factors before you accept a counteroffer
You're ready to walk out the door and leave your days as an unhappy employee behind. Then, your boss makes an offer you can't refuse. Or can you? Here are some points to keep in mind as you decide whether to accept a counteroffer.

The other side of the fence

If you're the manager of a soon-to-depart employee and want to try to change his or her mind by dangling a bit of cash or other incentives, use this advice gathered by TechRepublic contributor Ruby Bayan to assure you do it right.

Successful counteroffers require groundwork and careful handling
Making a counteroffer to a departing employee is a tricky business. Learn how to prepare and deliver counteroffers that serve your company's interests and satisfy the employee who was planning to leave.

Are counteroffers a no-win situation?

Can accepting a counteroffer ever be a good thing, or are you just prolonging the pain? Weigh in and tell us about your experiences in the discussion below.

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