Counter from current employer after talks of leaving
Pros & Cons of taking a counter with current employer after telling them you got an offer somewhere else? Retaining talent seems to be a new priority, happy with manager, team, & job. Accepted new offer because of $ and possibility for advancement in new company. Old company won’t match new company, but the old company is comfortable, is a great place to work, has tons of flexibility to WFH, and love the atmosphere/work/teams. Built meaningful relationships there, but not worried about not building meaningful relationships in new place, either.... Thoughts? Other than comp, what’s the positives/negatives?
If you've already accepted, move on and try out the new gig. If you don't like it, you can always boomerang and make more $
I did ask that question and it didn’t originally seem like the bridge was burned, but they countered a second time. I don’t want to burn two bridges....
You're not burning any bridges by not accepting the counter offer. Politely tell them that you really appreciate them offering to make you want to stay, but that it's about wanting to experience what's out there not just about money -- which I'd think is also true for your case.
What's your yoe? How long have you been at your company? Can you advance in the current company? What do you care more about?
Total YOE in finance world is 8. I care about both! I don’t know if I can advance though, because my company is known for continuously reorganizing and changing things up.
Wouldn't that work in your favor? You can move to a new role and learn new things. Perhaps even a managerial level
Speaking from experience here; do not accept counter offers.
Care to expand? They countered a second time....they seem to be adamant on keeping me, and I understand why they weren’t able to do this until now...
When I accepted a counter offer. My employer began treating me differently. So much so I regret accepting the counter
Everyone in the finance world within individual cities seems to know each other. If you've already accepted I would follow through. Like others have said, you can always come back.
That’s a great point...new offer is still higher, but less flexibility....it’s a way bigger pond, though.
I would move on to the new company and position! They see your value. You can always return if you leave on good terms and hopefully with more experience at an elevated level. The new company is willing to invest. While the old company isn't willing to match. You can always maintain those friendships and again..come back later. I read that 70 to 80 percent of people who accept counteroffers either leave or are let go within a year...
I did leave on good terms, so good point.....
Don’t do it. You’ve already shown your cards. Time to move on
First Rule : Never take counter offer. Last rule: never ever take counter, it will hurt you very soon!
Nah. They had time and capacity to do it prior be it title, responsibility, or slary. Which they never did. Respect yourself and move on.
That’s a good point. Thanks for the feedback.
I accepted counter with old Company and almost immediately regretted it. Same problems as always, my Suggestion is take the new job.
Oh? Why did you almost immediately regret it?
Depends on your personality. I'm the type that takes risk, so it doesn't bother me if I fail at my new endeavors. If you don't like taking risks then stay in your comfy box.
I don’t mind risks. I consider myself a fairly smart individual, and even if I fail, I’ll just try again until I do. I‘m stubborn & hungry for how I measure success.