Counter from current employer after talks of leaving

PNC / Ops vNUN13
Nov 18, 2019 49 Comments

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?

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TOP 49 Comments
  • Salesforce 0gg0
    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 $
    Nov 18, 2019 3
    • Salesforce 0gg0
      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.
      Nov 19, 2019
    • PNC / Ops vNUN13
      OP
      It is...I am itching for a new challenge, too... and new company is still more $
      Nov 19, 2019
  • Wells Fargo Bigilaee
    First Rule : Never take counter offer.
    Last rule: never ever take counter, it will hurt you very soon!
    Nov 19, 2019 7
    • PNC / Ops vNUN13
      OP
      That’s a a great idea. I’ll keep referring back to my pros and cons doc.

      And it was more than just you guys...it was personal relationships.
      Nov 20, 2019
    • MassMutual AtIA03
      It depends on the reasons you give for trying to leave. my friend seems to be having a good time after choosing to stay. All She did was show the company that she is not comfortable with her Manager and that’s why she was trying to leave. She was moved to a better team and even given a raise for raising the leadership issues
      Nov 20, 2019
  • Deloitte / Product
    V.Y

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    V.Ymore
    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.
    Nov 19, 2019 1
    • PNC / Ops vNUN13
      OP
      That’s a good point. Thanks for the feedback.
      Nov 19, 2019
  • Chubb / Admin atheom
    Speaking from experience here; do not accept counter offers.
    Nov 19, 2019 6
    • Chubb / Admin atheom
      I was in the exact same position as you and I fell for it. Move on.
      Nov 19, 2019
    • PNC / Ops vNUN13
      OP
      What happened to you, if you don’t mind me asking?
      Nov 19, 2019
  • PNC / Ops vNUN13
    OP
    Thanks everyone. I ended up not taking the counter offer. Although they got really close, I didn’t want to look back later in life and wonder where my career could have gone if I didn’t take the leap of faith & tried this new path.

    My current company genuinely wished me luck and said congratulations. I had emails from executive leadership, which was flattering, and they all said the channel remained open.

    So, onwards and upwards for me! I am actually super excited about this new opportunity and I thank you all for such amazing feedback.
    Nov 27, 2019 2
    • Brown Brothers Harriman KnYh57
      Best of luck OP, I’m glad you are happy with your decision!
      Nov 27, 2019
    • PNC / Ops vNUN13
      OP
      Thank you!
      Nov 27, 2019
  • BMO hPnJ57
    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.
    Nov 19, 2019 1
    • PNC / Ops vNUN13
      OP
      That’s a great point...new offer is still higher, but less flexibility....it’s a way bigger pond, though.
      Nov 19, 2019
  • Intel / Eng Feetcode
    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.
    Nov 18, 2019 1
    • PNC / Ops vNUN13
      OP
      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.
      Nov 19, 2019
  • Finastra HKsN65
    Leave and don’t look back. You already made the decision. Always make your decisions based on happiness, not financial reward.
    Nov 20, 2019 0
  • Deloitte JMMATX
    Don’t do it. You’ve already shown your cards. Time to move on
    Nov 19, 2019 0
  • PNC / Ops vNUN13
    OP
    Another burning question - after the second counter, they got close to the new job with equity & bonus. But base is still $15K lower. What’s your advice on making a decision on total comp vs base? Both are still lower with the current jobs new offer, but just wondering what you guys have to say about that...
    Nov 19, 2019 4
    • Salesforce 0gg0
      Think of it this way -- if you don't take the new role now, you'll be stuck at the current employer thinking about 'what if I had taken that role?' whenever something annoying pops up or you feel limited in learning opportunities / challenges
      Nov 19, 2019
    • PNC / Ops vNUN13
      OP
      And if I do, as long as I stay in contact with them, I can always come back.....if they aren’t lying about the door being open.
      Nov 19, 2019

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