Is it ok to stay after resignation?

Dec 5, 2019 26 Comments

TC 240k. Not with Dell now.

I resigned today in my current company but my director gave me the option to stay and he match my new offer which is 35% higher than current TC.

I like my current team a lot. Any pitfall if I decide to stay. Many folks say I might be at the top in next layoffs. But I think my work is crucial enough that they wont layoff me. What do folks here suggest?

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TOP 26 Comments
  • Fastmail Lynx007
    There’s a common wisdom to never accept a counter offer.
    Dec 5, 2019 6
    • Facebook
      FabB

      Facebook

      PRE
      Google, Microsoft
      FabBmore
      Could be they genuinely want you to stay, but it might be in the back of their minds that you wanted to leave. Or could be that they just want you to stick around until they find a good replacement and then sack you. Are you willing to take the gamble?
      Dec 6, 2019
    • Uber listen!
      It doesn't work like that. You have to first figure out the reason for your leaving and if it is easily fixable by your current employer. Second they have to really value you as an employee and trust in your ability to deliver after the transaction is done. If both these things are true, you can certainly do it by having a constructive conversation with your manager and/or skip. Btw, I didn't do this at Uber and my reason was comp which I knew my employer would be easily able to fix given the comp of other colleagues at my level, I did get a counter offer just to make the whole setup more legit.
      Dec 7, 2019
  • FLYR hQJf32
    I think the usual thought is that if you’re looking to leave a job for specific reasons ie. Wlb, culture, manager then those problems don’t go away because of a counter offer. That being said, sounds like your reason for resigning is purely TC. I would say the only pitfall in this case is that you might be over budget and this is a short term solution for them. If you’re confident this isn’t the case then I’d say stay
    Dec 5, 2019 2
    • OP
      Correct. Everything is awesome like wlb team boss work all. Just that now i have 35% more TC. I am inclined to stay with bumped TC.

      What if I ask the director that - will I have increased chances of layoffs in future if I stay ?
      Dec 5, 2019
    • New
      scheme

      New

      BIO
      Started blind to get some break from work. Now, I work to get some break from blind.
      schememore
      They will obviously say that your position will be safe. If they offered you a bump in TC it means that they want you to stay, for now ie.
      Dec 5, 2019
  • SmartThings jopfy
    This is a lesson which my first manager taught my mentor the hard way and it’s almost true in all the cases.
    You resign and they make a counter offer and you stay. They hire someone saying you need help and slowly once he is up to speed, you are let go because they know already that you are in market and have your one foot out of the building. So, once you decide; never ever accept a counter offer.
    Now, take that new offer and ask for more in your new company saying your current company is matching and you need to be tempted to accept the new offer. Again, how you deal is up to you.
    Dec 5, 2019 1
    • Northrop Grumman anon0110
      Has anyone had success with this? Negotiating an offer with a counter offer?
      Dec 15, 2019
  • Schonfeld / Eng
    9527

    Schonfeld Eng

    PRE
    Intel, morganstanley, citadel, etrade
    BIO
    coding monkey
    9527more
    Stay, but tell the other firm it’s for family reason. In case anything happens to you in current firm, contact them immediately.
    Dec 5, 2019 2
    • Amazon PIPninja
      this is a good idea
      Dec 5, 2019
    • Northrop Grumman anon0110
      Good idea since there's stories on Google all over. Someone rejects their offer for the counter offer and their salary raise never comes.
      Dec 15, 2019
  • Symantec / IT ocJT05
    You will get kicked out in next round. Right now you might be needed to get the work done but the moment it's done, you will be a burden and might get kicked out. Don't forget next year (winter) is coming!
    Dec 5, 2019 0
  • Micro Focus / Product GWOz11
    You went and looked for a new gig and it got you 35% higher TC. What made you look in the first place? Why didn’t your current workplace give you a raise? Some say staying is ok, but most have said time to move on.
    Dec 5, 2019 1
  • Lockheed Martin / Finance bipo
    You know the culture of your team better than we do. If you truly think that they won't screw you over, then stay if the only reason you wanted to leave was for TC.
    Dec 5, 2019 0
  • VMware
    goketsu

    VMware

    PRE
    Dell, General Motors
    goketsumore
    Don't take this . Been there done that. Was offered a counter offer by Dell on my last day, I declined it. After 2 months the majority of that team was reorged or let go. Also did you get promo or just bump? And what grade i.e I8, I9 etc.?
    Dec 5, 2019 0
  • Amazon / Eng xgIO00
    If the TC hike solves your problem, then you should stay.
    Dec 5, 2019 0
  • Microsoft iamletired
    Conventional wisdom says to never accept a counter offer. Conventional wisdom is wrong.
    Dec 5, 2019 1
    • OP
      What do you mean please explain?
      Dec 5, 2019

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