Tuesday, May 16, 2006
It's not always about the counter-offer!
When you quit your job and accept another offer, it might be a good idea not to accept a counter offer. It is not always about more money? Your compensation should reflect your contribution to your employer. If it takes a resignation to remind your employer of your contribution, then weigh your options. Think about why you felt the need to pursue other opportunities in the first place.

"The demand for talent has risen as companies invest more heavily in their marketing strategies," said Tracey Turner, executive director of The Creative Group. "As a result, businesses are striving to retain their best people, and creative professionals have more leverage in terms of compensation."

Turner advised employees to think carefully before accepting counter-offers. "Professionals should consider all of the factors that prompted them to seek other positions; the decision often involves more than money. If the new job provides greater growth or advancement opportunities, accepting it may be a better long-term career move."

Turner provided the following factors to consider when a counteroffer is extended:

The rationale: Have you been asked to stay because your firm will be in a pinch if you leave? Ensure the counteroffer is being extended because of the value you bring to the team, not to prevent you from leaving the company in a lurch.

The work: A new salary or title won't compensate for a lack of interesting assignments. If your career has hit an impasse, get assurance that you'll be provided greater challenge, not just better pay.

The future outlook: Have your previous requests for promotions or raises been denied? The best employers promote from within and compensate fairly on an ongoing basis, not just when they are forced to do so by circumstance. If you have to give notice to earn a salary adjustment, you may be better off elsewhere.

Sometimes the grass is greener on the other side!
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