Where do I stand - new job offer/current employer.
Discussion
Recently I was formally offered a position at Company B and have accepted verbally. It is quite an interesting role, with a significant salary increase.
I handed my resignation to my boss in Company A this week, and within 20 minutes or so had had a call from a pretty senior exec with the initial outline of a significant promotion and salary increase. This also sounds rather interesting.
One of the reasons I was looking around was salary (I feel as though I am underpaid currently), but also a bit more responsibility etc. Both roles would offer that.
I haven't yet told Company B that my current employer is attempting to counter offer as nothing is actually concrete and I am not one to count my chickens etc.
Where do I stand? If I do a U-turn and stay with my current employer if their offer comes about and is as good as is being touted, what can Company B do? I do like the people I work with directly, the company is very flexible etc so staying on with a decent bit more cash (we are talking £12k+ extra) would be superb.
I had not anticipated the offer from my current company, and really didn't think they would be able to do anything at all that would entice me to stay. I was clearly wrong!
I do not want to mess Company B around too much, but I have no intention of playing one off against the other so do not really want to mention this development yet (especially since it might not actually happen).
Should I do as I am currently, and keep it to myself?
I handed my resignation to my boss in Company A this week, and within 20 minutes or so had had a call from a pretty senior exec with the initial outline of a significant promotion and salary increase. This also sounds rather interesting.
One of the reasons I was looking around was salary (I feel as though I am underpaid currently), but also a bit more responsibility etc. Both roles would offer that.
I haven't yet told Company B that my current employer is attempting to counter offer as nothing is actually concrete and I am not one to count my chickens etc.
Where do I stand? If I do a U-turn and stay with my current employer if their offer comes about and is as good as is being touted, what can Company B do? I do like the people I work with directly, the company is very flexible etc so staying on with a decent bit more cash (we are talking £12k+ extra) would be superb.
I had not anticipated the offer from my current company, and really didn't think they would be able to do anything at all that would entice me to stay. I was clearly wrong!
I do not want to mess Company B around too much, but I have no intention of playing one off against the other so do not really want to mention this development yet (especially since it might not actually happen).
Should I do as I am currently, and keep it to myself?
Company B can't do a thing if you change your mind so that's irrelevant. For me the question is whether or not your current employer can offer progression beyond their recent proposal. No point in staying if your are going to be stuck again in a couple of years if company B has a clear way forward to progress your career.
I guess security comes into it as well and also being 100% your current employer doesn't see you as having pressured them into making an offer which could hamper things in the future. Are they shafted if you leave?
If you want to stay I'd be pressing to get a new contract signed before telling company B you are not interested.
I guess security comes into it as well and also being 100% your current employer doesn't see you as having pressured them into making an offer which could hamper things in the future. Are they shafted if you leave?
If you want to stay I'd be pressing to get a new contract signed before telling company B you are not interested.
Company B can hire someone else, no problem there. As always, bear in mind that when you start a new job you can be fired in the first two years with as little an explanation as 'it is not working out'
If you have been at company a for more than a couple of years then it is not easy for them to sack you. If you do enjoy working at company a then that itself is very valuable. The new company could be a bunch of xxxx.
If you have been at company a for more than a couple of years then it is not easy for them to sack you. If you do enjoy working at company a then that itself is very valuable. The new company could be a bunch of xxxx.
I'd seriously think about where you head is at before accepting a counter-offer. Most people once they've looked externally have got it in their mindset that they're going to leave. You then start picking up on all the negatives of your current employer, and these don't go away.
A lot of people don't last longer than 6 months after taking a counter-offer. I've seen some large percentages attached to this fact, usually spouted by recruitment types, but it is true in my experience.
A lot of people don't last longer than 6 months after taking a counter-offer. I've seen some large percentages attached to this fact, usually spouted by recruitment types, but it is true in my experience.
Never good to close doors on either a current or prospective employer, especially if you work in an incestuous industry.
I asked whether you had received either offer in writing as, until you do you have nothing concrete or even firm to work with.
There are clearly pro's and con's for each and you will need to weigh up the risks and potential advantages.
For example, what are the relative stabilities of the two businesses.
Is job stability important to you bearing in mind if you have been with your current employer more then two years you have a little more security then moving into a new job.
Other factors to consider is whether your current employer has been taking advantage and now, seeing you about to leave, has accepted they have to OFFER (not necessarily deliver on) a promise of a better future in terms of money and prospects.
One thing to avoid if possible, for now, is laying out the new job offer in detail to your current employer. See if you can get them to make an offer based upon your perceived worth rather than just countering a (presumably) competitor's offer.
If you are thinking of staying as the poster above says, make sure you agree AND SIGN a new contrcat including the agreed new terms and READ IT CAREFULLY.
The potential new employer should send you the written offer anyway but don't agree until you have fully tread the terms.
Your current verbal acceptance is only an "in principle" acceptance subject to clarification.
Keep things pleasant and businesslike.
Its a nice position to be in so enjoy it.
I asked whether you had received either offer in writing as, until you do you have nothing concrete or even firm to work with.
There are clearly pro's and con's for each and you will need to weigh up the risks and potential advantages.
For example, what are the relative stabilities of the two businesses.
Is job stability important to you bearing in mind if you have been with your current employer more then two years you have a little more security then moving into a new job.
Other factors to consider is whether your current employer has been taking advantage and now, seeing you about to leave, has accepted they have to OFFER (not necessarily deliver on) a promise of a better future in terms of money and prospects.
One thing to avoid if possible, for now, is laying out the new job offer in detail to your current employer. See if you can get them to make an offer based upon your perceived worth rather than just countering a (presumably) competitor's offer.
If you are thinking of staying as the poster above says, make sure you agree AND SIGN a new contrcat including the agreed new terms and READ IT CAREFULLY.
The potential new employer should send you the written offer anyway but don't agree until you have fully tread the terms.
Your current verbal acceptance is only an "in principle" acceptance subject to clarification.
Keep things pleasant and businesslike.
Its a nice position to be in so enjoy it.
I have been there a little over 4 years.
Apparently this "offer" from my current employer had been in the works since before Christmas when they got wind I was looking to leave (not from me I might add). They have only had a couple of days to put something together formally, and did ask I give them a week to get it together.
Before Christmas I had turned a job offer down as it wasn't right for me.
There are obviously various reasons why I was looking for a new position, but this offer does, in theory, fix some of those issues (or at least, allow me to fix them). It would also offer significant progression and would put me in a fantastic position in a couple of years if I were to look again.
I have the contract and offer letter from the new position via email, but am expecting a written (and signed) copy to arrive by post soon.
My current company is probably a bit more stable than the new company, and that was a small concern of mine when accepting Company B's offer.
When I have previously moved jobs I was very certain. This time I am a bit unsure, even though I think the new role (prior to Company A countering) is the right choice.
Thank you for the advice.
Apparently this "offer" from my current employer had been in the works since before Christmas when they got wind I was looking to leave (not from me I might add). They have only had a couple of days to put something together formally, and did ask I give them a week to get it together.
Before Christmas I had turned a job offer down as it wasn't right for me.
There are obviously various reasons why I was looking for a new position, but this offer does, in theory, fix some of those issues (or at least, allow me to fix them). It would also offer significant progression and would put me in a fantastic position in a couple of years if I were to look again.
I have the contract and offer letter from the new position via email, but am expecting a written (and signed) copy to arrive by post soon.
My current company is probably a bit more stable than the new company, and that was a small concern of mine when accepting Company B's offer.
When I have previously moved jobs I was very certain. This time I am a bit unsure, even though I think the new role (prior to Company A countering) is the right choice.
Thank you for the advice.
Greshamst said:
I'd seriously think about where you head is at before accepting a counter-offer. Most people once they've looked externally have got it in their mindset that they're going to leave. You then start picking up on all the negatives of your current employer, and these don't go away.
this ^was i the exact same position a while back, except that i asked company A for a better package before even looking for a new job and was refused, as soon as the offer came from company B, company A came up with a better package... which i accepted, being completely honest with myself since then i haven't been truly happy at company A.
company B didn't take it well (i only verbally accepted) and never even responded to acknowledge i was no long joining, thought i'd burned my bridges there... however nearly 2 years later they've made contact asking if i'm still interested in talking to them.
Based on what you have written - you are staying put.
Sounds like a good plan, Just be sure to go back to the senior exec and say something.
Don't be seen as disloyal, head got turned by the cash, felt a little undervalued, pleased to see that there is real progression here etc
I know that stat about people who stay for a counteroffer rarely stay beyond six months, but fwiw it is quite situational, if the problems that lead your to resign are genuinely being cleared away and financially you are no worse off staying, then stay.
If you are bold ask why it took your resignation before they offered you this... but it sounds like you already did !
Sounds like a good plan, Just be sure to go back to the senior exec and say something.
Don't be seen as disloyal, head got turned by the cash, felt a little undervalued, pleased to see that there is real progression here etc
I know that stat about people who stay for a counteroffer rarely stay beyond six months, but fwiw it is quite situational, if the problems that lead your to resign are genuinely being cleared away and financially you are no worse off staying, then stay.
If you are bold ask why it took your resignation before they offered you this... but it sounds like you already did !
Just a couple of things you may not have thought of...its not just salary you need to think about but compare total package value. How good is the pension for instance? How stable are both companies (can be a finger in the air question though). Last in/first out for instance. Limited employee protection for first 2 years. You sound like to actually like working where you are now - who knows what the people will be like to work with at your new place. Add in your current employer obviously values you.
On the other side, I used to change jobs a lot and it always led to bigger and better things.
On the other side, I used to change jobs a lot and it always led to bigger and better things.
Thanks all
I am always cautious with a new opportunity and am very much of the mindset that the grass is not always greener.
The new role at my existing company would be quite challenging and better for my career development, actually. I ended up meeting with our Worldwide CIO where we discussed it and what I was looking for etc, which was quite nice and surprising.
Package wise, well, I think Company B's pension contributions are slightly better, plus automatic private healthcare whereas it is an optional at my current place. The holiday allowance at Company B is a lot lower than Company A, however. Company B was talking about a potential share offering as well, but that isn't in writing.
I have had an email from our Worldwide CIO with the "offer" outlined. Whether or not I can take that as sufficient evidence for an "in writing" offer, I am not completely sure.
It is probably about time to speak with the recruiter though.
Edit - Oh, I would say Company A is more financially stable. They are a much bigger entity whereas the role at Company B would be reliant on a contract being renewed this year and while it looks pretty certain it would, it would be a bit of a problem if it wasn't!
I am always cautious with a new opportunity and am very much of the mindset that the grass is not always greener.
The new role at my existing company would be quite challenging and better for my career development, actually. I ended up meeting with our Worldwide CIO where we discussed it and what I was looking for etc, which was quite nice and surprising.
Package wise, well, I think Company B's pension contributions are slightly better, plus automatic private healthcare whereas it is an optional at my current place. The holiday allowance at Company B is a lot lower than Company A, however. Company B was talking about a potential share offering as well, but that isn't in writing.
I have had an email from our Worldwide CIO with the "offer" outlined. Whether or not I can take that as sufficient evidence for an "in writing" offer, I am not completely sure.
It is probably about time to speak with the recruiter though.
Edit - Oh, I would say Company A is more financially stable. They are a much bigger entity whereas the role at Company B would be reliant on a contract being renewed this year and while it looks pretty certain it would, it would be a bit of a problem if it wasn't!
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