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Dear Steve and Jon, I have just accepted a job offer that reduces my long commute in half but my present employer has counter-offered with a 20% pay increase and promised an early promotion? How do I tell the new company I am not going to show up? Signed: Conflicted |
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Dear Conflicted, Don’t do it! Staying with your current employer could be the worst mistake in your career. From their viewpoint, you have broken their trust and you will never be seen as a long-term employee. You had reasons to look for other employment, and those reasons have not changed. Evidently, your talents are valued, so do a good job with your new employer and you will make up the salary difference quickly. Plus, have you checked the price of gas lately? |
Dear Conflicted, Keep your word and take the new job. Your old employer can double your salary, but as long as they only keep you until they find your replacement, it will not cost them very much. Surveys indicate that 85% of he people who initially have stayed because of buy-back counter offers, have left within 6 months, by either their own initiative or that of their old employer. |
TESTIMONIAL
"I received and accepted a middle management position from a large multinational corporation. In response to my initial resignation, I was offered and accepted an 18% increase to stay with my old employer. In less than one year, I was back on the market, not from being fired but from being sidelined in a position outside the management team. My employer has isolated me away from the rest of the team. My career suffered when I allowed myself to be bought back rather than holding fast to a commitment I made to join the new company. And there are two less companies for me to apply to now.
I wish I had read the article on the hazards of accepting a “buy back” from your present employer. After resigning to join another company, I actually set myself up for it. It happened just as the articles warned. Mike"
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