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Accepting a counteroffer
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Declining a counteroffer
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Following up after accepting or declining a counteroffer
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Avoiding common pitfalls of counteroffers
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Negotiating effectively with counteroffers
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Making the best decision for yourself
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Here’s what else to consider
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You've negotiated your salary and received a counteroffer from your current or prospective employer. Now what? How do you follow up after accepting or declining a counteroffer? In this article, we'll share some tips on how to handle this delicate situation and maintain a positive relationship with both parties.
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- Lisa Chubinsky, CPC, CTS, CPCC I Help Job Seekers Accelerate their Careers🚀I'm a former Executive Recruiter who's now a Certified Career Coach…
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- Allison Quintanilla Plattsmier, Ed.D, DBA, CFRE, CAP, ACNP AFP's Outstanding Young Fundraising Professional | National Latino Leader | NBJ Woman of Influence | 2024 Nashville…
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1 Accepting a counteroffer
If you decide to accept a counteroffer, you should communicate your decision clearly and promptly to both your current and prospective employer. Thank them for their offer and explain why you chose to stay or join their organization. Be respectful and professional, and avoid burning any bridges. You should also confirm the details of your new contract, such as your salary, benefits, start date, and responsibilities. Make sure you get everything in writing and sign the agreement as soon as possible.
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- Rob Stashi Operational Excellence Expert | Lean Six Sigma Master Black Belt | TPM | Lean Transformation Leader
The best scenario and what I have done and will do it to be honest to both the current employer and the new one. You owe it to the organization you work. The only exception will be if there is a working relationship issue with your current employer. Then they more than likely will not care.
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2 Declining a counteroffer
If you decide to decline a counteroffer, you should also communicate your decision clearly and promptly to both your current and prospective employer. Thank them for their offer and explain why you chose to leave or pursue another opportunity. Be respectful and professional, and avoid bad-mouthing or criticizing either party. You should also finalize the terms of your departure, such as your notice period, handover, and references. Make sure you follow the company policies and procedures, and leave on good terms.
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3 Following up after accepting or declining a counteroffer
Whether you accept or decline a counteroffer, you should follow up with both your current and prospective employer after a few days or weeks. Express your appreciation and gratitude for their support and cooperation. Reaffirm your commitment and enthusiasm for your role and goals. Ask for feedback and guidance on how to succeed and grow in your position. Maintain a positive and constructive relationship with both parties, and avoid any regrets or resentment.
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4 Avoiding common pitfalls of counteroffers
Counteroffers can be tempting, but they can also be risky. Before you accept or decline a counteroffer, you should be aware of some common pitfalls and challenges that may arise. For example, you may face a loss of trust or respect from your current or prospective employer, who may question your loyalty or motivation. You may also face a lack of career advancement or satisfaction, as the underlying issues that made you look for a change may not be resolved. You may also miss out on a better opportunity or market value, as the counteroffer may not reflect your true worth or potential.
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Candidates who are tempted to accept a counteroffer should keep in mind the original reason they decided to look for another job. Those problems don't go away. Companies are under a lot of pressure to retain talent. Accepting their counteroffer just kicks the can down the road. Giving notice is like breaking up, it's hard to do. Keep in mind, there's a wonderful adventure waiting for you at a new company!
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5 Negotiating effectively with counteroffers
Counteroffers are part of the salary negotiation process, and you should be prepared to handle them professionally and confidently. To negotiate effectively with counteroffers, it's important to do your research and know your worth. Compare your salary and benefits with the market rate and industry standards, and have a realistic and reasonable range of expectations and alternatives. When discussing your reasons for wanting a change or raise, focus on the value you bring and the results you deliver. Listen to both sides, acknowledging their concerns and interests, and address them respectfully and tactfully. When evaluating offers, consider not only the salary and benefits but also the culture, environment, opportunities, and challenges of each organization. Think about the short-term and long-term implications of your decision in relation to your personal and professional goals.
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- Allison Quintanilla Plattsmier, Ed.D, DBA, CFRE, CAP, ACNP AFP's Outstanding Young Fundraising Professional | National Latino Leader | NBJ Woman of Influence | 2024 Nashville Post In Charge: Convener | NBJ 40 Under 40 | Top 50 Under 50 Executive Leaders
Data is your best friend when negotiating counter offers. Be prepared to highlight external data, such as salary benchmarks for the position, and personal data that highlights the value you have brought to past companies that justifies the compensation you are requesting.
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6 Making the best decision for yourself
Ultimately, the decision to accept or decline a counteroffer is yours to make. You should weigh the pros and cons of each option, and trust your instincts and intuition. You should also consider the impact of your decision on your happiness, health, and well-being. Remember that there is no right or wrong answer, only what is best for you.
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7 Here’s what else to consider
This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?
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