Recently in the Medical Device sector, I have successfully found candidates new positions which they were happy to accept and their current companies have panicked and tried to counteroffer them at the last minute. Fortunately, the candidates were moving companies for the right reasons not just a hike in salary and here are some valid reasons why before accepting a counter offer you should decline:
1) You had to quit to get a raise - Why is it that become more valuable after you give notice? It should make you wonder why you weren’t important enough to merit a raise in salary before.
2) Your situation is unlikely to change – If you are unhappy in your current position it is very unlikely that your frustrations will disappear because of a raise in salary.
3) Lack of respect – Your colleagues and management may resent that you forced the company into this which may portray in a negative light in the company.
4) Lack of job security in the future - Your manager wants you to stay for his benefit, not yours. If he has the opportunity to get rid of you on his terms– now that you’ve revealed a willingness to leave.
5) The chances are you’re going to leave anyway. Research has shown that 80% employees who accept counteroffers end up leaving the company within nine months.
6) You’ve already accepted an offer. You have committed to a company that has been prepared to offer you an opportunity to progress your career without you even completing a day’s work. This already shows that they feel you would be a valuable asset to the company and that belief and commitment from your new employer should not be disregarded.
7) Boot on the other foot – Imagine how you would feel if one of your employees told you they wanted to leave and would prefer to work elsewhere. You would feel that you would rather spend your time recruiting somebody who does want to work there, than try and get an unhappy employee to stay by throwing money at them.
Finally, your new employer is very unlikely to consider you again for any job offers and burning bridges; especially at the start of your career is something that is strongly recommended to avoid doing.