Predicament
Hello, I'm wondering if anyone can give me some advice. Recently I was offered a new job with a smaller company and accepted. It was for a higher position and an $8k raise on my current salary. I submitted my letter of resignation at my current company and they counter offered with a $14k raise (on my current salary) and a promotion (one similar to the new one I accepted). What is the right way to approach this? I'm two weeks out from starting with the new company however, I feel that having already accepted I can't back out. But at the same time it is very hard for me to justify giving up a $14K raise. Any suggestions would be most helpful.
Justify it like this. Ask yourself why you're worth $14K more today than you were 2 weeks ago with this same company? Ask yourself why you had to hold them hostage to get them to see your worth? Ask yourself how long you're going to still be employed by this company now that they know you're "disloyal" and willing to go elsewhere? It is very dangerous to accept a counter offer. Odds are very high that they're just keeping you in place until they can find your replacement on their time table. It is easy to offer you so much more money (that's a lot no matter what you're making) because they know they're never going to pay it out. Tess I tend to agree with Tess, but I would also add that I think there's something to be said for honoring the commitment you made when you accepted the new job. Either way you win, if you do the honorable thing and take the new job, you're $8K ahead. If you withdraw your acceptance and stay, you'll be ahead a net of $6K and also in the situation that Tess described. Given the choice, I'd take the new job and move on. Paul W. Barada The Negotiation Expert | |
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