I told my boss that I’m going to resign, and he offered me twice my current salary if I stay, what should I do?
John was so excited when he landed his first job two years ago. He had been unemployed for almost three years and this new opportunity was something he looked forward to.
He wrote the above email, wanting guidance on his career.
Eight months after landing the job, John got another job offer he thought would be good for him. It offered a higher salary, and benefits he was not getting at his current job. “This was a dream come true for me,” he mentioned.
He recently walked into his boss’ office to hand in his notice. After explaining his reasons for leaving the company, his boss offered him a higher salary, compared to what he would be receiving if he moved to his new job.
“I left the office confused, and even now, I am not sure what to do,” he went on.
You may have found yourself in a similar situation, and although you may find it flattering to hear your boss beg you to stick around after you give your notice, this is a situation that is not to be treated lightly.
Truth is, your employer may try to convince you to stay with offers of a higher salary, a promotion, extra off days, and a flexible schedule—and so on. However, agreeing to stay on board after you’ve given notice of leave is not advisable.
This is because, you’ll be considered a risk, and your loyalty and dedication may be questioned, jeopardizing any future promotions that may come your way and potentially increasing your chance of getting fired if a new and eager candidate comes along. Also, agreeing to stay and then leaving shortly after will very likely burn your bridges with the company.
What should you, therefore, do when you decide to quit and your boss comes with a counteroffer?
Hear Your Boss Out
As difficult as it can be, give your employer a chance to explain why they want you to stay. Not only will this set the tone for a respectful and reasonable discussion, but you may also hear about why you are considered so valuable, which can be useful material to include in a future job interview. However, if the boss carries on endlessly, don’t be afraid to emphasize that your decision is final.
The other thing that a conversation with your boss will do, if your reason for leaving is the job and not a better offer, is to give you the information you can use to decide if you want to stay and try to make the job work.
Remind Yourself Why You Want to Leave
Why do you want to leave? The only way you can make a good decision is to find out why you still want to leave the job – other than the salary and benefits.
Is it the mean boss? Is it the sneering and overly competitive colleagues? A new and added responsibility that you cannot handle or are not equipped to do well? Has the workload suddenly increased or decreased? Has your job profile been changed?
Make a pros and cons list of your current job as a step to sort out this problem.
Once you understand exactly what you don’t like about your current situation, you will be better placed to decide your next move. It may not feel like it, but this job is helping you shape your future career. It’s giving you the vital information you need for your next career because now you know exactly what you don’t want from your other job.
Offer to Ease the Transition
Let your boss know that you’re willing to help fill the void as best you as you can whether that’s training a new person or being available for questions after your departure. However, only commit to what you can realistically follow through with.
It’s important to maintain a positive relationship with your company while also staying true to what’s best for you. If you quit and your boss wants you to stay, think carefully before responding, and if you can, avoid the trap of a counteroffer.