Comments on: Should You Accept a Counteroffer? http://www.consumerismcommentary.com/2007/08/08/should-you-accept-a-counteroffer/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: dong http://www.consumerismcommentary.com/2007/08/08/should-you-accept-a-counteroffer/#comment-118061 dong Tue, 14 Aug 2007 19:05:28 +0000 http://www.consumerismcommentary.com/2007/08/08/should-you-accept-a-counteroffer/#comment-118061 I think when you're relativley young, jobs are all about where they will get you rather what they give you now. Having an offer and counteroffer is no different really than having two different offers. Which one would you take? I think when you’re relativley young, jobs are all about where they will get you rather what they give you now. Having an offer and counteroffer is no different really than having two different offers. Which one would you take?

]]> By: BoarderX http://www.consumerismcommentary.com/2007/08/08/should-you-accept-a-counteroffer/#comment-117961 BoarderX Sat, 11 Aug 2007 03:24:03 +0000 http://www.consumerismcommentary.com/2007/08/08/should-you-accept-a-counteroffer/#comment-117961 Take the new job. A fresh start can do wonders for you. A shorter commute? Better environment? You'll be better off mentally and physically with these two benefits alone! Bumping you up to the next job level would, I imagine, put you lower on that level's pay scale, so you may see better raises in the future. Bumping your salary while staying at the same job level may put you on the high side of that job level's pay scale, so future raises may not be that great. New experiences can only help your future employability. Take the new job. A fresh start can do wonders for you. A shorter commute? Better environment? You’ll be better off mentally and physically with these two benefits alone! Bumping you up to the next job level would, I imagine, put you lower on that level’s pay scale, so you may see better raises in the future. Bumping your salary while staying at the same job level may put you on the high side of that job level’s pay scale, so future raises may not be that great.

New experiences can only help your future employability.

]]> By: Free Money Finance http://www.consumerismcommentary.com/2007/08/08/should-you-accept-a-counteroffer/#comment-117940 Free Money Finance Fri, 10 Aug 2007 10:19:51 +0000 http://www.consumerismcommentary.com/2007/08/08/should-you-accept-a-counteroffer/#comment-117940 Star Money Articles for the Week of August 6... Here are some recent interesting posts from the MoneyBlogNetwork and beyond: Consumerism Commentary discusses accepting a counter-offer. AllFinancialMatters notes that the magic formula isn't so magical. MightyBargainHunter gives another good reason t... Star Money Articles for the Week of August 6…

Here are some recent interesting posts from the MoneyBlogNetwork and beyond: Consumerism Commentary discusses accepting a counter-offer. AllFinancialMatters notes that the magic formula isn’t so magical. MightyBargainHunter gives another good reason t…

]]> By: broknowrchlatr http://www.consumerismcommentary.com/2007/08/08/should-you-accept-a-counteroffer/#comment-117900 broknowrchlatr Thu, 09 Aug 2007 11:41:58 +0000 http://www.consumerismcommentary.com/2007/08/08/should-you-accept-a-counteroffer/#comment-117900 Now, lets pretend to ignore office politics and whether you wanted to change jobs for personal reasons. For purely financial reasons, a counteroffer matching another offer is likely a bad idea. Say you make $40k and you have been looking for a raise for a while. You get another job offer of $55k and your current boss offers to match it. Their value of you will invariably be less than $55k, but they want to keep you to avoid turnover. On the other hand, the people making you the new offer value you at $55k right off the bat, knowing that you will have to learn a bit to perform in the new position. Lets look a year down the road, where your 'real' value is, say $60k. Your new boss would probably be likely of giving you that raise as you are probably worth that much more in your new position. However, your old boss may think you aren't even worth the $55k yet. Take the new job Now, lets pretend to ignore office politics and whether you wanted to change jobs for personal reasons.

For purely financial reasons, a counteroffer matching another offer is likely a bad idea. Say you make $40k and you have been looking for a raise for a while. You get another job offer of $55k and your current boss offers to match it. Their value of you will invariably be less than $55k, but they want to keep you to avoid turnover. On the other hand, the people making you the new offer value you at $55k right off the bat, knowing that you will have to learn a bit to perform in the new position.

Lets look a year down the road, where your ‘real’ value is, say $60k. Your new boss would probably be likely of giving you that raise as you are probably worth that much more in your new position. However, your old boss may think you aren’t even worth the $55k yet.

Take the new job

]]> By: Patrick http://www.consumerismcommentary.com/2007/08/08/should-you-accept-a-counteroffer/#comment-117897 Patrick Thu, 09 Aug 2007 10:57:03 +0000 http://www.consumerismcommentary.com/2007/08/08/should-you-accept-a-counteroffer/#comment-117897 "The new position is at a significantly higher level with a title to match, a higher salary, a better commute, and what seems to be a friendlier environment." I think you answered your own question. If the salary is equal, then a higher level, title, better commute, and friendlier environment win out every time. (The only way I would take a job that loses in those categories is if they are fairly similar, just a little lower, and if I were earning quite a bit more salary). You will be staying in the same company, so your benefits and seniority level remain unchanged. I would recommend *gracefully* declining your boss's offer and tell her you are looking for a new personal and professional challenge. “The new position is at a significantly higher level with a title to match, a higher salary, a better commute, and what seems to be a friendlier environment.”

I think you answered your own question. If the salary is equal, then a higher level, title, better commute, and friendlier environment win out every time. (The only way I would take a job that loses in those categories is if they are fairly similar, just a little lower, and if I were earning quite a bit more salary).

You will be staying in the same company, so your benefits and seniority level remain unchanged. I would recommend *gracefully* declining your boss’s offer and tell her you are looking for a new personal and professional challenge.

]]> By: David Mackey http://www.consumerismcommentary.com/2007/08/08/should-you-accept-a-counteroffer/#comment-117889 David Mackey Thu, 09 Aug 2007 03:41:27 +0000 http://www.consumerismcommentary.com/2007/08/08/should-you-accept-a-counteroffer/#comment-117889 Good thoughts. Focus on total satisfaction as opposed to cash only is an important, common sense recommendation that we still manage to overlook. Good thoughts. Focus on total satisfaction as opposed to cash only is an important, common sense recommendation that we still manage to overlook.

]]> By: aaa http://www.consumerismcommentary.com/2007/08/08/should-you-accept-a-counteroffer/#comment-117875 aaa Wed, 08 Aug 2007 16:44:26 +0000 http://www.consumerismcommentary.com/2007/08/08/should-you-accept-a-counteroffer/#comment-117875 nah, fresh start is always good, especially your intention has been exposed nah, fresh start is always good, especially your intention has been exposed

]]> By: Tim http://www.consumerismcommentary.com/2007/08/08/should-you-accept-a-counteroffer/#comment-117874 Tim Wed, 08 Aug 2007 15:24:06 +0000 http://www.consumerismcommentary.com/2007/08/08/should-you-accept-a-counteroffer/#comment-117874 I don't see any reason not to take the counteroffer if you are happy in your current division. However, the real issue seems to be why you didn't ask for a promotion or higher salary from your current division in the first place. after all, you were "surprised" that your manager made a counteroffer. What was it that made you look into a different division in the first place? answer that, and then make the decision. If all things are equal, then I'd accept the counteroffer; however, you should look a the bigger picture of upward mobility if you are into that, or chances for raises in the future. I don’t see any reason not to take the counteroffer if you are happy in your current division. However, the real issue seems to be why you didn’t ask for a promotion or higher salary from your current division in the first place. after all, you were “surprised” that your manager made a counteroffer. What was it that made you look into a different division in the first place? answer that, and then make the decision. If all things are equal, then I’d accept the counteroffer; however, you should look a the bigger picture of upward mobility if you are into that, or chances for raises in the future.

]]> By: plonkee http://www.consumerismcommentary.com/2007/08/08/should-you-accept-a-counteroffer/#comment-117871 plonkee Wed, 08 Aug 2007 13:16:53 +0000 http://www.consumerismcommentary.com/2007/08/08/should-you-accept-a-counteroffer/#comment-117871 If you are considering moving jobs anyway then I agree that its probably not a good idea to take the counteroffer. Money is never the only thing that makes you move. If truly the only reason you want to move is for more money, and they don't offer you any more until you want to hand in your resignation, then do they really value you anyway? If you are considering moving jobs anyway then I agree that its probably not a good idea to take the counteroffer. Money is never the only thing that makes you move.

If truly the only reason you want to move is for more money, and they don’t offer you any more until you want to hand in your resignation, then do they really value you anyway?

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