Hello everyone,
I got an offer from Ey and I submitted a two weeks notice to my current employer gdit. My current employer wanted me to stay with them so they matched the salary. Should take the chance with Ey or stay with Gdit.
Any suggestions would be appreciated.
Thank you General Dynamics Information Technology EY
Never accept a counter offer from your current employer. It almost never ends well. They will use you to train your replacement.
I believe the stats show that majority leave within a 6 month window after accepting a counter offer. I’ve been on both sides of issue, and from my experience, I’d say it boils down to how you got the other offer in the first place. We’re you looking for other jobs because you’re not satisfied with your current responsibilities (or growth opportunities), or we’re you trying to get an outside opinion of what you should be paid?
My boss actually encourages us to periodically test the market to ensure we are aware of our value. It’s a bit strange to me, since I’ve had experiences where HR flagged me a “flight risk” and essentially was penalized because another company had reached out and I decided to be honest.
If you submitted your notice, you need to leave. Echoing what others are saying: If they know you are motivated by money and matched your new offer’s salary, they could have been paying you that amount the whole time and chose not to. It’s not wrong to be motivated by money, but if you are worried about burning the bridge or interested in being a boomerang someday, put all your effort into highlighting your integrity now.
“I already accepted their offer and it’s important to me that I be a person of integrity who follows through on their commitments. I’m sorry I won’t be able to accept your counteroffer as a result, as generous as it is! You have my word that my final two weeks will be industrious and valuable as I wrap up and transition my responsibilities here. I hope we can stay in touch!”
I somewhat disagree here. Very few companies pay you what you can get at another company, it's a known standard in the industry that the best way to raise comp is by switching companies.
Likewise, it's standard that if they like you, they will salary match.
The *only* company I know that has a reputation for pre-emptively making sure you are paid what you are worth in similar roles is Netflix.
Be careful on salary matching. Why didn't they give you the salary you deserve sooner? Consider if your manager truly is defending your career growth and development.
Also the grass isnt always greener on the other side: so consider only changing up to two of these when taking a new role (1) manager (even in a new company you might know they manager from prior relationship) (2) domain / industry (3) your role of function.
Having worked at and left GDIT twice, I agree with this point about not offering the salary to you sooner. This happened to me BOTH times I left which made me feel like they would continue to be happy with me working for less salary. They do not offer competitive salaries or good benefits packages to compete with other companies. They are supposedly trying to make up for this but I have little faith it will amount to anything real.
My best advice would be don’t confuse the company with your manager. I’ve accepted a counteroffer to stay. Later, I left and returned to the company under a new manager. At the end of the day I’ve found that the company wasn’t the issue. Working for the right manager and doing the right kind of work was my issue. Do you need a new job? Do you need a new company? Do you need a new manager? Figure out what’s right for you. Because the grass isn’t always greener. Sometimes it just looks that way until you’re in it.
“The grass isn’t always greener…” saying really irks me… I think any adult should realize that any choice bears some risk. If the person went through the interview and received a job offer - they realize there are risks. It’s a valuable learning experience, even if the “grass isn’t greener.”
Do you like your current company? Weigh the pros and cons. Sometimes matching a salary is a temporary band-aid.
EY WLB may not be great.. if money is same, and u r happy with your current employer, then stay with your employer..
Compare other things as people are mentioning here. WLB, bonuses, benefits, travel requirements, type of work, career progression, services vs ownership, people vibe, exit opportunities, mentorship, etc.
What was the main reason you decided to apply outside the company? If it was just the salary then I would stay at your company but if there were any major deal breakers then I'd suggest making sure you speak to couple of people within the EY team to find out what it's like
what it's like in the long term and then you can assess the development opportunities you'll get if you decide to go with their offer
Generally, it is better to never accept a counteroffer. They make it because the cost of losing you is higher than giving you the raise. That means you could have been making the higher amount if they had been proactive in the first place or at least somewhere more than what they have been paying you this whole time. EY is effectively saying "From day 1, we believe that you are worth this much which is why we are more than happy to offer it to you." That is respect and recognition. Either that or they have a better paying customer. ;-)
If you leave on good terms, you may potentially go back later and negotiate an even higher salary.
My brother has successfully played this game THREE times between two companies in programming. A to B, B to A, A back to B. Remains to be seen if he can do it more (or even wants to) but a lot to be said about both leaving on good terms but also LEAVING.
Agree with the sentiment that accepting a counteroffer rarely ends well.
Another thing if you ARE thinking about staying put is where your new salary puts you in the salary band you’re presently in. Will this cap your salary this year, next year, etc. A promotion AND the salary match could be an ask if you plan to stay.
Never take a counter offer. If you were worth it, they should have paid you before you put in your notice. They have been shorting you, don't look past that.
You started looking for an opportunity at another company because you were unhappy with your current employer. What makes you think that a counter offer will resolve the issue that had you looking in the first place?
Accepting a counter, offer more often than not hurts you in the long run. Take the new job, and don't look back.
What are the facts: EY gave you an offer immediately, and your previous employer did not have this level of salary -- due to some reason.
They just probably will have difficulties if you leave immediately, so they are persuading you to stay while they are looking for your replacement.
Also, EY!!! A Big Four! Fantastic line on your resume as well as (people say) a great employer.
Definitely go ahead, destiny calls.
Go to EY - they will give you the rise but look for a replacement in the meantime, you’re flight risk in their view now
It depends on your situation. Why did you apply for a job outside your current company? Did it only take another job offer to receive the compensation that you want? Do you have any other issues with your current company that cannot be resolved? Which company has better growth opportunities? Sounds elementary, but maybe create a pros/cons list.
Remember that the train has left the station.
If the station master makes an exception for you, the station master will remember for life, it will never ever be the same again with the station master.
Choose wisely, you are the best judge of your situation :)
Why did you apply to the Ey job to begin with? Was it just to get more money, or was there anything else that dissatisfied you about your current job? I personally would not think highly of a company that didn't want to pay a higher salary until I threatened to leave. And that doesn't typically make for good relations if you stay.
Personally - I think adding "EY" to the resume is added value for the next move. I was able to land a job at EY straight out of school and it unlocked a ton of doors for me, especially across management consulting / in-industry companies.
IIRC you need to stick around a minimum of 5 years to qualify for pension, so perks at EY are salary (maybe) and recognition (definitely).
There was a reason you pursued another job in the first place. If you are interested in salary growth, you could be taking a raise now with your current employer and therefore capping your future raises with them. With the new company you are starting fresh at a new and higher salary and will be in the same raise pool / raise cycle as everyone else if that makes sense.