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Anyone at EY willing to give a PAS referral?
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What? You need the money though...this is a clear answer IMO. You gotta head out and boomerang at a higher level for more money later on.
I will give a different argument to the “never take the counter-offer” faction. As a person who has hired many people, if my employee would come to me, explain that they really wanted to stay but really needed more money and gave valid reasons why, and said that they had an offer for 15% more but they would stay at my company because of the counter-offer, as long as I valued that employee I would not think of them negatively. I would feel like they were a loyal employee who was committed to the company. Just my 2-cents. You do what makes the most sense to you.
Never. Take. Counteroffers.
If you do, you will see yourself with very limited advancement opportunities. As much as companies say otherwise, you are now seen as a perpetual flight risk and that will always impact leadership decisions come time for any raises, bonuses, or promotions.
I echo the prior guidance. Take the offer and move forward with your career. In addition to the financial aspects, you’ll garner new skills and new ways to get work done resulting in a broader portfolio of skills and capabilities.
Congratulations and GOOD LUCK!
Why were you job hunting in the first place if you’re happy in your current role? My POV is that if you were searching and went through interviews, a part of you wants to leave. Don’t allow a counter to change your perspective.
Don’t prioritize your company just bc your team is great. I’ve had great teams in the past, but I needed to prioritize me and that meant going to the next job where I’d get paid a lot more.
You aren’t certain that your new company wouldn’t make you just as happy as where you are today. Take the jump. It’s little risk.
And don’t consider that you’re burning bridges. From the sound of it, you’re relatively junior in your career. Be loyal to yourself - not a company. Your current company will live and carry on without you. Saying no to their counter isn’t going to do harm. Leave everything else on good terms and who knows, maybe you’ll boomerang back and they will pay you more.
Coach
Take the money.
Never take the counter offer unless the counter is considerably higher AND the culture, team and career development is good.
But normally - don’t take the counter because You will be the first on the chopping block now that they know you’re leaving. Or they’ll take the next few months to find a replacement and lay you off.
For the record I do believe what you describe above is true in my gut. But I have looked at a lot of data on counter offers and there is none that proves that.
Never take a counter offer! Former recruiter.
Keep. Moving. Forward. Don’t look back
It’s said that around 70/80% of people who stay because of a counter offer end up leaving
It is said but I don’t think it’s been proven. As much as I wish it were — counter offers are killers to my business! It’s highly situational, and I agree (no data to back it but I feel like) you are likely to leave in a year anyway but that’s one year that got you to a new salary band which set you up for your next leap.
OP so what did you decide to do?
Thank you all for the input. I had made up my mind to leave but had more calls this morning about the future my current employer sees for me. I’m super conflicted again
Ok well don’t jerk anyone around for too long! THAT will burn a bridge. You are the driver of this decision not those who are making you offers and counters. Own it and move through it. Quickly.
1. How much is the difference in pay? And it depends on you, but I would answer “almost always”, unless there is a large pay differential.
2. Yes, probably you will have burned that bridge. But you won’t be the first to do it.
Tell your company what you’re being offered.... who counters at a lower number? I hate consulting
Coach
No don't take counters.
Curious to know why everyone against counter offers. I thought it was good - the company values you but I understand taking the jump for more money!
Because if you were worth that much to your employer they already would have been paying you that amount.
Counters are a last ditch effort for a company to keep talent because it can cost up to 130% of that persons salary to replace them.
This happened with one of my team before. As in he got a job and I gave a counter-offer for a little more money. He ended up staying for another year or so, and then left. I prob wouldn’t give one again.
Also very likely that I f you accept a counteroffer they (HR and leadership) will consider that in your next performance cycle and very likely not provide you with the same amount of increase you would have previously gotten.
Leave come to the dark side.
A counter means you were being underpaid. Take the new job. It is likely you can come back anyway in the future at a higher level and pay. Welcome to the strange math of consulting.