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Rising Star
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Is the M&A insanity ever going to end?🐼
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Which big 4 has pension?
Conversation Starter
Rising Star
Coach
Is the M&A insanity ever going to end?🐼
Pro
Which big 4 has pension?
EY4.....the problem may be that you dont work with me 😉
Dont take it. If things are bad enough to make you leave, no counter offer is going to fix the underlying cause.
I know a high performing senior that accepted an offer in industry. The firm persuaded him to stay. He got early promoted to manager after that following busy season and is still with the firm. So there’s one success story for ya 👍🏻
Happens on a regular basis for high performers.
I think it depends on the reason someone wants to leave. In many cases, the frustration can be easily cured. In fact, it's too bad that people dont share their frustrations before giving notice. I wish all environments had a more comfortable culture of open and transparent communication. Would make things better for everyone. With regard to staying, just depends on why someone gives notice in the first place.
For example, if someone has mostly tech clients and they want to switch to real estate clients, some people will quit (without requesting a switch). Only after giving notice does this surface and the incumbent firms offers to take care of it. In this example, I say stay. If on the other hand the reason for leaving is about much more such a misaligned values or culture, then dont accept the counter to stay.
Every situation is different. Reflect on the reasons and the answer should be clear.
Its a mf trap dont do it!
@Partner 1 even sharing frustrations early doesn’t amount to anything. I shared with the Partner group in my service line that I was frustrated with working seven days for most of the last year. The feedback was a “soft we need you to finish this project” but no solution provided to help improve the work / life balance.
My advice is if you’re at the point of leaving chances are that a counter-offer isn’t going to improve things.
Yes, we had a high performing manager who was ready to leave due to lifestyle. (Needed to have more regular hours, be at home more). They negotiated to let her work remotely basically 90% of the time and she stayed another year and a half
If you are good enough they will try to persuade you via money and/or promotion. Be ready for a difficult negotiation as partners know how to apply the pressure. Also, be ready for them to say no and you then must be prepared to walk. Also do not try to negotiate without a written offer in hand since they may take you for bluffing.
Completely agree with partner 1. First time we're often understanding the nature of a person's grievances is when they put in their notice. In most cases the counter, while obviously having to figure out how to match the other company's financial offer, is more about trying to figure out how to address those other issues that came to light. In that case, a counter offer is legitimate and worth considering. I had an associate put in her notice several years ago. She had concerns few people were aware of and it only came out though her resignation. Well, she's still with us and is a senior manager soon to be partner. Our counter offer worked for both parties.
It depends on where the group is at, but why would you want it? Half the time you will get a promise of something happening “in the future” “at the end of the year” that doesn’t happen.
Might make sense to stay if the reason you are leaving is because of money.
I put in my two weeks last year and the partners offered me an immediate switch to the group I wanted. I took it and a year later it’s worked out as well I could have hoped.
All depends on exit opp. If you’re heading back to school of leaving public, they won’t bother. They can’t compete.
If money is the deciding factor and not the job then the decision isn’t based on the right framework