Chief
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Hi fishes,
Can you help me with in hand salary?
Hi fishes,
I am planning a switch so was going through some salary data for a software engineer. My ex-senior manager recommended me a website: Growceed.com which helped me a lot in getting clarification about a lot of things but I am in doubt whether the average salaries of software engineer mentioned on Growceed.com really that much in top MNC companies.
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Rising Star
Rough out here.
Rising Star
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Hi all,
Do firms match offers from other Big 4s for campus hires? I’ve received a campus offer from both KPMG and EY. I’m more interested in the EY offer, but they are paying 3k less than KPMG.
Would it be a bad move to let them know about the other offer and try negotiating? I feel it wont make a difference in the long run, but at the same time I don’t want to leave any money on the table if possible.
Thanks!
KPMG EY PwC Deloitte
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I haven't been in this situation but the general advice is if you take a counter, there will always be a target on your back because you've demonstrated you're willing to walk. Most people who accept counters end up leaving later anyway.
Besides, you're saying the new job is a better career path.
One last thought, if you are worth 18% more at your current job then why did they not offer it before?
Chief
I think it’s pretty obvious that I shouldn’t take it then… thanks for the advice
If you had already decided to look for other opportunities there were likely reasons other than money. Dont take the counter. Just go.
Chief
That’s a very good point, thanks for the advice
Rising Star
Generally, it is advised not to accept a counteroffer from your current employer. While tempting, statistics suggest that up to 90% of employees who accept counteroffers leave within a year anyway. The underlying issues—such as poor culture, lack of growth, or management issues—rarely change, and your loyalty may be questioned.
Reasons to Decline the Counteroffer:
Fundamental Issues Remain: Money rarely fixes burnout, bad management, or lack of growth opportunities.
Trust is Broken: You may be viewed as a flight risk and passed over for future promotions.
You Might Still Leave: The issues that caused you to look for a new job usually resurface within a few months.
When a Counteroffer Might Make Sense:
Money was the only issue: If you loved everything else and just needed a salary adjustment, and trust is high.
The offer is in writing: Any counteroffer should be formalized to ensure promises are kept.
Steps to Take:
Reflect: Revisit why you started job hunting.
Evaluate the New Offer: Consider the benefits of the new company over your current one.
Be Firm: If you decide to leave, decline the counteroffer politely but firmly.
Chief
This seems copy and pasted from chatgpt
Never take a counter offer. There a few key reasons:
1 - It proves they could've paid you more already and purposefully didn't so your value was underappreciated. At 18% that gap is very large.
2 - There will be internal tension and it will never be the same as before the resignation.
3 - They are likely putting a backup plan in place and if they find a replacement for less than your new comp you are likely to be replaced.
4 - If the above doesn't happen then you will likely be in the same situation down the road having to leverage an outside offer to get a bump again.
I would take the new job. They should of given you a raise or a bonus before you went out looking. New company has better hours and more opportunity....that is worth more than the money to be honest.
Chief
No harm in starting off fresh somewhere as well right?
Have your new company counter / sweeten their deal and go to the new company.
That's what I did several years ago... knowing that I could always go back.
My predecessor hasn't stopped trying to recruit me back.
Chief
That’s not a bad idea actually, how likely are they to improve their offer?
Do a pro con list. List every,no matter how small it may seem then you will have your answer. Going with yiur gut instinct is good, but as accountants we need to see facts.
Chief
Thank you, I’m definitely going to draw something up later this evening
My take would be if they are doing this but you had to make a decision to look elsewhere then they haven’t really changed anything. They just don’t want to lose you. I’d leave on good terms and try something new.
Chief
I think that’s the general consensus judging off the other commenters. It’s a lot to weigh up
I just did that and stayed. The devil you know - whatever wasn’t working, make changes so it can. I’m reducing my workload as a result
Chief
And they were okay with you reducing your workload?
The big question is why your started to look? Do you like your current employer and team? If it was just money they I would stay. In order for us to provide good advice we need to see pros and cons list for both roles.
You mentioned the new role has better road to controller position. Is this something you want? If yes, then hows your progression looking at current company?
Chief
I just wanted to have something fresh in my life, so I suppose the extra money from my current employer doesn’t actually change that
My company countered and I did not regret leaving nor did I feel like I had a target on my back. I was able to negotiate for the reasons I was leaving at that point in time. I did leave 10 years later and they countered again, and honestly it was an extremely tempting offer but my reasons for leaving were different. I didn’t burn any bridges but it was the right decision the second time around.
Chief
What were your reasons for leaving this time around? I think I’ve got a lot to ponder over during the next couple of days
I know that Alison at the AskAManager.org blog is pretty solidly "Rarely a good idea" about accepting counteroffers your current employer comes up with when you give notice. IIRC she gave a few reasons, though I don't recall what all of them were. (I'm sure it'd be a fairly easy search if you wanted to head over there and see though.)
Statics show that on average, an employee who stays because of a higher wage usually lasts 9 months before they leave. The reason is that everything is the same except your pay. Your boss is the same, your job is the same, the environment is the same, etc. So, if you'd like to leave because of the company, your boss, the toxic environment, no promotions, that'll stay the same.
My advice is to start fresh with something new.