Being offered more money to stay
Discussion
How many have been offered a wage rise when they have said they will be leaving their job? It seems quite common on here.
Unfortunatley all of the jobs I have had came with pretty rigid payscales so no real room for movement.
That said, I don't know anyone who has told me they were going to leave their job but stayed after being offered mroe money.
Unfortunatley all of the jobs I have had came with pretty rigid payscales so no real room for movement.
That said, I don't know anyone who has told me they were going to leave their job but stayed after being offered mroe money.
jimbo65 said:
underlying reasons which will not go away, however many promises are made.
^^^^^^^^^^^^This
Whatever is causing you to look elsewhere for work is unlikely to be resolved as part of a "package" to encourage you to stay. Many moons ago I resigned from a firm and was offered more than was on the table from my prospective new employer to stay. I agreed to stay and at the next annual review round I was told I was at the top of my pay scale (which was cobblers) and bonus' that year would be lower than last despite record profits. All in all a mistake I have never made again.
FunBusMk2 said:
I was once offered £8k pa extra to stay in a job. Hated it so much I still left - best thing that I did in the long term though.
I know a place where people used to threaten to leave every 6 months or so and the boss would offer them an extra 10% or so pa to stay. Went on for a number of years before they had made enough to set up in competition to him...I'm not a fan of staying for the lure of more money - if you were looking to leave then it is likely it was about more than the folding on the one side and on the other if they can find the money to keep you I'd be pee'd off that they didn't pony it up before I had to look elsewhere.
I know of one chap who was offered 4x their annual salary to do an extra 6 months after they planned to retire though which they thought was nice, especially when they were earning 6 figures in the first place...
Whilst more money would help, the more important thing would be a promotion to a more senior role. Where I am at the moment, I was promoted in June to a slightly more senior role (marginally better money) which essentially fast-tracks me to the next grade (quite a big salary hike)- this should happen within 2 years. However if I was to look around, it would be for roles at the next grade, and so if my employers were to promote me quicker then I would stay.
As it happens, I'm happy where I am. So the above is theoretical.
As it happens, I'm happy where I am. So the above is theoretical.
I tried to leave a job about 2 years ago. I was pursuaded to stay with a 20% rise and more senior position.
9 months later I looked again and actually went through with it, there were so many other factors that actually came into play, the money was nothing to do with it really.
I was offered another 15% again to stay and a further promotion, but my mind was made up... money was nothing to do with it.
What it did do however was give me a fantastic leverage in my new position.. so I ended up at a company i wanted to work for, along with all of the money I was raise / offered at the last place.
9 months later I looked again and actually went through with it, there were so many other factors that actually came into play, the money was nothing to do with it really.
I was offered another 15% again to stay and a further promotion, but my mind was made up... money was nothing to do with it.
What it did do however was give me a fantastic leverage in my new position.. so I ended up at a company i wanted to work for, along with all of the money I was raise / offered at the last place.
A rule of thumb: never accept a counter-offer from your employer. Ever.
It rarely works out, most people who accept such offers and stay on with their existing employers end up leaving soon anyway. Plus, you will always be seen as "that guy" who once upon a time tried to leave. Your future chances of promotion/reward are next to zero.
Leaving a job isn't a spear-of-the-moment thing, it's something that should be carefully considered. One should make up their mind, and then commit to their decision regardless.
It rarely works out, most people who accept such offers and stay on with their existing employers end up leaving soon anyway. Plus, you will always be seen as "that guy" who once upon a time tried to leave. Your future chances of promotion/reward are next to zero.
Leaving a job isn't a spear-of-the-moment thing, it's something that should be carefully considered. One should make up their mind, and then commit to their decision regardless.
When I left my last job it went something like this:
More than 12 months previously, at my annual comp review I made it clear that I thought I was underpaid, and that I wanted to be brought into line with a competitive salary (I joined there as a grad, and progressed quickly, but the money didn't keep up).
I was probably one of the cheapest at my level in the whole industry despite getting great performance reviews every year.
Next annual comp review, it was not corrected. Bad times in the industry, I knew that. My boss attempted to argue that I was in fact, quite well paid, and that I had nothing to worry about.
So I went to see an agency, they got me interviewed for 3 roles in other companies. I was offered by all three, and a much higher salary than the one I was on.
I took the highest after a bit of bartering to push them all up.
When I resigned, my boss immediately said "Whatever they've offered you... we'll match it."
All I said was "No thanks, I've decided to leave." What I said in my head was "f
k off you patronising tt, if you'd said a few months ago that you knew I was underpaid but that there are HR rules about the size of pay rises, there was a freeze etc etc you might have a shred of credibility, but you didn't. You lied straight to my face. And if I accepted this I know full well that next year my bonus will be a big fat 0, and my pay rise will also be a big fat 0, and that will continue ad infinitum. So fk off I'm gone."
See?
Rise in basic salary at the new place was 35%.
More than 12 months previously, at my annual comp review I made it clear that I thought I was underpaid, and that I wanted to be brought into line with a competitive salary (I joined there as a grad, and progressed quickly, but the money didn't keep up).
I was probably one of the cheapest at my level in the whole industry despite getting great performance reviews every year.
Next annual comp review, it was not corrected. Bad times in the industry, I knew that. My boss attempted to argue that I was in fact, quite well paid, and that I had nothing to worry about.
So I went to see an agency, they got me interviewed for 3 roles in other companies. I was offered by all three, and a much higher salary than the one I was on.
I took the highest after a bit of bartering to push them all up.
When I resigned, my boss immediately said "Whatever they've offered you... we'll match it."
All I said was "No thanks, I've decided to leave." What I said in my head was "f
k off you patronising tt, if you'd said a few months ago that you knew I was underpaid but that there are HR rules about the size of pay rises, there was a freeze etc etc you might have a shred of credibility, but you didn't. You lied straight to my face. And if I accepted this I know full well that next year my bonus will be a big fat 0, and my pay rise will also be a big fat 0, and that will continue ad infinitum. So fk off I'm gone."See?
Rise in basic salary at the new place was 35%.
Gassing Station | Jobs & Employment Matters | Top of Page | What's New | My Stuff