|
Other Consulting Articles
Buy Now, Retire Later-An Investment In Your Dreams
Owning A Second Home Is Easier Than You Think<br /><br />Buying a second home is a serious financial commitment, but it is can also lead to a feeling of complete freedom. It can provide you
Offshore Software Development India
Offshore software development, India! : Making the choice and making IT work! - Advantage This article is designed to assist companies who are looking for Offshore Software Development partners In India
Constructive Tips About Retrenchment
<br />This article provides constructive tips about facing retrenchment and moving on with new career opportunities.<br /> <br />1) Don’t take it personally. <br /> <br
The Top 10 Priorities That Guard Your Five-Star Reputation
<br />Making money doesn’t make your reputation... your reputation makes you money. Gala Gorman <br /> <br />Whether your business is product or service-oriented, the loyalty and
Option One Mortgage Loans – Getting an Option ARM or Option One Mortgage Loan
Have you heard about or been interested in finding out more about option one mortgage loans? They are becoming very popular, but its important to understand how they work before you apply for one. I will
|
|
Recent Consulting News
FCG Consulting Contract Not Renewed (AP via Yahoo! Finance)
First Consulting Group said Monday its contract with the University of Pennsylvania Health System was not renewed after it expired March 31, costing the company about 10 percent of its annual revenue.
First Consulting Loses Major Outsourcing Contract (ComputerWire)
Health care services vendor First Consulting Group announced yesterday that the University of Pennsylvania Health System won’t renew its outsourcing contract with the company, another blow to FCG’s ailing outsourcing and services segment, which accounts for most of its business.
First Consulting loses major outsourcing contract (Computer Business Review)
Healthcare services vendor First Consulting Group has announced that the University of Pennsylvania Health System wont renew its outsourcing contract with the company, another blow to FCGs ailing outsourcing and services segment, which accounts for most of its business.
|
|
PLEASE stop here and feel welcome at my consulting site. It has abundant information about financial accounting consulting, bank consulting and consulting firms. My aim is to make the most accurate information available to you as swiftly as I can.
Counteroffers: Should I Stay or Should I Go?
Counteroffers: Should I Stay of Should I Go?
Counteroffers: Should I Stay of Should I Go?
If “resignation” is the word that strikes fear into all employers, then “counteroffer” is the one that strikes fear into an employee’s heart. “What should I do? They’ve matched my offer?”
It’s Friday afternoon. You walk into your boss’ office and ask the question that has sent scared many a managers —“Do you have a minute,” you ask. At that moment, he knows you’re resigning and if he/she wants you, they will have to fight to keep you.
“Why? We love you. Please stay! Don’t go! What do we have to do to keep you?”
Recently, two people who accepted an offer from a client of mine called me to tell me that they accepted a counteroffer to remain with their current firm. The one who had been with his current firm for twelve years seemed to make a decision that made sense; the other, however, had pleaded to get a fulltime job and leave consulting. His assignment was ending and he said he wanted the stability of a fulltime job. Earning $45 per hour without benefits, he accepted a small increase in his hourly rate, rather than a fulltime salary of $93000 plus bonus and great benefits from an employer that he kept begging me to get him to see for a job that he said he loved. Why? He told me, “They need me. (as though my client didn’t.; as though the loss of revenue for his consulting firm and the difficulty they would have replacing him quickly at the client didn’t bother them a wee bit). ”
Between the moment you quit and your departure date, your employer may try to persuade you to stay. Your mentor in the firm calls to talk with you. Your colleagues ask you to lunch and want to know why you’re going, where and for how much. Your boss’ boss asks to meet you. You are now the most important person at your company. You’re asked, “What will it take to keep you?” And this goes on for two weeks.
The pressure to accept a counteroffer can be enormous. The monetary offer can be tempting to stay. The promises to rectify everything that ticks you can be enormous. Yet, let’s look at what is going on from an employer’s perspective.
Your resignation is coming at an untimely moment; they are not prepared to replace you with someone who can step up and do your job. The cost of replacing you in dollars and effort (how many resumes will need to be read and people interviewed before they hire someone who they will need to train—AND they may have to pay a higher salary than what you were earning plus a fee to the search firm for a person who doesn’t know what you know. Can you see it’s not about you, personally) is large.
At the time you decide to change jobs, write down the reasons why you want to leave—I’m bored. I want to make more money. My boss is a micromanager. I want to learn something new. I want to work closer to home—write down the reasons and put them in a place where you can find them at the time you give notice.
Then, before giving notice, find the list and review it. Do not be seduced by the emotional response you may receive. Remember, the money they offer may only be your next raise pushed up a few months. Listen carefully to the promises that are made and remember that nothing is being put into writing; it is just the desperate effort to keep someone who was taken for granted for so long who they are now forced to remember they have underpaid, treated poorly and need to accomplish their objectives.
Few counteroffers should be considered, let alone accepted. I fully expect to see the consultant’s resume online again in a few months because the core issues that caused him to look for a job were not resolved.
Jeff Altman
Concepts in Staffing
jeffaltman@cisny.com
© 2005 all rights reserved.
For other articles by Jeff Altman, go to www.newyorkmetrotechnologyjobs.com; for help with hiring staff, email Jeff and let him know how to best reach you.
About the Author
Jeff Altman has successfully assisted many corporations identify management leaders and staff since 1971. For additional job hunting or hiring tips, go to http://www.newyorkmetrotechnologyjobs.com
If you would like Jeff and his firm to assist you with hiring staff, or if you would like help with a strategic job change, send an email to him at jeffaltman@cisny.com (If you’re looking for a new position, include your resume).
Did you learn something new? Are you ready to try and master a new financial accounting consulting skill? If you have more questions, look around and ask. Probably one or more of our articles can help you.
Add a Comment
|