5 Questions to Ask Yourself Following a Counter Offer

James Polley 02.02.2016

Picture the scenario. Your current contract assignment is coming to an end and you have been approached for a new contract role.

This opportunity is a new challenge allowing you to learn skills in an area you have no experience in. You ace the interview stages and then get an offer for the role. However at the same time your existing company provides you with a counter offer. You are now in a confusing dilemma; should you stay or should you go?

Here are 4 top tips to help you make that difficult decision when presented with a counter offer: 

1) Why are you looking for a new role in the first place?

The fact you are looking for a new role may not be due to your contract ending. Various reasons could be influencing your decision so before accepting a counter offer, understand the root cause that is making you look elsewhere. 

2) What does this role have that your current role does not?

When the two offers are matched one next to the other, how do they compare? Weigh up the pros and cons of each position and then decide which one is best for you. Whether it be for career development or to improve your current work-life balance, it is important that the new opportunity can better you.

3) What can I learn in the new role to better myself?

The saying “the grass is not always greener on the other side”, is often true. However, with new opportunities often comes the chance to learn and develop new skills. Opportunities to work with newer technologies can often add value for future roles and can provide a better perspective on work. Working in new environments is one of the great benefits about contracting. It allows you to appreciate working with different groups of people and their different styles of working. 

4) What opportunities can follow from each role?

Stability is an important factor for contractors. Look at the scope of the project you are being offered- is it likely it will continue over a longer period or will it be over in a couple of months? For instance, a Greenfield development project would last longer than a development support project. Another factor to consider from this is there are organisations which like candidates to have had previous experience in a similar environment, like Lloyd's for example. 

Be clear with what it is that you want and make sure that before any decision is made you look at the bigger picture and do what you think will be able to add value to you as a contractor.

See also:  5 Reasons Why You Shouldn't Accept a Counter Offer

For information regarding new opportunities or sound advice regarding issues such as the counter offer, contact me via my details below. Please also view our jobs site here.

James Polley's picture
Senior Consultant | Accounting and Finance Recruitment
jpolley@morganmckinley.com

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