In an industry where competition for talent is strong , life sciences professionals can often be subject to a counter offer from their current employer when looking for a new role. There are three key factors that professionals should consider before accepting a counter offer:
1. Is it in your best interest?
While a counter offer may be flattering, it’s important to remember why you decided to resign in the first place. Additionally, consider why it took your resignation for your employer to recognise your value and improve their offer. Try to see things from your employer’s perspective to understand their motives: is the counter offer a defensive strategy to save the time and cost of finding a replacement, or are they genuinely acting in your best interests?
2. How much value are you missing out on?
As an employee, it's crucial to understand your value within the company and ensure this is reflected fairly in your contract. Evaluate whether the counter offer genuinely enhances your CV and supports your career growth. If your company is truly committed to your professional development, you should have been aware of it before deciding to resign.
3. Why were you thinking about a change?
Reflect on why you initially sought a new opportunity. By accepting a counter offer, will the underlying reasons for wanting a change resurface later? Issues like burnout, lack of motivation, or poor management are often primary reasons for job searching. Consider whether a pay increase will address these concerns—often, it won’t be sufficient to resolve them.
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