Resignation & Counteroffers

RESIGNING

 

While resigning from your current position can be sometimes stressful, there are things you can do to facilitate the process.
  • When you meet with your boss have prepared resignation letter ready.
  • It will become a part of your permanent record, and it is for your own protection showing that you resigned properly with notice.
  • You can format it to focus on positive aspects of your career move, rather than any negative aspects of your position with the previous company.
  • Resigning can be stressful, and handing a letter can relieve some of that pressure instead of having to say I resign or I quit.
  • Do not bring up counteroffers, nor entertain one; although there are exceptions, people who have accepted counteroffers usually do not last a year. There are plenty of articles on the dangers of counteroffers.
  • Give fair notice, but ask to be relieved as soon as possible. Depending on the position, they may let you leave before your offered notice, but don’t let them talk you into extended notices. The company will get by without you. You owe your energies and loyalty to yourself and your new opportunity!
  • Review the resignation process with your Executive Search Consultant. Keep us updated. We can help keep this as smooth and painless as possible.

 

 

REASONS FOR NOT ACCEPTING A COUNTEROFFER

 

 

  1. What type of company is it to work for, where you have to threaten to resign before they pay you what you are worth?

 

  1. Where is the money for the counteroffer coming from? Is it your next raise early? All companies have strict wage and salary guidelines, which must be followed. Are they going to make your increase retroactive in order to compensate for under-paying you over the last several years?

 

  1. Your company may immediately start looking for a new person at a cheaper price. In many cases, you could be training your replacement.

 

  1. You now have made your employer aware that you are unhappy. From this day on your loyalty will always be in question.

 

  1. When promotion time comes around, your employer will remember who was loyal and who was not.

 

  1. When times get rough, your employer will begin the cutback with you.

 

  1. The same circumstances that now cause you to consider a change will repeat themselves in the future, even if you accept a counteroffer. Things regarding your position and company will rarely change.

 

  1. Statistics show that if you accept a counteroffer, the probability of voluntarily leaving in six months or being let go within one year is extremely high. 85% of people who accept are gone in six months, and 90% of people who accept are gone within a year.

 

  1. Accepting a counteroffer is an insult to your intelligence and a blow to your personal pride knowing that you were bought out.

 

  1. Once the word gets out, the relationship that you now enjoy with your co-workers will never be the same. You will lose the personal satisfaction of peer or group acceptance.

 

 

SAMPLE RESIGNATION LETTER

 

Date

 

Former Manager’s Name

Title

Company

 

It is with mixed emotion, yet with firm conviction that I write this letter of resignation from (company name).

My association during the past (#) years with this excellent firm and its many fine people have been a wonderful part of my professional and personal life.

Please understand that I have made my decision after considerable deliberation. An outstanding opportunity presented itself that will significantly enhance my career and assist me in achieving my goals.

I am therefore resigning from (company name) effective (date). This will allow sufficient time to complete current commitments prior to commencing with my new employer on (date). In the interim, I will work with you and the staff to provide a smooth transfer of my current duties.

I hope that you will understand and accept my decision. I will support you in making this change as easy as possible for the staff and department.

 

Sincerely,

(Your Name)