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Counteroffer
Acceptance
Road to Career Ruin
By Paul Hawkinson
Reprinted from the:
NATIONAL BUSINESS EMPLOYMENT WEEKLY
From the publishers of the Wall Street Journal:
Dow Jones & Company, Inc.
April 19 - April 25, 1998
Mathew Henry, the
17th century writer said, "Many a dangerous temptation comes to us
in fine gay colours that are but skin deep." The same can be said
for counteroffers, those magnetic enticements designed to lure you back
into the nest after you've decided it's time to fly away.
The litany of horror
stories I've come across in my years as an executive recruiter, consultant
and publisher, provides a litmus test that clearly indicates counteroffers
should never be accepted . . . EVER!
I define a counteroffer
simply as an inducement from your current employer to get you to stay
after you've announced your intention to take another job. We're not talking
about those instances when you receive an offer but don't tell your boss.
Nor are we discussing offers that you never intended to take, yet tell
your employer about anyway as "they-want-me-but-I'm-staying-with-you"
ploy.
These are merely
astute positioning tactics you may choose to use to reinforce your worth
by letting your boss know you have other options. Mention of a true offer,
however, carries an actual threat to quit.
Interviews with employers
who make counteroffers, and employees who accept them, have shown that
as tempting as they may be, acceptance may cause career suicide. During
the past 20 years, I've seen only isolated incidents in which an accepted
counteroffer has benefited the employee. Consider the problem in its proper
perspective.
What really goes
through a boss' mind when someone quits?
"This couldn't happen at a worse time."
"This is
one of my best people. If I let him quit now, it'll wreak havoc on
the morale of the department."
"I've already
got one opening in my department. I don't need another right now."
"I'm working
as hard as I can, and I don't need to do his work, too."
"If I lose
another good employee, the company might decide to 'lose' me, too."
"My review
is coming up and this will make me look bad."
"Maybe
I can keep him on until I find a suitable replacement." |
What will the boss say to keep you in the nest? Some of these comments
are common.
· "I'm
really shocked. I thought you were as happy with us as we are with you.
Let's discuss it before you make your final decision."
· "Aw gee, I've been meaning to tell you about the great plans
we have for you, but they have been confidential until now."
· "The V.P. has you in mind for some exciting and expanding
responsibilities."
· "Your raise was scheduled to go into effect next quarter
but we'll make it effective immediately."
· "You're going to work for who?"
Let's face it. When
someone quits, it's a direct reflection on the boss. Unless you're really
incompetent or a destructive thorn in his side, the boss might look bad
by "allowing" you to go. His gut reaction is to do what has
to be done to keep you from leaving until he's ready. That's human nature.
Unfortunately, it's
also human nature to want to stay unless your work life is abject misery.
Career changes, like all ventures into the unknown, are tough. That's
why bosses know they can usually keep you around by pressing the right
buttons.
Before you succumb
to a tempting counteroffer, consider these universal truths:
Any situation in which an employee is forced to get an outside offer
before the present employer will suggest a raise, promotion or better
working conditions, is suspect.
No matter what
the company says when making its counteroffer, you'll always be considered
a fidelity risk. Having once demonstrated your lack of loyalty (for
whatever reason), you'll lose your status as a "team player"
and your place in the inner circle.
Counteroffers
are usually nothing more than stall devices to give your employer
time to replace you.
Your reasons
for wanting to leave still exist. Conditions are just made a bit more
tolerable in the short term because of the raise, promotion or promises
made to keep you.
Counteroffers
are only made in response to a threat to quit. Will you have to solicit
an offer and threaten to quit every time you deserve better working
conditions?
Decent and well-managed
companies don't make counteroffers. . . EVER! Their policies are fair
and equitable. They won't be subjected to "counteroffer coercion"
or what they perceive as blackmail. |
If the urge to
accept a counteroffer hits you, continue to clean out your desk as you
count your blessings!
30
Tricky Interview Questions
During the interview,
you may be asked a variety of questions. There are no perfect answers,
yet some thought and discussion about potentially tricky subjects can
help you avoid disaster.
I. Tell me about
yourself.
This is
the classic opener and gives the interviewer time to size you up - if
you let him or her. Give a brief overview of your career (prepared and
rehearsed in advance), beginning with your education and taking him or
her through key job changes. Add one or two major achievements and then
turn the interview back to him or her with, "So I can better relate
my experience to you, could you please tell me a little about your (company,
department, etc.)?"
2. What is
your opinion of the last company you worked for?
Stay neutral
or positive, no negatives. Try to focus on situations in which you learned
and/or contributed something.
3. Have you changed jobs frequently? Are you a job hopper?
Work out
in advance a good rationale for your moves. People do change jobs and
if your reasons are sound, say so. Try not to be defensive.
Some acceptable
reasons: Reorganization (a new manager arrives and brings in her team),
the company was in difficulty and had a massive lay off, a major contract
or customer was lost resulting in loss of sales, the company was sold,
you were offered a relocation that would have meant no apparent opportunity,
or.
Reasons to avoid:
Did not get along with employer or other people, did not like the management
policies, passed over for an increase in salary, too much pressure, too
much work, too much overtime, too many arguments, problems of health,
personal problems interfering with work, or... Avoid long stories and
negatives.
4. What salary
are you looking for?
Stress opportunity
and potential. A return question: "It's hard to discuss salary without
knowing more about the job or responsibilities." Relate your experience
to the range without being necessarily precise: "I think my experience
would put me near the high end of your range, don't you?" Do not
volunteer information about your past salary.
5. What were you
earning in your last job?
If you are
in front of a recruiter, tell him or her your salary and total package.
If you are in an interview, try to put the salary question aside. A good
reply is, "I was reasonably compensated in my previous company but
really do not wish to prejudice myself here by being too high or low.
Can we delay this until after we have looked at all the aspects of your
current need?" or "The recruiter represented me to this opportunity
because I am in your range".
6. Have you ever
been fired?
If yes, have a good
explanation worked out and tested with friends. "We had a change
in general managers and although I had been doing a great job as you can
see from my achievements, I was replaced by one of his former associates.
or
"The company
decided to close down its Toronto operation and offered me a job in Cambridge.
We would like to stay in this area so that's why I'm looking around."
7. Can you work
under pressure?
Indicate
that you can, and give them a few examples of how you have handled pressure
in the past.
8. What did you
think of your supervisor?
Whatever
your true feelings, be positive. "She was the kind of person I could
learn from." or, "We were able to communicate well and things
got done quickly."
9. What is your
greatest strength?
Think of
your list of strengths and then tie each of them to an achievement. Then
ask, "Is that the kind of quality that would help your company?"
10. What is your
greatest weakness?
Think of
your biggest weakness/Area of improvement and relate the area back to
your strength. "I like to get things done quickly". "Sometimes
I get impatient, but I'm learning how to overcome this."
11. How much do
you know about our company?
You should
have done your homework! Have you uncovered information about their products,
sales, profits (or losses), news or personnel? Ask you recruiter for the
companies web address prior to the interview.
12. Are you willing
to relocate?
Do not pause
- have your answer ready. "Yes, for the right opportunity. What did
you have in mind?"
13. You have moved
around. How long would you stay with us?
Again, this
needs preparation. "I'm seeking a long-term opportunity where I can
learn and develop. Does this come with the position we are discussing?"
See question 3 for additional idea
14. What were your reasons for leaving each former job?
Think this
out clearly. Be positive about discussing former companies. See Question
3 for additional ideas.
15. Do you have a drinking problem?
Believe
it or not, some candidates have had this question. A possible answer might
be: "No, is that a problem you have encountered previously?"
If you have had a drinking problem in the past and are on the road to
recovery, there is no sense in bringing it up, especially as the question
referred to the present.
16. What kind of
manager are you?
Have a few
key examples tied to achievements that show your management capabilities.
Then say, "Is that the kind of performance you are looking for?"
17. What motivates
you?
Opportunity,
growth, a chance to learn, environment, fair play, good compensation package...
any others?
18. What do you
not like to do?
A loaded
question; A positive reply might be, "I'm the kind of person who
does whatever is necessary to get the job done. When I do run into something
disagreeable, I like to tackle it first and get it behind me. I have no
particular dislikes."
19. Would you compete
against me for my job?
Take this
one easy. "I would like to think that when you are promoted I could
be a candidate for your position."
20. Why have you
left your present job?
You know
you are going to get this one, so here's your cue. Be positive. See Question
3.
21. Did you increase
sales' profits in your last job?
Here is
your chance to elaborate on your best achievements. Try to include specific
numbers. "Is that the kind of employee you seek?"
22. How did your
boss, co-workers and subordinates get on with you?
Have some
examples of the kind of team member you are. This is a good time to bring
up that you are a non-political person.
23. Do you know how to motivate people?
This is
a leadership question. Know what it takes to be a quality leader. In preparation,
think of the best people you have worked for and list their attributes
in leadership. Recognition and helping the people who depend on you often
weigh as heavily in motivation as monetary reward.
One important
key to being a great manager is to be able to delegate while maintaining
control. If you can show some achievements demonstrating this ability,
you are top management material.
24. What are your
short, medium and long-term goals?
Tie your
answer to goals that could conceivably be realized in the interviewing
company. Limit your goals to just the short and medium range. Be realistic
A good reply is oriented toward growth in one's job through learning,
experience and achievements.
25. Do you prefer
working in small, medium or large companies?
Remember
where you are when you answer. Be prepared to follow up with a reason.
26. Have you helped
your company reduce costs?
Again, try
to link the question to your achievements. Then add a question, "Are
those kinds of savings of interest to you?"
27. What is the
toughest job of being a manager?
A good reply
is. "To surround myself with people who are better than I am in their
individual specialties."
28. Why do you
want to work for our company?
Your reply
could be based on their reputation for product, management, international
scope, technology, or as a nice place to work and grow. Know their products,
policies and potential for you. Do not respond, "The recruiter sent
me, I am not looking!"
29. Why should
we employ you?
If you know
the job requirements, and match up some achievements, say, "If there
are opportunities to do that and more here, then this is a great fit.
What do you think?"
30. What do you
look for in a new job?
Be careful!
Better know a little about the company and the job you are after. If not,
push in the direction of excellence based on former achievements.
TIP OF THE DAY:
In today's
technologically driven society ensure ALL cell phones pagers or other
electronic devices are deactivated/turned off during the interview process.
Preparing
for the Interview
1. ATTITUDE:
Remember to maintain eye contact, present a STRONG handshake, walk confidently
and dress professionally. Match your interviewer's physical and verbal pace
and speak in a clear professional manner, (i.e. drop the tone of your voice
at the end of each sentence). Be a strong listener; allow the other person
to finish, pause, and then reply.
2. PREPARE:
Research the company yourself in addition to what is provided to you from
your consultant. Obtain corporate, industry and job information where
possible.
3. KNOW YOUR BACKGROUND:
a) CAREER SYNOPSIS - Write down on paper a short career summary.
Include dates, job titles and a few key responsibilities. This should
not be longer than a minute or two.
b) ACHIEVEMENTS - Write a detailed page for each job you've held
identifying specific accomplishments that resulted in cost savings, improved
productivity, increased sales, etc. and provide examples.
**Use action/result words, such as; ACHIEVED, PROVIDED FOR, INCREASED,
EVALUATED, REDUCED, IMPLEMENTED, CREATED, etc.
**Use leadership words such as: MANAGED, LED, ASSESSED, BUILT,
GUIDED, DIRECTED, CO-ORDINATED, etc.
c) TECHNICAL QUALIFICATIONS - Using a "T" graph, write
down your skills that correspond specifically to the new job requirements.
Note: Employers
want to hear about your major initiatives, accomplishments, and solutions
you provided. There is no time for "thinking" during the interview,
only performing, being prepared means you will be ready to answer any
questions from all of your previous jobs.
4. BUSINESS QUESTIONS:
Always ask questions during the interview. Be prepared with 3 or 4 business
questions. Some examples of ideal questions are below:
"What are 2 to 3 unique characteristics of this company?"
"In what area does this company excel?"
"In what area does this company have limitations?"
"What are some characteristics of successful employees in this company?"
"From your experience of people in this role, what would you like
to see more of?"
"What are some major short and long range objectives of this company?"
"Where do you feel I would contribute most effectively in your company?"
5. THE INTERVIEW:
Not all employers are skilled at interviewing; you need to prepare for
each interview to ensure that your background and skills are adequately
presented to the interviewer.
NOTE: Employers don't want to know how the clock was made, just what time
it is. Be clear and concise; if you have properly rehearsed, this should
not be an issue. If asked "Tell me about yourself," say, "I'd
love to, where would you like me to start?" This will set the direction/priorities
of the interview, i.e. "Tell me about your family" vs. "How
did you implement the MRP system?" INTERVIEW WRAP UP - If you are
interested in the opportunity, make that known to the employer and inquire
as to the next step.
6. SALARY:
Salary should not be addressed in the interview. Do not volunteer this
information; if asked, avoid pinpointing an amount as it may overprice
you, under price you, or completely rule you out. Simply state "I
would be interested in entertaining your strongest offer." Emphasize
the issue of the opportunity as opposed to the dollars.
7. EMPLOYMENT OFFER:
Be decisive at the time of an offer! At this point you should be armed
with enough information to make your decision. Keep in mind that your
decision to accept or not accept their offer is the first decision you
will make on behalf of that company. Hesitation and procrastination are
enemies of a good situation!
8. RESIGNATION:
Envision your resignation at the beginning of the interviewing process.
See yourself in front of your boss and realize that this is a positive
step. Be professional, firm and do not lose your business logic.
9. COUNTER OFFER:
Counter offers are presented for various reasons, none of which are to
the benefit of your long-term career development.
a) REASONS
FOR COUNTER OFFER:
Cheaper to keep
you; Newspaper ads, agency fees, time, training, inconvenience
Manager's ego;
looks bad on his/her management capability
b) WHY ACCEPTING IS A MISTAKE:
You have shown
the company you can divorce yourself from them
Will dollars
change the situation?
Where was this
recognition prior to resigning? |
STATISTICS SHOW
THAT THE MAJORITY OF CANDIDATES WHO ACCEPT COUNTER OFFERS ARE LOOKING
FOR SOMETHING ELSE WITHIN SIX MONTHS!!
ENJOY,
This should be a fun and informative meeting!
****IMPORTANT****
Call your consultant immediately following your interview!!
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Copyright 2006 Lovell & Associates Inc
All Rights Reserved
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