With spring just around the corner and everyone thinking of having a sort out of their homes, now is the second time in the year there is a surge of interest in getting a new job - and people, like yourselves, looking to overhaul their career.
However there is one pitfall that many a job-seeker falls into, which has been nicknamed ‘golden handcuffs’ - and for good reason.
Imagine the scenario. You have applied for a number of jobs to get out of your current situation. Perhaps your boss doesn’t appreciate you, you don’t see a progression in your career, or you don’t get along with your co-workers and that long 9 - 5, Monday to Friday stint chained to your desk is making you feel miserable.
So you brush up your CV and send it out with fingers crossed, hoping that another company will realise your true potential and want to snap you up there and then.
Obviously you are the right man, or woman, for the job because after a sparkling interview, you are offered the position of your dreams, with a pay rise in a beautiful new office slightly closer to home, and most of all, you can see yourself flying up the career ladder.
After receiving your offer letter from your new employer, you carefully pen your resignation letter thanking your soon-to-be-old boss (while thinking “good riddance”) for the past X number of years of employment, and wish them the best for the future.
You then have to wait with sweaty palms for the best moment to persuade them into the meeting room to do the deed and hand in your notice. Phew. Just four more weeks until you can escape.
And then the unthinkable happens. Your awful boss, who you were just hoping to say ‘ta rah’ to as soon as possible, has matched the offer/offered you more cash than your new place. Wow. You never knew you were that important to them or worth that much. Now you are in a position. What to do? How flattering, but also, how awkward.
Debra Bullmore-Dunn, director at AF Selection said this is quite a common-place scenario to be in, but has offered some invaluable advice to those stuck in this position.
“Quite simply I would say you need to think long and hard about this. Not only were you looking to leave, and for good reason, but they are using the situation almost to their own advantage. Offering you the world on a plate is one thing, but do you think from your past experience they will be true to their word and conditions will improve so significantly that you will be happier here?,” she said.
“Once you have made your mind up to leave then I truly believe you should continue down that path if you have a good, solid offer on your plate. Make a list of reasons to stay and reasons to go and be honest with yourself. More money doesn’t always equal more happiness if the conditions and the way you feel you are poorly treated doesn’t change. Plus the worst of it may be that if you decline the ‘new’ job you had also accepted, you risk having a bit of a black mark to your name, especially when it is a small industry you work within. But worst of all, you may have priced yourself out of the market so if you do realise after another few months that you shouldn’t have stayed, you may be earning more than other companies are willing to pay for your skills, and so you are effectively chained to your desk with the golden handcuffs. You need to know that the counter-offer is solid gold, rather than being ‘tricked’ into accepting the gold-dipped offer of rusty handcuffs that is your old job,” she added.
Top tips for not getting stuck:
* Assess what is really right for you. If it is just the pay rise you are after when you were looking at new jobs, then this may have been a blessing in disguise.
* Before handing in your notice, anticipate this may happen. But have a response in mind just in case, even if it is ‘please give me 24 hours to think about your offer’.
* Be honest with your potential new employer about what has just happened, however don’t use it as a ‘bribe’ to get more money out of them and play one off against the other.
* If you were miserable, then run for the new job and don’t look back. If there is a career ladder and/or training at the new business, use this as a step to better yourself and earn the extra money you have just been offered by the old boss and know you are making the right move for all the right reasons.
*Pick the job that is going to make you happy, not handcuffed!