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Never accept a counter-offer

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Re: Never accept a counter-offer

#71

Post by bluedino »

jonaf wrote: post #44
fecak wrote: post #18

Recruiter here, almost 20 years. Do a search for articles warning about counteroffers and you'll find almost all are written by agency recruiters. Why is that? It's because agency recruiters lose probably millions in fees every year when candidates accept a counter. I have personally lost 30K on a single fee due to counteroffer on more than one occasion. It hurts quite a bit - that's a car - which is why if you accep…

You can make $30,000 USD for placing a person??? I'm in the wrong line of work.

What do you think executive recruiting firms charge?

Re: Never accept a counter-offer

#72

Post by DominikR »

econner wrote: post #41
byoung2 wrote: post #36

Earlier quoted context omitted.

My recruiter practically broke down in tears when I accepted a counteroffer in 2013. Counteroffers can be great tools to increase your salary, whether you accept or reject them. In my case it was purely about money. I was making $117k and I wanted a raise, but the company only wanted to give options. If it were an early stage Google or Uber, I'd go for it, but not this company. I wanted cash. They played the old "not…

Why did you quit to freelance?

If you have the experience, contacts and social skills (very underestimated by many professionals in our field) you can make much more as a freelancer/contractor.

I'm now self employed for 4 years and I earn 6x as much as I earned in my last job. (though I believe I was underpaid in my last job)

Re: Never accept a counter-offer

#74

Post by fecak »

jonaf wrote: post #44
fecak wrote: post #18

Recruiter here, almost 20 years. Do a search for articles warning about counteroffers and you'll find almost all are written by agency recruiters. Why is that? It's because agency recruiters lose probably millions in fees every year when candidates accept a counter. I have personally lost 30K on a single fee due to counteroffer on more than one occasion. It hurts quite a bit - that's a car - which is why if you accep…

You can make $30,000 USD for placing a person??? I'm in the wrong line of work.

20-25% of salary isn't uncommon, and salaries of 120 K in technology is seniorish developer range where I work (Philly and NYC). My business model is different now, but when I did pure contingency work a 30K fee wasn't uncommon.

Re: Never accept a counter-offer

#75

Post by prklmn »

ryandrake wrote: post #55
kevan wrote: post #38

Earlier quoted context omitted.

I'd guess plenty of people are in a situation where they're not miserable at the current company but they would like to get paid more.

If you are only able to get more by threatening to quit, that sounds like a pretty miserable place to me.

Many people are afraid to ask for raises and default to looking for work elsewhere.

Re: Never accept a counter-offer

#76

Post by DominikR »

ryandrake wrote: post #55
kevan wrote: post #38

Earlier quoted context omitted.

I'd guess plenty of people are in a situation where they're not miserable at the current company but they would like to get paid more.

If you are only able to get more by threatening to quit, that sounds like a pretty miserable place to me.

Many people do not have the self confidence or social skills to be successful at negotiating a raise. Many don't even ask.

Re: Never accept a counter-offer

#77

Post by not_kurt_godel »

DominikR wrote: post #72
econner wrote: post #41

Earlier quoted context omitted.

Why did you quit to freelance?

If you have the experience, contacts and social skills (very underestimated by many professionals in our field) you can make much more as a freelancer/contractor. I'm now self employed for 4 years and I earn 6x as much as I earned in my last job. (though I believe I was underpaid in my last job)

I'm sure many people would be interested to learn more details about your current gig. How much are you making now? How did you get clients initially? What sorts of development do you do now?

Re: Never accept a counter-offer

#78

Post by Pxtl »

Clubber wrote: post #26
fecak wrote: post #18

Recruiter here, almost 20 years. Do a search for articles warning about counteroffers and you'll find almost all are written by agency recruiters. Why is that? It's because agency recruiters lose probably millions in fees every year when candidates accept a counter. I have personally lost 30K on a single fee due to counteroffer on more than one occasion. It hurts quite a bit - that's a car - which is why if you accep…

I took a counter once. When you're miserable at a place, for whatever reason, a big pay raise will make you forget it for about 4 months, then you'll be miserable again. Life is too short to be miserable 8+ hours a day.

Sometimes, though, it really is about the money.

Re: Never accept a counter-offer

#79

Post by gregpilling »

jonaf wrote: post #44
fecak wrote: post #18

Recruiter here, almost 20 years. Do a search for articles warning about counteroffers and you'll find almost all are written by agency recruiters. Why is that? It's because agency recruiters lose probably millions in fees every year when candidates accept a counter. I have personally lost 30K on a single fee due to counteroffer on more than one occasion. It hurts quite a bit - that's a car - which is why if you accep…

You can make $30,000 USD for placing a person??? I'm in the wrong line of work.

Yes you can. Its a great job when people are hiring, you have lots of income. When the jobs vanish during a recession, you don't make any money and starve.

If you are able to manage the up and down cycle, its great.

Re: Never accept a counter-offer

#80

Post by [deleted] »

nbb wrote: post #62
niccaluim wrote: post #24

Counter offers are a little silly. People in our industry are already making far above the median, which makes it extremely unlikely that money is the motivation behind resignation. More often it's a bad manager—there's a saying that people don't quit jobs; they quit bosses—uninteresting work, change in direction, or some other environmental factor. If you're going to make someone a counter-offer you should also be s…

> People in our industry are already making far above the median Well, half of them are.

[deleted]
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