How to Manage your Resignation and a Potential Counter Offer
Resigning from your employment can either be a daunting or extremely liberating experience but regardless of the circumstances, maintain a professional approach throughout.
Before you get to the point of writing your resignation letter, really think if this is the right time to resign and if you are making this decision for the right reasons. Even if you are miserable in your current position/employer, there is no point from going from one unhappy employment to another.
OK, so your research is done, you are now certain you are ready to resign, now it is time to write your resignation letter. There is no need to overcomplicate matters, a simple letter thanking your employer for the opportunity and wishing them good luck in the future is the standard procedure. One thing we would advise it to check your employment contract and make sure you are aware of your notice period so you can determine in the letter when your last day will be. Leaving it to your employer to determine your last day can be a frustrating experience so we always advise taking the lead on this issue.
When verbally approaching your Line Manager to discuss your resignation, our advice is to always keep it as simple as possible. Do not try to over complicate your reasons for leaving, just remain polite and direct to the point and tell them after much consideration you have found a new opportunity which you feel will benefit both your personal and professional life.
What can happen next?
Acceptance: If your notice period is met with approval, the next steps should be relatively simple. If you are residing in the GCC, you will wise to request your End of Service gratuity entitlement and speak to your employer regarding your final settlement and last salary transfer date. If you are not already aware, once your company marks your last salary payment as Final Salary Payment, your local bank will automatically put your account and funds on hold until they receive your new employment visa, National ID card and employment contract.
Counter Offer: Your resignation could be met with a counter offer from your current employer who doesn’t want to lose the skills and experience you have brought in to your existing role. Your employer may offer you a salary increase, extra benefits or a promotion to persuade you to stay.
This creates a very delicate situation which requires careful consideration.
It is understandable for you to have mixed emotions about the counter offer from your current employer but do not feel pressured to give an answer there and then, politely request you should have some time to think about it.
During this time, it will be a good idea to list the pros and cons for each opportunity and discuss these with a friend or family member. Ask yourself the following questions:
Why am I looking for a new career opportunity?
Is an increase in salary really enough to satisfy me long term?
Is moving to a new job better for my long term career goals?
What do a like/dislike about my current role and employer?
Do I want to learn more?
Am I ready to face new challenges?
Why did the new position appeal to me?
What will I be missing out on if I don’t accept the counter offer?
One thing to remember is that if your current employer is able to offer more money, a more senior role or that position you craved months ago is, why wasn’t this offered to me before?
In some circumstances, those individuals that accept a counter offer often end up looking for a new job within 6 months because they realize why they were unhappy in the first place.
It is important to carefully consider and discuss the above along with anything you may have in mind. Each situation is unique and it is ultimately down to you to make the best career choice.