If you accept a counter offer from your current boss to stay, the overwhelming odds suggest you will be GONE within a year!
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Scooped by
Tim Tonella
onto Insights for Candidates August 2, 2016 2:04 PM
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I thought this re-post was so on-target. In our two decade long experience placing sr. execs into venture backed companies, the overwhelming number of executive candidates that back out of an offer (in return for a counter-offer) are usually gone from their current employer within a year. Most company bosses feel any loss of a good employee is a failure on their part, and, hence, will do almost anything to save face with upstream management. However, once potential disloyalty is established (whether perceived accurately or not), it's only a matter of time before that employee is passed up for promotions or side-benefits, and then frequently let go at the first strategic opportunity. Moreover, the fundamentals for why the candidate was considering leaving in the first place are usually multiplied after the counter and decision to stay put. If you tell your spouse you're getting divorced, don't expect her (or him) to feel particularly good about you just because you've changed your mind. Once trust is broken, it becomes that much harder to win back. This is a human emotion that will always exist no matter what the other side presents. So always think about the motivations for why you would leave (as a candidate) and hold tight to those before jumping back for a "long-term" promise . . . even if more money is dangled in the short-term.