Prudential put out a recent survey of the job market. What some may find commonplace, others may perceive as groundbreaking. You decide. The survey shows more than a quarter of employees are planning on changing jobs.
Leverage is slowly shifting to the employee as things are beginning to re-open and more opportunities are becoming available.
People were given an opportunity to reassess what’s most important to them during the pandemic. Many are realizing work/life balance, flexibility, and remote work options are legitimate long-term options.
What do you do if your current employer isn’t offering these options or wants you back in the office long-term knowing your job can be done efficiently and effectively working remote?
Here’s how to get ahead of the situation: As an employee, now is the best time to #negotiate your salary, among other things. If you are considering a change or are already interviewing, going to your current employer could create less headache/heartache for all parties if you negotiate now. Depending on your reasons for leaving, the level of willingness to meet you in the middle will tell you a lot about your company.
Nearly 100% of the time I advise against accepting a counter-offer. Once you’ve made up your mind to leave and accepted another job with a different company, it’s throwing salt in the wound when an employer decides to tell you how great you are and throw money, titles, etc. your way to keep you around. So save yourself the pain and agony. Don’t go back to that company which already knew what it had but didn’t do everything to keep you around. Walk away proudly and remember the reasons why you were considering a change in the first place. Are you running to something or away from something?
As an employer, start talking with HR. Get on the same page. Have open and honest discussions with your team. Those who you feel are excellent contributors and would be very difficult to replace should be on your radar. It’s not just about individual contribution though. Consider what could happen if a key employee resigned. What damages could this have on your business? Could it create a ripple effect? Will you lose relationships with clients?
Before committing to leave, you should choose to negotiate.
3 Things To Be Aware Of Before The Negotiation:
1. Know what’s important to you.
2. Understand what’s important to the company.
3. Create an offer that gives you what you want and gives them what they want. Find mutual ground.
3 Powerful Questions To Ask During The Negotiation:
1. What would it take to…
2. What flexibility do you have with…
3. How can we…
DISCLAIMER: The views contained herein are the personal opinions of the author based upon the best judgment at the time and may be subject to change in the future. The author will bear no obligation to update, modify or amend this article.
