Counteroffers

Anonymous

Guest
You have been on the interviews, the hiring company has done its due diligence on you, and you have done your due diligence on the company . . . and the job offer is made!

You like what you see in the offer, you have discussed it with your family and friends and you accept. Over the next week or so you schedule your drug test and your new company does the background check. Everything comes back “clean” and you are given the green light.

You now take a deep breath and go in to resign from you current job. What can you expect?

• 10% of the time, your boss will say, “Congratulations! We sure hate to lose you but wish you the best.”

• 10% of the time you’ll be ostracized: “Go on, get out of here. How can you do that after all we have done for you?”

• 80% of the time you will be hit by your boss with something like, “You haven’t told anyone yet have you?” “No,” you reply. “Good,” your current boss says, “then don’t yet. I will get back to you shortly.”

Later that day or the next your boss tells you, “You have a lot of promise here. You have a future. You have worked too hard to let it go now. Your next promotion is just right around the corner. Your next pay raise is right around the corner.” OR, you may be told, “We hadn’t announced it yet, but you are scheduled for a promotion (and/or pay raise) at the end of the month.”

What is happening here? The company realizes they can’t lose you–TODAY! They need to keep you until they can find your replacement. In other words, 80% of the time that you are made a counteroffer, it is because the company wants you to leave on its terms, not on yours. They need to keep you temporarily. The counteroffer is for the company’s convenience, not yours.

At this point you really should stop and ask yourself why you were looking in the first place.

As a “headhunter” who is in the job marketplace each and every business day, I have found the following to be the TOP reasons professionals like you are open to new opportunities:

• Better work/life balance.

• Better opportunities for career advancement.

• Work that is more challenging or the opportunity for more authority/responsibility.

• Better fit (skill sets, culture, boss, etc.).

• Geographic locale reasons.

• Increased compensation.

So what is going to change if you stay? Anything? You see, the only time you should seriously consider accepting a counteroffer is if it is what I call a “scouting counteroffer.”

The Army has a unit called the Scout Platoon. The primary purpose of this platoon is to be out front of the main unit to gather information and conduct reconnaissance on the lay of the land, potential threats, etc. Similarly, a “scouting counteroffer” is when you go to your boss, have a sit down with him or her, analyze the lay of the land and see what, if anything, can be changed to improve your situation. This is done, however, before you ever go on the first job interview because once you threaten to quit, you will forever be branded a “traitor” and your loyalty will from that point on always be in question.

If you have a professional discussion with your company and boss and things are changed, you are working for a company that truly respects you and wants to keep you. If things don’t change, however, then it is truly time to move on and accepting a counteroffer after you resign (to further extend the Army metaphor!) is like dancing in a mine field!

Even if you, the boss and the company work things out, you still might consider asking this one additional question: Why did you have to resign to get the things done you needed to get done (increased pay, increased responsibility, greater challenge, etc.)?

So, the only time to really consider say YES! to a counteroffer is when it is a “scouting counteroffer.” Never, never, never say YES! to the “resignation counteroffer.” Because once trust is broken, rarely, if ever, can it be restored. Your loyalty quite likely will always be in question as long as you stay with your current company.
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Actavis purchased Forrest, now interested in medicine company. Looking to build a portfolio of antibiotics. They are a generic company so even if antibiotics are low volume like Teflaro/Orbativ, etc. they provide better margins as branded drugs. They have a generic mentality so dont invest much in customer facing organizations and are laying off Forrest people including sales. Medicinnes company is likely to be all synergy (get rid of all FTE and funnell products into Actavis existing organization). They will also get a generci Angiomax in the deal. Perfect fit for Actavis business model.

To know what its like you can talk to layed off Forrest resps.
 






There is NO mention of Actavis trying to acquire MDCO. Why arent you talking about the fact there are more than one recent stories of big pharma potentially looking to buy us??? Does the truth scare you? and please dont give me that "were a 5 billion market cap company" BS, 5 billion is nothing to every major pharma co out there, so we can very easily be taken over soon enough. Just look at the recent dumping of options by senior management. youll get 6 weeks, they'll get 6 million. I can hear Rob and Mike now, " We have great news, its been decided that (insert pharma company of your choosing) has agreed to merge with Cubist. (its really an acquisition, never a merger) and as a thanks to all of you for all of your years of service and hard work, you'll get a set of steak knives and 4 weeks severance.

Thanks and I'M RICH BIATCH"!!!!!!!

And that ladies and gentleman is how it will go down. don't believe me, as anyone that was at

1. Genzyme
2. Genentech
3. Warner Lambert
4. Forrest
5. Optimer
6. Adolor
7. Trius therapeutics
8. Pharmacia
9. Wyeth
So on and so forth
 






Interview feedback I got from this company was a joke. When they decided on someone else the reasons they came up with were pathetic. It's their loss, nit sure they know what talent is!