Do you want to know about the job counter offer letter? This letter can be one of the most critical documents in your career search process.
1) What is this letter?
It is a formal employment agreement between an employer and an employee. It offers compensation, benefits, job responsibilities, starting date of employment, etc. The offer letter can be sent to you after being offered the job or even before your start date in some cases.
2) Who should receive one?
Everyone who has been formally offered a position should know what’s included in their job letter. This ensures that both parties are on the same page regarding pay rate/salary, projected starting date for work schedule, company policies & procedures
3) What should it include?
– job title
– job duties
– salary/pay rate
– job schedule (hours worked, start date)
– benefits & perks offered by the company.
4) What happens if you receive a counteroffer?
Some people are tempted to accept an improved job offer from their current employer. However, there can be some issues with this decision: – You may not feel respected for turning down another job opportunity and staying with your current employer. If you turn down the new position, you risk burning bridges at that new potential place of employment. On the other hand, accepting a counteroffer could help improve your standing within your current organization because it shows that they care about what is important to you as an employee.
It is beneficial to understand this figure very well before making a decision.