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Is a counter offer a negotiation tool?

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I was recently offered another job. The original offer was £41K and I negotiated up to £44K.

My current employer then offered £41K (£2K increase), which I rejected. My question is should I of gone back to the new employer and used the counter offer to negotiate more.

I realise it is too late now. I am just trying to learn from my mistakes.

Comments

  • skintpaul
    skintpaul Posts: 1,510 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    Take the new job. No one applies elsewhere unless they are after more money / better terms / unhappy where they are..
    breathe in, breathe out- You're alive! Everything else is a bonus, right? RIGHT??
  • sangie595
    sangie595 Posts: 6,092 Forumite
    £3k more is a good improvement on a starting salary. Get too greedy and there is a good chance you will alienate the employer and end up without the job. So no, I don't think you should have gone back, especially since your current employer wasn't even matching the new salary. Birds in the hand, and all that!
  • TELLIT01
    TELLIT01 Posts: 17,958 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper PPI Party Pooper
    I agree with sangie595. Playing one against the other isn't a good idea. Both could get fed up with your game and you end up out of work. Either accept or reject the offers and leave it at that.
  • paddyrg
    paddyrg Posts: 13,543 Forumite
    edited 6 September 2016 at 1:42AM
    Nope, move on. Returning only creates new tensions and may mean you get overlooked for bonuses, promotions etc for being "that guy".

    Look at it this way - before looking for and getting a new job, you either tried to get a pay rise in your current one, or didn't. If you did, and it was refused, they made you go though a lot of grief to take you seriously. If not, you're clearly leaving because you want something different, which staying can't give you. Either way, move.
  • So you've got a new job paying 5K more than your current one, the current one comes back and offers 3k less than the new one and you want to negotiate.

    Unless you are a League Two footballer should you be in that sort of job?
    It's taken me years of experience to get this cynical
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