When you have decided to leave your current job, the last thing you may expect is to receive a counteroffer from your employer. A counteroffer is when your current employer offers you increased salary, benefits or other incentives in an attempt to convince you to stay with the company instead of leaving. While it can be tempting to accept a counteroffer, is it a good idea?

What is a Counteroffer?

A counteroffer is a proposal made by your current employer in response to your resignation. It’s usually an attempt to keep you on the team, as your employer recognizes your value and doesn’t want to lose you to a competitor. Counteroffers can include a variety of things, such as:

• A salary increase

• Additional benefits or perks

• A new job title

• Flexible working hours or remote work options

• Opportunities for training and career development

• Promises of future opportunities or promotions

How to Handle a Counteroffer

If you receive a counteroffer, it’s important to approach the situation carefully and thoughtfully. Here are some steps to take:

Thank Your Employer:

Express gratitude for the counteroffer and acknowledge the time and effort that was put into it.

Review Your Original Reasons for Resigning:

Remind yourself of the reasons why you decided to leave your current job in the first place. Was it for better career growth opportunities, a more fulfilling role, or a better work-life balance? Does the counteroffer address these concerns? Why were these concerns not addressed in the past?

Consider the Long-Term:

Think about how accepting the counteroffer will impact your long-term career goals. Will it provide the career growth opportunities you are seeking, or is it just a short-term fix?

Weigh up the ongoing implications:

Though we would like to think accepting a counteroffer would mean things continue as they were, that is rarely the case. Your employer will naturally want to reduce their exposure should you leave your position, so consider how likely it is that your stability in your role is affected. Employers are also human, and so residual feelings from your unexpected resignation may still need to be managed.

Evaluate the Offer:

Evaluate the counteroffer carefully. Is the salary increase or benefits package comparable to what you could receive at your new job? Do the opportunities for growth and development align with your career goals? Research the market value of your skills and experience to ensure that the counteroffer is fair and competitive.

Make a Decision:

After careful consideration, make a decision. If you decide to decline the counteroffer, do so politely and respectfully. If you decide to accept it, make sure to have a clear understanding of the terms and conditions, and make sure that your employer follows through on any promises made.

In conclusion, receiving a counteroffer can be a difficult decision to navigate. It’s important to approach the situation carefully and thoughtfully, and to make a decision that aligns with your long-term career goals. By being professional and respectful throughout the process, you can maintain positive relationships with your employer and colleagues, regardless of your decision.