My first piece of advice when considering a counter offer is: think long and hard about the reasons you were interested in the new role in the first place. I know it’s often tempting to stay with a job in which you’ve been comfortable for months or even years, but consider these points before you decide to take the counter offer your boss has given you:
Are you unhappy in your current position? Unless your employer is offering you a different role which solves the issues you were having, this isn’t going to change just because you’re being offered more money. Although money is obviously a major driver for a lot of people, I’m guessing that’s not the only reason you were thinking of moving on…
What did the new position offer you? Was it a step up in your career, more money, a better work/life balance, great employee benefits… work out what’s really important to you and be sure to weigh up both options. It’s so easy to just accept a counter offer and keep on doing what you’re doing – but will it give you the things you need to be happy in your work?
How appreciated are you in your current role? Could this be one of the aspects contributing to you applying for a different position…? If they are offering you more money now, why didn’t they recognise your value before you threatened to leave?
How much do you trust your boss? It’s not completely unheard of for an employer to hear you’re thinking of leaving, counteroffer in order to make you stay so there’s no down period – then use this as an opportunity to find a replacement for you and ultimately leaving you pushed out. Then you’ve gone from having 2 job offers to none. Equally, even if you do trust your boss, it’s likely that they no longer trust you… is that the sort of environment you want to be working in? Is that going to earn you a promotion, or another raise, down the line?
Think about how you treat the employer who offered you a new role – if you do decide to stay with your current employer, be sure to be gracious with the company you’re turning down. In the same respect, if you do decide to move on, it goes without saying that a good relationship with your last employer could prove invaluable down the line – whether it’s simply a case of getting a reference, staying in touch with your old work mates or even a new role creation that you’d be perfect for: keeping hold of these relationship could mean a career move in the future.
And lastly, consider this: are you someone who can be bought?