You’ve made the decision to hand in your notice, and then—surprise!—your employer comes back with a counteroffer, sweetening the deal with more money to make you stay. It’s flattering to know that you’re valued, but it can also be a bit confusing. Should you take the offer and stay put, or stick to your original plan and move on? Here’s a guide to help you navigate this tricky situation and make the best decision for your future.
1. Reflect on why you want/ed to leave
Before you let the promise of a bigger paycheck sway you, take a step back and revisit the reasons why you decided to resign. Was it just about the money, or were there other factors driving your decision? Perhaps you were unhappy with the work environment, felt undervalued, or wanted more opportunities for growth. A counteroffer might address the financial aspect, but it’s unlikely to change the underlying issues that made you want to leave in the first place.
2. Consider the bigger picture
Money is important, but it’s not everything. Think about your overall job satisfaction. Are you happy in your role? Do you see a future with the company? Will more money truly make you feel better about staying, or is it just a temporary fix? If your reasons for leaving go beyond salary, accepting more money might not lead to long-term happiness. On the other hand, if your only concern was financial, a counteroffer could very much be worth considering.
3. Think about your career goals
Consider how staying in your current role fits into your long-term career goals. Will accepting the counteroffer help you advance in your career, or will it keep you in a comfort zone that could limit your growth? If you were planning to move on to a new role that offers more challenges, opportunities, or aligns better with your aspirations, staying for more money might hold you back.
4. Evaluate the trust factor
Accepting a counteroffer can sometimes change the dynamic between you and your employer. Your boss now knows that you were ready to leave, which could affect how they view your loyalty and commitment. This might not always be the case, but it’s something to consider. Will you be seen as someone who’s only staying for the money? Could this impact your future with the company, especially when it comes to promotions or new opportunities?
5. Consider the company’s motivation
Why is your employer offering you more money to stay? Are they genuinely committed to addressing the issues that made you want to leave, or are they just trying to avoid the cost and hassle of finding a replacement? It’s important to understand the motivation behind the counteroffer. If it’s purely to keep you from leaving and nothing else will change, the same frustrations will resurface.
6. Talk it over
Sometimes, an outside perspective can help clarify your thoughts. Talk to trusted mentors, colleagues, or friends about the situation. They might be able to offer insights or help you see things from a different angle. Just make sure you’re talking to people who can give you objective advice, rather than those who might have a vested interest in your decision.
7. Don’t rush your decision
It’s okay to take some time to think it over. Let your employer know that you need a day or two to consider their offer. This will give you the space to weigh your options without feeling pressured. Making a hasty decision could lead to regrets, so take the time you need to make the right choice for yourself.
8. What if you decide to stay?
If, after careful consideration, you decide to accept the counteroffer, make sure to clarify any changes that come with it. Will your role or responsibilities change? Are there new opportunities for growth? Get the details of the offer in writing, such as an updated contract, including any promises or commitments that were made. This ensures there’s no confusion down the line.
9. What if you decide to go?
If you decide that leaving is still the best option, stick to your original plan and leave on good terms. Thank your employer for the offer and explain that, after careful thought, you believe moving on is the right choice for your career and personal growth. This shows professionalism and respect, which is important for maintaining good relationships and a positive reputation.
Deciding whether to stay after receiving a counteroffer can be challenging, but it’s important to make a decision that aligns with your values, goals, and long-term happiness. While more money can be tempting, it’s not always the answer to the deeper issues that made you consider leaving in the first place. In fact, many studies show that up to a huge 80% of counter-offered employees who stay, will leave within 6 months. By carefully weighing your options and thinking about what’s best for your future, you can make a decision that you feel confident about. Whether you stay or go, remember that this is your career journey—make the choice that feels right for you.