Should I accept a counteroffer from my current employer?
By Justin KullaLast updated
Why a counteroffer is tempting
- It confirms you are valued, and often comes with a raise or a new title.
- Staying is easier than starting over.
- You skip the risk of a new employer.
Why to be careful
- The reasons you decided to leave are probably still there.
- Your employer may now see you as a flight risk, and plan around it.
- A raise given only after you resign may come from next year’s budget or be a one-time fix.
- Turning down an employer who has hired you or is about to is hard on that relationship.
A test
- List the three reasons you were leaving. Does the counteroffer solve each one?
- Is it in writing, with the pay, title, scope and date?
- Would you stay if it were the same offer without the competing one?
- Would you be as happy in a year as you would be at the new job?
How to respond
Thank them and ask for time: “I appreciate this. I will think about it and answer by tomorrow.” Decide using the test. If you decline, say so kindly: “I have decided to take the new role, and I am grateful for the offer.” If you accept, tell the other employer promptly and honestly.
Decide before you resign what you will do if you get a counteroffer, so you are not deciding under pressure.
Frequently asked questions
Should I accept a counteroffer?
Only if it fixes the reasons you were leaving, in writing. If you were leaving for something money cannot fix, it usually will not last.
Is it a mistake to take a counteroffer?
Not always. If pay was the only issue and the new terms are in writing, it can work. The risk is that the other reasons stay.
How do I respond to a counteroffer?
Thank them, ask for a day to think, and decide using your original reasons for leaving.
Should I tell my new employer about the counteroffer?
If you decline it, there is no need. If you are considering it, be honest with the new employer promptly.
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