How to manage counteroffers

In the world of job hunting, the excitement of receiving an offer from a prospective employer can quickly turn into a dilemma when a counter offer is presented. The allure of better compensation, improved benefits, or an enticing work environment can make it challenging to decide between sticking with the original offer or exploring the possibilities that a counter offer presents.

In our recent 2023 Employment and Salary Trends Report, we revealed that 79% of hiring managers experienced more counter offers in 2022 than ever before.

When considering resignation and the potential for counter offers, it's important to approach the situation with careful consideration. Here are three tips to help you navigate this delicate scenario:

Reflect on your reasons for leaving
Before resigning, assess your motivations for seeking a new opportunity. Determine if the counter offer addresses the underlying issues that prompted your decision – remember money isn’t everything.

Evaluate the counteroffer objectively
Don’t just ignore the counteroffer. Consider whether the counteroffer aligns with your long-term career goals, taking into account compensation, benefits, and other relevant factors.

Communicate professionally
Maintain open and honest communication with both your current employer and the potential new employer. Express gratitude for the counter offer while respectfully explaining your decision to move forward with your original plans.