Why You Should Decline Job Counteroffers After Quitting
Employers may make a counteroffer when a useful employee quits for a better job. If you get a counteroffer of financial incentives or other benefits to entice you back to your job, it’s usually best to leave the counteroffer on the table, say thanks, and move on. Here’s why.
Your reasons for leaving the company still exist. Remember why you decided to leave the company in the first place. When substantial financial considerations aren’t in the mix, most people leave a job because of a personality rift, blocked advancement, or boring work. A generous counteroffer doesn’t fix any of these things.
After you’ve announced a departure, you’re out of the inner circle. You’ll never be as trusted as you were before your departure.
Renewing your enthusiasm will be challenging. You already know why you wanted to find the exit. If your current employer wouldn’t promote you or give you a decent raise before you put on your walking shoes, don’t expect anything different when it’s time to move up to your next career level.
You want to maintain your credibility with recruiters. If a recruiter connected you with the new offer, and you say yes and then no, your credibility goes up in smoke — a negative that could come back to haunt you at a later date.
Ask yourself whether you’d rejoin the company you chose to leave if you were looking for a good job. (This assessment can help you make the right decision.)