Counter offers

When you hand in your resignation you may be offered an improved package by your existing employer to tempt you to stay. This may be to your advantage, but you should be aware of the following:

Most people do not change jobs just to get more money. You need to consider the reasons you wanted to change in the first place and ask yourself whether more money will make any difference to this. If you were unhappy because you did not feel challenged, or you didn't get on with your boss, or didn't like the product or company culture, or the travelling was too far or the hours were too long, is more money going to change this and will you be any happier in a few months time or still have the same problems?

Often when employees are offered more money to stay, the employer knowing you are basically unhappy, will be buying time to find a replacement for you and you will find yourself out of a job in a few weeks or months anyway.

If you accept more money now you may be passing up the opportunity of a new position which for example may offer promotion and training and be better for you in the long run.