Counter offers can be flattering, but they come with many drawbacks. Here are five reasons the smartest response to a counteroffer is “No, thanks.”
1. Money isn’t everything – Remind yourself why you considered a move in the first place. Higher compensation won’t erase every problem.
2. You’ve tipped your hand – Your threatened departure alerted your employer that you have an eye on the door.
3. Secrets get out – Even if you’ve been careful to keep the situation between you and your boss, chances are your coworkers will hear about the details of the counteroffer.
4. Name decay – The damage to your reputation won’t be limited to your current coworkers. Anyone at the other company will associate your name with a broken promise and wasted
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