It's pretty tempting to think you're quite the valuable commodity when your company offers you a higher salary to keep you from leaving to go work for another company. Not so fast, hot stuff. Here are a couple of things to think about before you accept that offer.
You will be looked on here on out as a bit of a traitor.
Sure, you ultimately decided to stay, but in your company's eyes, you made an effort to find another job. And you might have interviewed on a day you called in sick, or asked to leave early using some excuse.
It may be a little naïve, but to your managers, your loyalty can't be counted on. And if you were just using the other job offer as leverage to get what you wanted from your employer in the first place, it can be construed as a kind of blackmail. People don't tend to forget that kind of thing, especially when promotions opportunities come around.
Money won't solve your problems.
If you began looking for another job because you were unhappy for various reasons, you can be assured that a little bump in salary is not going to make those issues disappear.
You've burned a bridge with the company that wanted to hire you.
If you tell the manager of the second company who was making you an offer that you've decided to stay with your current company, he or she is going to take note. If you pulled the rug out from under them once, they'll be very sure not to give you the opportunity in the future.
By accepting a counteroffer from your company, you could be changing the dynamics of your relationship forever. And the counteroffer could just be buying time for your company until they can find your replacement—someone they feel will be glad to be where you are.
Toni Bowers is Managing Editor of TechRepublic and is the award-winning blogger of the Career Management blog. She has edited newsletters, books, and web sites pertaining to software, IT career, and IT management issues.