Should You Accept a Counteroffer? What to Consider Before Saying Yes

June 26, 2025

The Truth About Counteroffers: Pros, Cons, and What to Do Next

hen you hand in your resignation and your employer responds with a tempting counteroffer, it can feel like a win — maybe even validation that you were more valuable than you realized. But accepting a counteroffer isn’t always the best move for your long-term career.


Before you say yes, here’s what you need to know.


What is a Counteroffer?


A counteroffer is a revised offer from your current employer — typically involving a higher salary, promotion, or improved benefits — designed to convince you to stay after you’ve accepted another job offer or handed in your notice.


It might come with praise, urgency, or even guilt-tripping. But behind the scenes, it's often a reactive business decision rather than a sign of long-term investment.


The Pros of Accepting a Counteroffer


1. Immediate Financial Gain
You may receive a significant salary bump or bonus. For many candidates, this can be enough to rethink the move — especially if compensation was the main reason for leaving.


2. Familiarity and Stability
Staying in a known environment means no new team, no probation period, and no need to prove yourself from scratch.


3. Professional Validation
There’s no denying it can feel good to hear, “We don’t want to lose you.” It affirms your value — at least in the short term.


The Cons (That Matter More Than You Think)


1. Underlying Issues Often Remain
If culture, growth opportunities, poor management, or burnout drove your desire to leave, those factors are unlikely to change. A raise doesn’t fix a toxic environment or lack of fulfillment.


2. Trust May Be Damaged
Even if they ask you to stay, some managers may now view you as a flight risk. That can limit your involvement in key projects or future promotions.


3. Most People Leave Within a Year Anyway
According to multiple studies, including a report by Harvard Business Review, over 50% of people who accept a counteroffer end up leaving within 12 months — often for the same reasons they wanted to leave in the first place.


4. It Can Hurt Your Reputation
Turning down an offer you already accepted can burn bridges with the new company — especially if you used the offer as leverage. This could limit future opportunities with that organization or recruiter.


Key Questions to Ask Yourself Before Accepting


hen you hand in your resignation and your employer responds with a tempting counteroffer, it can feel like a win — maybe even validation that you were more valuable than you realized. But accepting a counteroffer isn’t always the best move for your long-term career.

Before you say yes, here’s what you need to know.


  • Why did I want to leave in the first place?
    Be honest. Was it only about money, or were there deeper concerns?


  • Would I still leave if my current company matched the new offer before I resigned?
    If the answer is yes, then the counteroffer might be too little, too late.


  • What’s changed — and what hasn’t?
    A higher salary is nice, but will the things that made you feel stuck resurface a few months down the line?


What to Do Instead


If you’re on the fence, it’s worth having an open, respectful conversation with your current employer. Ask them what’s driving the counteroffer and whether they’re open to making meaningful changes beyond compensation.


Also, speak with the recruiter or hiring manager at the new company. Clarify any uncertainties, confirm growth opportunities, and weigh whether it aligns better with your long-term goals.


The Bottom Line


Counteroffers are flattering — and sometimes even strategically smart to accept — but they’re not always what they seem. If your reasons for leaving go beyond money, a counteroffer is often just a short-term fix.


Your career is a long game. Make decisions based on where you want to grow — not just where you’ll earn the next bump in pay.


Contact Us

June 26, 2025
AI in Recruitment: Boon or Burden for Job Seekers in Canada?
Diverse hiring panel evaluating job candidate in modern office
June 23, 2025
Learn how hiring teams can evaluate culture fit using structured, bias-resistant methods instead of vague “vibes.” Build stronger teams with clear alignment and objective insight.
Canadian job seeker checking the calendar while reviewing job postings on a laptop during peak hirin
June 18, 2025
When to Apply for a Job in Canada: Hiring Seasons, Slowdowns, and Strategic Timing
Job seeker taking a break with a laptop and notebook, managing energy and staying sharp during multi
June 13, 2025
Feeling drained from multiple job interviews? Learn how Canadian finance and accounting professionals can manage interview fatigue with practical tips on energy, mindset, and performance. Stay focused, present your best self, and land the right role faster.
Frustrated job candidate closing a laptop after a long, confusing job application process with poor
June 11, 2025
Wondering why top candidates are ghosting your company? Discover the most common hiring process red flags—like poor communication, unclear job descriptions, and long interview timelines—and how to fix them to attract top finance and accounting talent in Canada.
June 5, 2025
Many companies support Pride Month with rainbow logos, but today’s job seekers want more. Learn what candidates actually look for in inclusive employers—and how to move from performative to purposeful.
How to Evaluate If a Finance Job Aligns with Your Career Goals
May 29, 2025
Discover how to assess if a finance role matches your goals, values, and growth potential. Learn key job evaluation tips tailored for Canadian finance professionals.
Mid-career professional reviewing finance job opportunities on a laptop while taking notes at home.
May 23, 2025
Mid-career and eyeing a future in finance? Learn how Canadians are pivoting into the finance sector—no degree reset required. Explore transferable skills, upskilling tips, and industry entry points.
Financial professional reviewing finance certification options in Canada.
May 21, 2025
Looking to advance your finance career? Explore the top finance certifications in Canada, including CPA and CFA, to enhance your skills and job prospects.
Employee taking a break, stretching at a desk to recharge energy levels.
April 30, 2025
Maximize your productivity and reduce burnout with these five energy management strategies. Learn how to invest your energy wisely in the workplace.
More Posts