You have finally landed a new job. Excitement, relief, and maybe a bit of nervousness set in as you prepare for a fresh start. But then, your current employer makes a counteroffer, throwing your plans into disarray.
What was once a clear decision now feels complicated. Should you accept the counteroffer or move forward with the new opportunity?
While a counteroffer—often accompanied by a salary increase or new title—can seem appealing, it may not be the best move for your long-term career. Here’s why staying after receiving a counteroffer could come with significant risks, according to payments industry experts.
Core Problems Still Exist
Even with a pay raise or promotion, the underlying issues that led you to explore new opportunities are likely still there. Chances are, you started looking for a new job for reasons beyond money. Lack of growth, a stagnant work environment, or feeling undervalued often motivate employees to leave. A counteroffer may provide temporary satisfaction but won’t fix these deeper problems.
Kathleen Houseman, a recruiter specializing in the payments sector, emphasizes this point. “Candidates don’t leave just for more money,” she explains. “They often seek environments where they feel valued and have room for development.” Accepting a counteroffer won’t necessarily change the reasons you considered leaving in the first place. You need to ask yourself: will staying truly resolve the issues that drove you to explore new options?
For more insights on why people leave jobs, see this Harvard Business Review article on employee motivation.
Trust and Loyalty May Erode
Even if you choose to stay after resigning, your employer’s perception of your commitment may shift. Employers might start to question your loyalty, which could make them hesitant to invest in your future development or offer new opportunities.
Rick Kemp, another recruiter, highlights the potential for damaged trust. “Accepting a counteroffer can signal to your employer that you’re not fully committed to the company,” he says. “This change in perception can create tension and affect your work environment.” The uncertainty about your long-term plans could lead to missed opportunities for growth or mentorship, ultimately stalling your career development.
Growth Opportunities Outside Your Comfort Zone
The new company offering you a position clearly values your potential. Moving forward with the new opportunity may expose you to fresh challenges, innovative technologies, and a broader professional network. These new experiences could be key to accelerating your career.
As Kathleen explains, “In the payments industry, staying ahead of the curve often requires stepping out of your comfort zone. A new job offers a chance to learn new skills, work with cutting-edge technologies, and build relationships that could open doors to future opportunities.” By staying in a familiar environment, you may miss out on experiences that could shape your career trajectory in exciting ways.
Short-Term Gains vs. Long-Term Growth
A counteroffer might provide a quick financial boost, but it can also be a short-term fix for deeper problems. While the raise might feel good now, staying with your current company could limit your long-term growth prospects. The new role could offer more significant opportunities for career progression, skill development, and higher future earning potential.
Dexterous recruiters frequently advise candidates to think beyond immediate financial benefits. A higher salary now might not be worth stalling your career in the long run. Sometimes, the new position offers a clearer path for advancement and a better chance to achieve long-term goals.
For additional perspectives on career advancement and making smart career moves, check out this Forbes article.
Off-Cycle Raises Could Limit Future Promotions
Although a counteroffer might include a raise, it may not indicate future financial growth within the company. Off-cycle raises—those offered outside of standard promotion schedules—can signal that future promotions may be less likely. Rick Kemp notes, “While a counteroffer can address immediate financial needs, it might also mean that future raises or promotions will become less frequent.”
If long-term growth is a priority, the new job might offer clearer paths to advancement. A one-time raise doesn’t guarantee consistent career progression within your current company.
How Employers View Counteroffers
Another risk to consider is how future employers may view your decision to accept a counteroffer. When you stay with your current employer after receiving another offer, it can create uncertainty about your career direction. Potential future employers might question your commitment and reliability.
By declining a counteroffer and moving forward with the new role, you send a clear message about your professional ambitions and long-term goals. This can make you more attractive to employers in the future.
The Final Decision: Choose Your Path Wisely
Your career journey is in your hands. Don’t let a temporary offer or momentary uncertainty hold you back from pursuing new opportunities. If your current role doesn’t support your professional growth, it’s time to consider moving forward. The new opportunity may provide the fresh challenges and experiences that will help unlock your full potential.
At Dexterous, we specialize in helping payments professionals find roles that align with their career goals. Whether you are exploring new opportunities or need guidance, contact us today to see how we can support your career journey. Don't be afraid to chase adventure, especially if your current situation is not fostering your growth. The new opportunity might hold the key to unlocking your full potential!