How do you deal with the risk of losing your current job or offer if you decline a counteroffer?

1 Why employers make counteroffers

A counteroffer is a proposal from your current employer to match or exceed the terms of another job offer, usually in response to your resignation notice. Employers may make counteroffers for a variety of reasons, such as wishing to retain your skills and knowledge, avoid the costs of hiring and training a replacement, prevent you from joining a competitor or taking clients with you, maintain morale and productivity among the team, or buy time to find a suitable replacement. However, a counteroffer should not be mistaken as genuine appreciation or commitment - it may be an attempt to manipulate your emotions and guilt, or exploit your fear of change or uncertainty.

3 How to decline a counteroffer gracefully

If you decide to decline a counteroffer, you should do so gracefully and professionally. Express your gratitude for the counteroffer and the opportunity to work with your current employer. Explain the reasons for declining the counteroffer without being negative or defensive, focusing on the positive aspects of the new job and how it aligns with your career goals and interests. Reaffirm your commitment to complete your tasks and handover your responsibilities before your departure. Maintain a respectful and cordial tone, avoiding burning any bridges or creating any bad blood. Be firm and confident in your decision, and don't let the employer pressure or persuade you to change your mind.

5 How to prepare for the transition

Once you have declined the counteroffer and secured the new job offer, it is important to prepare for the transition. You should review and sign any documents related to the new job, notify your current employer of your last day, complete any outstanding projects and tasks, transfer any files and contacts, say goodbye to your colleagues and clients, update your resume, LinkedIn profile, and portfolio with your new job title and description, research and learn about your new employer, team, and role, and set realistic expectations and goals for your first days and weeks at the new job. Declining a counteroffer can be a difficult decision to make; however, it can also be very rewarding for your career. Following these steps can help you manage the risk of losing your current job or offer if you decline a counteroffer, as well as ensure a smooth transition to your new job.