You are not happy with your current employment situation and have decided to find another opportunity. And now, you have a good job offer with a great company and are ready to give your employee your two week notice Something to think about before walking in your bosses office is what if they make a counter offer
Or maybe you are thinking about using a potential employer's job offer to get your organization to counter and pay you more money? Stop
Using another job offer as a bargaining chip seems so attractive, but it often ends badly.
If you want a raise, then negotiate it on your own merits--or prepare to move on.
1. Employers often make counteroffers based on the needs of the moment ("We can't have Joe leave right now! We have that big project next week")
But once the initial need passes, you may find your relationship with your employer--and your standing with the company as a whole--has fundamentally changed. Now You're seen as the one who was looking to leave. You're no longer part of the inner circle, and you might be at the top of the list if your company needs to make cutbacks in the future.
2. Even worse, the company might want you to stay to give them time to search for a replacement, figuring that it's only a matter of time until you start looking around again. You might turn down the offer and accept your employer's counteroffer only to find yourself pushed out soon afterward. In fact, the rule of thumb among recruiters is that 70 to 80 percent of people who accept counteroffers either leave or are let go within a year.
3. Remember, here's a reason you started job-searching in the first place. While more money may be great, more often, there are also other factors that drove you to look: limited opportunities to advance, dislike of your boss, boredom with the work, lack of recognition, crazy workloads--whatever it might have been. Those factors aren't going change, and will likely start bothering you again as soon as the glow from your raise wears off.
4. Even if you get more money out of your company now, think about what it took to get it, there's no reason to think that future salary increases will be any easier. The next time you want a raise, you might even be refused altogether on the grounds that "we just gave you that big increase when you were thinking about leaving."
5. Don’t think the new employer will consider you again. If you go all the way through their hiring process only to accept a counteroffer from your current employer, then the former is going to be wary of considering you in the future. If it's a company you'd like to work with, you might be shutting a door you'd rather keep open.
I may have been discouraging about counteroffers but there times where accepting a counteroffer makes sense and works out? There are always exceptions. But it's a bad idea frequently enough that you should be very, very cautious before doing so.