While counteroffers may be tempting and even flattering, there can be pitfalls that you need to be aware of.

Ask yourself these questions:

  • Will your loyalty always be in question? If there are future cutbacks, will you be the first to go because of concerns about your loyalty?

  • If you accept the counteroffer for more money, are you just giving your employer the time they need to locate and select your replacement?

  • Will your career track remain blocked if you accept it?

  • Will your responsibilities be expanded?

  • Will you have to report to a person you don't respect?

  • Will you receive next year's raise or bonus early?

  • Is the counteroffer a ploy to avoid a short-term inconvenience by your employer?

  • What are your realistic chances for promotions now that you have considered leaving?

As attractive as counteroffers may appear, they can greatly decrease your chances of achieving your career potential.