So you’ve decided to move on from your current job. Maybe you’ve found an opportunity that pays better. Or it could be that you’re bored and looking for a change. Regardless, before submitting your resignation, you need to consider what your response will be if your employer comes back with a counteroffer. Let’s say your motivation for switching jobs was a higher salary, and your current employer offered to match the higher salary. Or what if your employer listened to your complaint that the job wasn’t stimulating and offered to make appropriate changes? Before making a decision on a counteroffer, there are a few things that you should consider. Toronto recruiters offers the following tips to help you deal with a counteroffer.

1. Don’t reject it immediately

Although your first impulse might be to say thank you and carry on with your plans, it could be worth your while to hear out your boss and consider the counteroffer. Clearly, the company is pleased with your work and wants to keep you. You could be pleasantly surprised by what they’re willing to offer.

2. Know your worth in the market place

Whether you’re actively looking for a new job or you’re happy where you are, it makes sense to keep abreast of how you are valued by the job market. This will help you make the right decision in accepting or rejecting a counteroffer.

3. Assess your value to the organization

Take some time to consider your past performance evaluations. Develop an honest appraisal of how the company will be impacted if you do leave. This could provide you with a solid bargaining chip with your employer if you’re willing to consider a counteroffer.

4. Talk about more than money

It’s important to remember that money does not buy you happiness. Speak openly with your employer and let them know why you are leaving in the first place. If it has to do with the workplace environment and your employer can’t or is unwilling to make changes, then it is unlikely you be happy with staying even if offered more money.

Receiving a counteroffer can seem like both a blessing and a curse. On the one hand, it’s nice to feel wanted. On the other hand, there was a reason you submitted your resignation. Remember that. Do not make a hasty decision in terms of whether to stay or leave. Take your time and weigh all of your options before determining what is ultimately best for you and your family.