Here is a good article I came accross.

by Eileen Levitt

What would you do if you went to turn in your resignation and your employer asked you what it would take to make you stay? Would you consider staying at your present job for more money, a promotion, or other benefits? Keep in mind, counter offers are generally not successful. No matter what the company says when making the offer, the person who stays will always be questioned in terms of loyalty. He/she is no longer considered to be a team player and will usually be the first to go if cutbacks occur.
Here are 5 of the top reasons why you should consider refusing a counteroffer:

The same circumstances that now cause you to consider a change will repeat themselves in the future, even if you accept a counteroffer.

There can be a strong impact on your sense of pride. You could end up feeling like you've been bought.

You have made your employer aware that you are unhappy. From this day on, your loyalty will always be in question.

What type of company do you work for if you have to threaten to resign before they give you fair market value for your skills?

Your company knows that you will probably leave and is likely to begin looking for your replacement, immediately.

Happy Recruiting!

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