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New job offer expiring tonight, still waiting on a counter offer from my current company. What’s the move?

I have an offer from a pretty cool company. It is expiring tonight(early morning tomorrow, to be exact). 

Yesterday I chatted with my manager (VP) at my current company, and he told me he wants me to stay and he was going to put together a counteroffer for me. 

See, I'm okay with leaving, but there's a huge possibility that my current company is going to offer me a lot of $$$ - in that case, I might considering staying. Today, my manager hasn't been in touch, and I'm assuming he will present an offer either tomorrow or the other day- if there's an offer.

I don't think I can ask for an extension for the offer I have, I already asked them once, and they gave me three days. 

What do I do in this case? Sign the offer and say no later if I decide to stay at my current? 
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26
OpalTiddyChurger
Arsonist
+9
Funbags Enthusiast
What was the motivation to leave in the first place? If it was to get away from something negative, then the more money bandaid approach will not fix things.
SaaSguy
Politicker
+5
Account Executive
Agreed- and the fact they haven't had more urgency, it seems they just want the offer to expire and keep you where you are.
happyhunter
Valued Contributor
+5
spittin' sunshine
Why weren't they paying your worth from the beginning? Most people who consider leaving and then stay due to a counter offer end up leaving within a year....on to new beginnings my friend!!!
barney2021
Politicker
+4
Account Executive
I agree with this completely. Onwards and upwards
Kinonez
Celebrated Contributor
+9
WR Enthusiast
Wait for the counter offer as long as you can, if it doesn't come by the time the extension expires take it! It might not come at all or be good enough for you to stay.  
cokelon
Politicker
+2
Direct Sales Lead
Honestly I wouldn't stay even with a counteroffer, there is always going to be that memory of when you almost left and some can take it as bad blood. Also why weren't they offering you this much more cash in the first place? why only when you are planning to leave?

Why were you looking at another job in the first place? if you are happy at your job even if someone contacts you about another opportunity you can say "not right now thank you". Personally I would take the offer from the other company which showed interest in me and if the number make sense.
SaaSam
Politicker
+6
Account Executive
My worry would be if I stayed with my current company would the use the fact that I almost left against me when considering promotions or future raises because they saw it as disloyal. I'd go with the new company
RaymundoFlex
Opinionated
+2
AE
I disagree with this line of thinking. Not disloyal at all, don’t be a slave to the man. Plus, if anything, they now know if you aren’t happy you’ll deep - better keep you happy 😏
SaaSam
Politicker
+6
Account Executive
I agree that it's a terrible way of thinking but unfortunately it's a common way of thinking in senior leadership. They can tend to take it personal when employees leave 
Patbate
Politicker
+6
Senior Product Advisor
Communicate to your current boss that you have a deadline (tell him your deadline) and you would love to entertainment his offer but you respectfully need to make a decision on whether you’re going to take his counteroffer or take the offer from the potentially new company by x date.
PhlipOut
Politicker
+6
Account Executive
I've you've decided to leave (to the point of getting an offer) then jump.
I'm sure there is more than just money.
A counter offer will keep you around for a lil while, but that's it.
go.
poweredbycaffeine
WR Officer
+9
Bean Juice Drinker | Sales Savant
Never. Take. A. Counter. It is the poison apple that will eat at you from the inside. If money is the reason you are leaving, and you get the money to stay, then you'll find another reason you'll want to leave (often hidden by the money) in no time.
CuriousFox
WR Officer
+11
Senior Account Executive
Accept the other offer and move on. Your current company should have jumped on the opp and they are dragging their feet. Move on.
CaneWolf
Politicker
+12
Call me what you want, just sign the damn contract
It sounds like you aren't okay leaving as everyone told you to leave in the last thread about this....
SlanginCyberSec
Valued Contributor
+5
Account Executive
What last thread?
CaneWolf
Politicker
+12
Call me what you want, just sign the damn contract
Ah, sorry!!! We had somebody else who was in the exact same situation like 5 days ago. I guess that wasn't you. My bad!

The consensus was to leave because you've decided to and also, on several threads, we've talked about never taking counter-offers here.
Show 2 more replies
sales7
Politicker
+5
Sales Enablement Manager
If you're that close to leaving, I say leave. it'll be unlikely that you staying would be long term anyway
RaymundoFlex
Opinionated
+2
AE
You’re getting played. Sign the offer, your company values you x much but has been paying you x minus whatever they counteroffer. That’s wack. Tell them too little too late.
SaltyStephSalesSpecialist
Account Executive
Take the offer you have on paper no question
TheGreenSide
Opinionated
+3
Enterprise AE
Never take the counter offer. In hindsight, I wonder if you had mentioned that to the new org if they would have raised their offer as well. Possibly too late at this point if you didn’t already
FeedTheKids
Politicker
+3
Solutions Consultant
Counter offer is never worth it - bag your bags your starting a new venture. Congrats -
DungeonsNDemos
Politicker
+7
AE of B2B
I’m curious to hear what you ended up doing. How did things shake out?
Yo
YoursTruly
Opinionated
+1
Account Executive (SaaS)
Accept. You can always rescind
sellingsellssold
Politicker
+7
SDR
If the company your at now really wants you to stay they should offer the company match with the same amount of money and possibly good benefits. I would wait and see what happens and then take a couple of days to think it over! Best of luck
GDO
Politicker
+7
BDM
Why were you leaving. If the reason is not money, you should leave. 
eman
Politicker
+2
Account Executive
Accept the new offer, if counter offer is good, decline the offer you just accepted
ColdCall
Valued Contributor
+4
Business Development Manager
The word 'possibility' is a red flag! If a deal said they would 'possibly' close this month, would you forecast on it? 

This sounds like they don't have the time to support and manage you, and frankly explains why you're leaving. 

Accept the offer and move on (assume offer is more than you're on?) 

As the offer expires you should accept it. If they did over you enough money to stay and you feel that is the right move you can burn a bridge and reject the offer you accepted. 


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