As the job market heats up and becomes more competitive, candidates often find themselves with A businessman calculating expenses at tax timemultiple offers on the table, including a counteroffer from their current position during the resignation process.  Finding great candidates is hard, so companies want to hold on to them while they can.  A counteroffer is often not the best route.  When considering taking a new job, there are multiple aspects of their current position that candidates are looking to improve, and taking more money to stay will fix only one factor (if that was even a wound to begin with); the rest of the issues remain, and are not likely to get any better.  Offering a raise or a promotion is a quick fix for managers to keep you on board instead of a long term solution to reasons you were searching for a new job in the first place.