What are pros and cons of being retained if current company is matching the offers in hand?

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Only pros no con if they are matching the offer and both organizations are service based.
1. It looks good to hiring company that you are a stable employee who just don't hop very much.
2. You know your current organization working culture process, so no need to adjust to new environment.
3. You can demand/try onsite in current organization. Chances are more here.
4. You will not loose your gratuity, you will have lot of leaves. More stability.
5. You will always have option to jump.

likefunny

Except for manager feeling bad for not getting as much as you do, there is no other con. I would say known devil is far better than unknown God. So unless your position is bad at the present place, you need not really move out.

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None, it's always good to be retained.
If you are happy with role and your learning curve, Company is willing to retained you with a competitive compensation even if they don't match stick with company.
Manager job is to elevate people under them and it is selfless job. They are the ones who recommend retaintion

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