As the competition for talent grows more intense, companies are focusing – or should — as much effort on retaining their best people as they are on recruiting. One of the tools they’re using is the counteroffer.
When a valued employee announces they’re leaving for a new job, two-thirds of hiring managers admit to making a counteroffer to get them to stay, according to a survey by the job search firm LiveCareer.
They do that recognizing a counteroffer won’t keep the employee long-term – the majority of workers leave within two years anyway.
“In my experience counteroffers don’t work 95%