The Good and Bad of Counteroffers

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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%

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