Sunday, May 31, 2020
Should You Make a Counter Offer
Should You Make a Counter Offer Weve all been there, that high-performing member of the team walks into your office with a spring in their step. They hand over an envelope which feels more like a dagger to the torso. Yep, theyre offski and there nothing you can do about it. Or is there? You could always throw a counter offer their way to see what happens. Our friends at The Creative Group have discovered that although counter offers are becoming more common, issuing one isnt always a wise decision. Thanks to this useful infographic sourced from US marketing and advertising executives, the inherent risk of accepting a counter offer is easier to grasp. Consider this: If an employee is mentally prepared to leave, is it a smart long term decision to prolong their stay at your organisation? And would accepting a counter offer signify a lack of loyalty? Takeaways: 57% Employers said it was somewhat common for employees to accept a counter offer made. 28% of Employers believe an employee that accepts a counteroffer will be less loyal to the company. 21% are concerned that an employees concerns couldnt be satisfactorily fulfilled. 39% of employers say the main reason to issue a counter offer is to avoid losing an employee with valuable skills. RELATED: What Does a Counter Offer REALLY Represent?
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