Counter Offers: Why They Can Be Risky

Seeking employment elsewhere opens a new door with new opportunities. However, once you give notice to your employer, you may find yourself navigating the tricky process of counter offers. You’ll want to be prepared for the powerful, persuasive tactics your current employer can use to convince you to stay. They could promise a new job title, a promotion, or a better benefits package. Most of the time you will be offered a higher salary to stay. Accepting the counter offer may be quite appealing, however, statistics from the National Employment Association show that 80% of employees who accepted counter offers still parted ways form their employer within 6 months.

Read further for reasons why accepting a counter offer might not be the best decision:READ MORE

How to Manage Counter Offers

You have worked hard to create and maintain a cohesive team of successful, strong, and smart employees with a company culture to match. Each team member is a valuable asset and the last thing you want is to lose top talent. If one of your valued employees approaches you to let you know they have received a job offer from another company with higher pay, you may find yourself confronting the tricky process of counter offering. How can you manage counter offers to keep your employees happy and retain top talent?

Read further for tips on managing and presenting counter offers:READ MORE