The Downsides of Making a Counteroffer to Retain an Employee

During the Great Resignation, many have said “I quit” and moved on from their organisations. As the talent pool shrinks, leaders are prepared to do just about anything to keep good employees from walking out that door. The counteroffer is one retention tool at leaders’ disposal. In fear of losing an employee, a leader may counter with a promotion, a merit increase, a one-time bonus, equity grants, or an opportunity to move to another team. But leaders, beware the perceived power of the counteroffer. Based on her experience leading teams, the author presents a number of downstream consequences you likely haven’t considered if the employee accepts. Here’s why making a counteroffer to an employee who has resigned can do more harm than good.

To read the complete article please click:

https://hbr.org/2022/05/the-downsides-of-making-a-counteroffer-to-retain-an-employee

LEARN MORE
News

Green Talent is on the rise

IDA Ireland, in partnership with Microsoft and LinkedIn, published its latest Labour Market Pulse, which provides an overview of the current insights and trends across the Irish labour market to help inform decision makers across business, academia and public policy. This edition of the Labour Market Pulse takes a closer look at the skills needed …

...read more.
LEARN MORE
News

Join our recruitment team. We put people first.

Clark is a multi-award-winning company with a team of experienced professionals that have been providing industry-leading solutions for almost 25 years. Our innovative Recruitment and Selection service provides opportunities to both jobseekers and solutions to employers across our specialist areas. Everything we do is underpinned by our core values of professionalism, integrity and a focus …

...read more.
LEARN MORE
News

4 Ways To Make January Work For You

Of all the months in the year, I’m pretty sure January is one of the worst to trigger any major life-changing decisions that could wait a little longer. Especially if you’re in the coldest parts of the world at this time with short days and cold nights. So while everyone is throwing around headline-grabbing trends …

...read more.