Counteroffers

Counteroffers Counteroffers COUNTEROFFERS Senior managers across a variety of professional fields were asked, “Do you ever extend counteroffers to employees to keep them from leaving for another job?” 58% said YES Senior managers were also asked, “How long do employees who accept counteroffers typically remain with your company?” The average response was: less than 2 years Those who extended counteroffers were asked why they’d want to retain an employee who is choosing to leave. Top responses:*   Don’t want to lose institutional knowledge of employee: 58%   Don’t want to spend time or money hiring a replacement: 42%   Don’t want rest of team to absorb extra workload: 35%   Don’t want morale of team to suffer: 34% *Multiple responses were permitted.