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Why Counter-Offers are a Waste of Time and Money

Posted on February 2022

A woman is thinking

โ€‹The global engineering and infrastructure sector has a busy market where skilled candidates, particularly with those who have experience in new and emerging technologies, are high in demand. If you face a note of resignation in your inbox, it is tempting as an employer to send back a counter-offer to retain your most valuable employees on the payroll.

The sad reality is that those who wish to leave your company most likely donโ€™t have salary as their only or primary motivating factor. Often there are underlying issues behind the reason why they have handed in their resignation, and these wonโ€™t be solved with the money of a counter-offer. In fact, most employees who accept a counter-offer leave a company anyway within six to twenty-four months of accepting that offer.

This article covers the reasons why you should rethink your choice to make a counter-offer to a leaving employee, and why counter-offers are ultimately a waste of time and money for your company.

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