Counteroffers

CounteroffersCounteroffersCOUNTEROFFERSSenior 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 YESSenior managers were also asked, How long do employees who accept counteroffers typically remain with your company?The average response was less than 2 yearsThose who extended counteroffers were asked why theyd want to retain an employee who is choosing to leave.Top responses*Dont want to lose institutional knowledge of employee58%Dont want to spend time or money hiring a replacement42%Dont want rest of team to absorb extra workload35%Dont want morale of team to suffer34%*Multiple responses were permitted.