New research indicates that’s not how to retain an employee who wants to leave
New research indicates that’s not how to retain an employee who wants to leave
Offering a higher salary to try to hold on to workers who are leaving for another job is a fairly popular practice; 48 percent of Canadian senior managers have done it, according to a recent survey.
Most employers say they were motivated to offer employees a higher salary to prevent institutional knowledge from being lost.
Avoiding spending the time and money to hire a replacement was the second most common reason organizations tried to woo employees who’d given notice.
However, although making a counteroffer may temporarily prevent employees who are leaving for another job from exiting, it’s often not a long-term solution. The Robert Half-sponsored survey found staff members who accept counteroffers typically leave the company in less than two years.
For more on the survey findings, view this information