Counter offers on the rise

We have seen a substantial rise in counter offers.

Frankly most of the advice you see is no help.

Some interesting stats:

  1. 80% of candidates who accept a counter offer from current employer leave within 6 months.
  2. 90% of candidates who accept a counter offer leave current employer within the 12 months.
  3. 50% of candidateswho resign will be counter offered by current employer.
  4. 50% of candidatesthat accept counter offers from current employer are active again within 60 days.
  5. 38% of hiring managersdid not make counter offers.
  6. 57% of employees accept counter offers.

 

Here are my recomendations:

  1. Always ask what else the candidate has on – applications/interviews (what stage these are at & how attractive they are).
  2. What really is of interest in the next role & how this relates to your role.
  3. Keep regular contact without being annoying.
  4. Do the right thing for the candidate. The other role may just simply better for the candidate. If you lose them then lose gracefully.
  5. Think longer term. If the stats are correct, then they will be looking again soon & why not have them come back to you.
  6. No point in trying to squeeze someone into a role that may not be right.
  7. Build a bridge & move on!

 

 



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