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Why Counter-Offers are a Waste of Time and Money

Posted on November 2019

Person pondering at their desk

โ€‹Hiring within the German pharma and life sciences sector can feel like a battle to secure top talent in the industry, and once you have secured those skilled workers, you wonโ€™t want to let them go.

Many companies solve this by making higher salary offers to those who have announced that they are leaving for a more lucrative offer with a rival. Counter-offers are often accepted and can be seen as a solution, but the reality is that they are often a quick-fix which will only act as a stop-gap when it comes to retaining your valuable employees.

This resource covers the reasons why you should avoid making a counter-offer when faced with a resignation. If your employee is in a position where they have already mentally checked out of their role, it may be difficult to get that productive member of staff back on board and re-focused, leaving your counter-offer to be a waste of time and money.

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