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Why Counter-Offers are a Waste of Time and Money

Posted on November 2019

Person pondering at their desk

​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 won’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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