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Study: Counteroffers don't convince employees to stay long-term

from HR Morning

If one of your best employees gets an offer somewhere else, it’s natural to try and convince them to stay. Many employers offer a higher salary in hopes of keeping their top talent — a recent study by Robert Half reported that 58 percent of managers have made counteroffers to employees wanting to leave the company. Besides losing a good worker, many employers don’t want to hurt employee morale or go through the lengthy hiring process to replace the departing employee. Making a counteroffer seems to be the best, if not only, option. But the study found this solution is only temporary, and these employees end up leaving anyway. more

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