Dear Orgs - Do better. Period
The way I think of it - If you had the budget for a counteroffer - why wasn’t it offered before they resigned or when they asked for a raise. Hell - why wasn’t it offered to begin with when they were joining?
Why did it take a resignation or rejection letter for you to wake up to their value? Let me guess - you didn’t see it, right? But the second they’re halfway out the door, suddenly they’re worth more? leadership / desperation.
A counteroffer isn’t a reward. It’s not recognition. It’s a bribe wrapped in guilt. And you’re not fixing the problem - you’re buying time until they find a company that values them (I hope so) or offers them right .. before .. they have to make the leave move.
Stop playing defense with your best/in-coming people. You had your chance. You have your chance. Don’t blow it up.
If you only see someone’s worth after they’re gone, the problem isn’t them. It’s you.
Sure - some game the system. For the rest - nah! Your logic doesn’t hold good enough. Do better.
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The HR in my last company made a counter offer 3 days before my last day. I had a notice of three months.
A Friend of mine later told me that this as a policy decided by the HR so that the candidate doesn't have any time to re negotiate with the hiring company.
Corporate BS