Are Counteroffers a Good Idea?
The talent market is tight all around. It's tough recruiting and retaining talent. A star employee unexpectedly resigns. Your first instinct? Make a counteroffer. Yes, the counteroffer is one tool you have at your disposal when it comes to retention. But the power wielded by the counteroffer can be short-lived. Offering the employee more money, bigger bonuses, or more responsibility does not always [...]