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Should You Entertain A Counteroffer?

 |  By: Debbie Elliott, CPA , Executive Recruiter, Accounting & Finance

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Employers are often quick to entertain a counteroffer to a potentially departing employee because the increased salary costs less in the short term than hiring and training a replacement.

It is generally not advisable to accept a counteroffer because the relationship between the employee and employer has now been altered.

The majority of employees that accept a counteroffer either leave or are terminated within a year. There is almost always a non-financial motivation to the resigning employee that is not cured with a salary increase. A good supervisory relationship and open communication about performance expectations, career advancement opportunities and compensation can help avoid unnecessary turnover.

Read more about the reasons why not to accept a counteroffer.

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Posted in: For Candidates
Tagged with: counteroffer