A top performer just received a job offer from another company. If you’ve been conducting regular one-on-ones, you shouldn’t be completely surprised by the news.
Should you, as their manager, simply shrug your shoulders and bid them farewell? Maybe not.
Some companies use counter-offers to retain employees who were set to leave. Incentives might include promotions, raises, or additional equity — sometimes all three. It’s no surprise that this is one of the most hotly-debated topics in management and HR. Some argue the practice delays the inevitable, while others claim it’s just the price of doing business.
We asked management experts to weigh in on the pros and cons of the counter-offers, and whether there was ever room for compromise. You can also let us know what you think by filling out the anonymous poll question below.