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5 Reasons Why Counter-Offers are a Waste of Time and Money

Posted on November 2019

Person pondering at their desk

​In the UK banking and financial services job market, it is hard to come by skilled finance professionals, especially those who specialise in the latest data analysis technologies or fintech innovations such as blockchain. It is likely you will see your skilled employees getting offered more lucrative roles by your competitors, and pressure is placed on employers to create counter-offers to secure employees who provide value.

However, though the instinct to retain your employees and extend a counter-offer is understandable, it is ultimately a temporary solution which doesn’t resolve the underlying issues which caused your employee to hand in their resignation in the first place.

This resource gives the reasons why you should think twice about counter-offers, and why they ultimately prove to be a waste of time and money.

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