Think about it: an employee successfully went through the process of finding, interviewing and accepting a new job, only to be pulled back in by the company they already committed to leaving.
Whether their reason is salary, position, a better company, or sheer boredom, there are very few instances, if any, when a counter offer should be made — or accepted.
The reality is that even if a counter offer is accepted, the employee will soon fall back into the funnel of unhappiness or doubt that originally caused them to look for a new job. More often than not, the offer just delays the inevitable.
Great employees don’t act randomly. They’re too talented, and in too much demand for that. Instead of scratching and clawing to keep them, ask yourself: “Why is this super-talented person leaving my company? And how can I stop it from happening again?”
The effects of counter-offers — even juicy ones — are temporary. Bad workplaces are much longer-term. Put the $20k to good use and invest in your current employees. Use the savings to invest in the employees that deserve to be invested in.
Simply put: counter offers may work for professional athletes, but leave them out of the office!
This article originally appeared on The Resumator Blog.