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

Posted on February 2022

Women sitting in front of laptop holding glasses to her face

Skilled employees with quality insights are essential to the banking and financial services sector, and in a busy job market, it is likely for employers to want to keep their best-performing talent when they hand in their resignation.

Though this seems like a solution to retaining valuable staff, a counter-offer more often than not is ultimately a waste of time and money, as a level of trust is broken and a salary raise does not solve underlying issues the employee has with the institution.

This guide reviews the reasons why counter-offers are best avoided and provides only a short-term solution.