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

Posted on February 2022

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โ€‹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.

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