Companies are fully aware that we are in a candidate-driven market, with a shortage of good quality candidates to fill their hiring requirements.
As a result, businesses are trying to hold onto as many strong employees as possible, causing an increase in counteroffers.
Since the start of the year, the Finance & Accountancy market has seen employees being offered an uplift of €10,000-20,000 - in some cases over €25,000 - to stay with their current employer.
If you’re currently thinking about changing roles, you should expect to receive a counteroffer if you hand in your notice. Whether you’ve been working at your company for six months or several years, they will do more than ever before to keep you.
Prior to looking for a new role, here are some questions you should be asking yourself:
What should you be thinking when the counteroffer arrives?
But, most importantly, revisit these simple questions:
Always think about the real reason you are looking to approach the market in the first place.
Did you know that a high percentage of people who take a counteroffer re-approach the market within a few months?
Does being counteroffered actually make you feel good? Does it make you feel like a valued member of the company, or does it make you feel the opposite in reality?
Think about whether the counteroffer provides a genuine benefit to you or to the employer. For example, keeping you on board means they won’t have to train someone new, pay potential recruitment fees, etc.
If you’d like more advice on managing a counteroffer, either as a hiring manager or candidate, please get in touch with David Harper, Associate Director: [email protected]
You can also use your social account to sign in. First you need to:
Accept Terms & Conditions And Privacy Policy