Hiring and training costs are high in the global pharma and life sciences sector, and hearing a skilled employee is handing in their resignation can strike fear into the hearts of managers. If a worker is truly irreplaceable, it can be a solution to create a counter-offer to keep your employee retained and providing value to your institution.
However, though counter-offers are often accepted, you may only be providing a short-term solution to wider issues in your company. There is a high risk that you will end up losing the employee within a few months of their accepting your counter-offer.
This resource covers the reasons why you should reconsider when rushing towards offering a counter-offer to a valuable employee, and why the majority of the time, a counter-offer will ultimately prove to be a waste of time and money.