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Why Counter-Offers are a Waste of Time and Money

Posted on February 2022

business man discussing with business woman whilst show her notes

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.

In this article