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Showing posts from June, 2018

Counter Offers

Happy June.   This month I want to discuss counter offers.   Since the beginning of this year we have seen a record number of counter offers made by employees.   The low unemployment rates are playing a large factor to this but we have witnessed counter offers blowing up for both sides. Case in point, recently I made an offer to a new graduate with no experience.   I offered her a strong compensation plan based on her experience/degree and also what the market was demanding.   She had a great personality, good references and I felt like she would be an asset to the team.   She countered my offer for an additional $4100. I declined her offer and moved to the 2 nd best candidate who accepted. The first candidate came back 48 hours later wanting to accept the offer I had made but it was too late, an offer had been made and accepted by another. All too often the recipient of a counter offer (the employer) is in a situation where they need to hire, they are constrained by a b