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Why Counter-Offers are a Waste of Time and Money

Posted onNovember 2019 By Katrina Chui

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The Hong Kong procurement and supply chain sector is a busy and talented job market. Technologically savvy workers are in demand, and it is vital for companies to retain their skilled workers to keep up in a fast-moving sector.  

When employers are faced with a talented employee wanting to exit the company, they need to balance the cost of replacing that employee alongside making a counter-offer to retain your talent. However, the counter-offer often acts as a ‘quick fix’ which will ultimately cost more in the long-term.   

This resource covers why you should think twice before making a counter-offer to a leaving employee, and why the process can ultimately prove to be a waste of time and money.  

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