05 Sep '11, 5am

More firms making counter offers when employee resigns

More firms making counter offers when employee resigns

SINGAPORE: Making counter offers to retain staff who have offered to resign is on the rise. The 2011 Hays Salary Guide says this is because of economic recovery and more candidate movement in the jobs market. 71 per cent of companies surveyed said it is their policy to make a counter offer or that they have done so occasionally. Mr Chris Mead, General Manager of Hays in Singapore said it is understandable that employers may attempt to reverse an employee's decision to leave if the employee has the right skills, cultural fit and is highly valued by the company. He said top candidates, particularly those who are skilled, are receiving multiple offers and counter offers. But a successful counter offer involves more than just money. Mr Mead added that many of the candidates are assessing new opportunities and are moving for the right level of responsibility and career prospect...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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