The market for top candidates in the German technology sector is currently hyper-competitive. Employees with in-demand technical skill sets, particularly in emerging technologies, are seen as incredibly valuable in the tech sector, and candidates can hold significant leverage when negotiating their careers.
In this market, it is not surprising when skilled employees will approach you with a resignation after a lucrative offer from a rival company. If hiring and training a new employee will be costly and take time, it may be tempting to create a counter-offer to retain your leaving employee.
However, counter-offers should be approached with caution, and aren’t always in your or your employee’s best interest. This article covers the reasons why counter-offers do not provide a long-term solution and are ultimately a waste of time and money.