If People Want To Leave Your Company, Don't Bother With A Counteroffer

Many leaders use counteroffers to get employees to reverse their decision to leave the company. Here's why that's a mistake.

It's a familiar situation: one of your employees comes to you to let you know they are leaving for a new role at another company. You panic and make a lucrative counteroffer, offering a raise, promotion, and/or promise to make overdue changes—all to persuade them to stay.

While it seems natural for a business to want to hold onto a talented employee--and…