Video: Counter Offers – Results from LinkedIn Polls
Sarah Dolan • Jul 10, 2023

Navigating Counter Offers: Insights and Strategies for Attracting and Retaining Top Talent

In this video, our Business Support recruitment team at Mason Alexander discusses the results of several polls conducted on LinkedIn on the topic of accepting counter offers in the job market. The polls aimed to understand the preferences and behaviours of candidates and shed light on what companies can do to attract and retain top talent. The video highlights key takeaways and offers insights into the significance of factors such as interview experience, timely decision-making, feedback, competitive offers, and desirable benefits in ensuring candidates accept new employment offers rather than opting for counter offers from their current employers.

Key Takeaways

 

1. Counter Offer Acceptance:

The first poll asked respondents if they had ever accepted a counter offer. Nearly 60% of the participants answered that they preferred accepting a new employment offer instead of a counter offer from their current employer. However, over 20% indicated they would consider accepting a counter offer.

 

2. Attracting Top Talent:

Considering the results of the poll, it becomes crucial for companies to take steps to attract and secure top talent. Some key factors highlighted in the video include:

 

  • Positive Interview Experience: Providing candidates with a positive and timely interview experience is essential. Keeping the interview process efficient, with timely rounds of interviews, can help prevent candidates from considering counter offers.


  • Constructive Feedback: Offering constructive feedback to candidates after each stage of the interview process helps them understand their performance and areas for improvement, increasing engagement and satisfaction.


  • Selling the Company: Effectively communicating the company's culture, job prospects, and career opportunities to candidates can make the company more appealing and increase the likelihood of candidates accepting job offers.


  • Competitive Offers: Providing a competitive salary and benefits package is crucial to prevent candidates from accepting counter offers. Understanding the salary expectations of candidates and offering a competitive compensation package is essential.

 

3. Accepting Counter Offers:

The second poll asked respondents if they would accept a counter offer from their current employer. The results were almost evenly split, with slightly more than 50% indicating they would consider accepting a counter offer. This finding reinforces the importance of considering competitive offers and maintaining backup candidates throughout the hiring process.

 

4. Factors for Retention:

The final poll focused on the factors that would make individuals stay at their current company. The top two factors identified were salary and benefits packages, followed by work-from-home and flexibility options. These findings emphasise the significance of offering attractive compensation packages and accommodating flexible work arrangements to retain employees.

 

Conclusion

 

The video highlights the insights gained from the polls on accepting counter offers. It emphasises the importance of creating a positive interview experience, providing constructive feedback, selling the company's strengths, offering competitive compensation, and addressing candidates' preferences for work flexibility. By considering these factors, companies can increase their chances of attracting and retaining top talent while minimizing the likelihood of losing candidates to counter offers.

 

If you’re looking for top talent across your Business Support functions, please reach out to Aisling or Jessica who would be happy to help you with your recruitment and hiring needs.

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