In the current highly competitive, candidate driven job market, employers should be aware of potential counter-offers. Whilst you can’t completely avoid counter-offers, you can take steps to reduce the likelihood of your chosen candidates accepting a counter-offer instead of your role.
Copeland Select advises:
- Make sure you know the salary expectations of potential candidates at the very early stages in a recruitment process
- Be aware that many candidates are just not aware of their current value until they put themselves on the job market. Their salary expectations may well increase during the recruitment process.
- Don’t expect to be able to replace a key role at the same salary as the out-going role holder.
- Work with an industry expert recruitment consultant and ask their advice on salary & package.
For details of Copeland’s areas of expertise see: https://www.copelandselect.co.uk/employers/