Mondo Search/2023/July

Counter offers are counterfeit

Month: July 2023

Counter offers are counterfeit

Posted on by Simone Allan

Candidate reactions are varied and many companies have tried to retain the people by offering counter offers.

Our experience and research indicates that often counter offers from employers are vague attempts to keep the commitment and loyalty of staff. In fact, our surveys say that over 72% of staff who are counter offered by their employer leave within the next twelve months as the original reasons for leaving still exist. For example their salary may have increased but the culture, conditions and politics remain the same.

When staff announce their departure, often employers take it personally and make promises that the environment will improve and try to offer more money or greater salary benefits.

At Mondo Search we have observed a number of situations that occur after a counter offer has been made:

  • Staff generally will still leave within twelve months, after being counter offered, as staff generally choose to leave for other reasons, apart from salary and conditions.
  • Candidates currently at our interviews are generally not concerned about salary package, rather the type of company, the culture and the career opportunities.
  • Candidates will move sideways in title or position, if the culture, industry and or reputation of the company are held in high regard.
  • Candidates are now also more interested in the lifestyle factors around the role, including distance to work, the company’s attitude to working from home, paternity and maternity leave and opportunity for company shares and equity.
  • A lack of trust is embedded at the time of the counter offer, as people wonder why they have been offered better salary/conditions or job opportunity only after they have threatened to leave. Why was this only addressed after the moment that they decided to leave? Is the company lacking strategic initiative and are they purely short term thinkers and reactionary?

So as an employer, when considering offering a counter offer to a staff member, to try and keep them, consider that you are likely to be facing the same situation, within twelve months. Look at your current team, keep close to the ones that you want to keep on your team and they will be less tempted to make a career change. The grass is not always greener on the other side!

Once someone decides to leave they eventually will leave. So when considering a counter offer just remember that it may be very counter productive.

Reach out if you ever need help finding or keeping talent. Our mission is finding good people for good.

Contact us at simone@mondosearch.com.au

How to get a job straight out of graduation – DRREAM Big

Posted on by Simone Allan

 

A word to help you in your job search after school or university is DRREAM! Yes that is dream big and start big! Dream with an extra R for Really Amazing!

DRREAM is an acronym for smart steps to find a job:

D – Date and Don’t give up: you have to think of getting a job is like getting a date – prepare both physically and mentally – Don’t limit yourself. Say YES a lot – do your preparation.

R – Resume: write a succinct and powerful resume – 2 pages and include everything that you have ever volunteered for. Include all part time jobs, internships and awards. Have 1-3 referees, even a quote of who you are to them. Be meticulous with resume detail – headers with how to contact details. List milestones/ wins.

R – Research: research your passions and think of companies you are passionate about – we always thrive, if we do what we have an interest in. Research your trusted network – who do you like – what do they do? Ask them if you can do an internship? Keep an open mind – don’t limit yourself to certain types of jobs.

E – Early Work Experiences help: Young resumes stand out if they are loaded with work experiences and demonstrate tenacity – ie. internships, work experiences, volunteering, Duke of Edinburgh, Surf Life Saving etc.

A – Appropriate Dress: Wear what matches your market. If it is a conservative industry like professional services and banking – wear a suit. You are not being conformist – you are allowing yourself not to suffer unconscious biases and judgement, so people can make a decision on what you think and what you say, rather than what you wear.

M – Make Extra Effort and find a Mentor: Like a date – stand out from the rest – get online and research companies, start a blog on something you are passionate about, that may be related. Write an article and go the extra mile. Follow people who the company would be interested in. Find a mentor within your friends and family who you rate, who has led a good career and ask them to mentor you. They will get as much out of it as you. Studies now show that pheromones or happy hormones are released when someone helps another.