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There are so many reasons why it’s not in your favour to offer someone who wants to leave your company more money.
Here are some of them:
The person wasn’t happy and it wasn’t just about the money.
Money is great, we all need it, most of us want more if it BUT when someone is making a move to another company, money was never the only issues and if twas the only issue why all of the sudden, now that they are about to go, you are able to throw more at them??
If you were able to throw the dollars at them now why didn’t you do it before??
This makes sense of course if you didn’t know it was an issue however if there are unhappy employees, it is your responsibility as a manager and/or an owner to know your people are unhappy. To say “You were too busy to notice” Or you have “too many people to know everything” is just an excuse that doesn’t work. Unhappy employees are less productive employees, they are the one missing work to go out, leaving early, on the phone more and taking lunch more often then before. You can’t know everything but you should be able to catch on and work accordingly.
If someone is about to take an offer now, in three to six months they will take another offer again as chances are it wasn’t about the money, they will still be unhappy but the idea of staying was much easier then the idea of leaving.
We see it all the time, managers/HR/CEO’s saying “we will give you more responsibilities, we will raise your salary” but the chances of this actually happening is truly nil to none…as again, why didn’t they just do it before??
Moving from job to job is never ideal however sometimes people need to leave a company and what that time comes it’s is best to just let them go. It’s hard, as breakups are never easy but once you are down, pick yourself up again and come back/hire stronger!