When to Make an Offer to Get an Employee to Stay
Posted August 26th, 2015
In the traditional conception of the employer/employee relationship, the employer makes all of the decisions and the employee has to follow them. After all, the employer signs the checks. But when an employee decides they want to leave your company, there are certain circumstances when the best response is to capitulate and make them an offer to get them to stay. The next time someone announces their departure, ask yourself if you are facing one of the following circumstances.
You Will Be Unable to Complete a Major Project
If the departing employee plays a crucial role on a project that is central to the present and future of your company, then the money you spend on their offer likely pales in comparison to the damaging impact their absence would have on your company. Completing projects late, or not at all, can put a dent in your bottom line over the short term and deal a major blow to your company’s reputation over the long term.
You Will Lose One of Your Top Performers
Top talent is hard to find, and the value they bring to your organization is almost impossible to measure, yet often underestimated. When one of these employees walks out the door, the impact on your company could ripple throughout departments and last for months, or even years. Furthermore, if they are leaving, it’s likely because they have gotten a better offer elsewhere, and that offer probably came from one of your direct competitors.
You Will be Unable to Recruit a Replacement
Some positions are easy to fill while others are notoriously difficult, especially in STEM. When you are about to lose someone that you know will be difficult to replace, you need to ask yourself what will cost more – making an offer or suffering through a long recruiting process and trying to operate with a hole in your workforce.
You Will Damage Your Company/Team Culture
We like to think that company culture is a diffuse force that is shared by all and travels down every hallway. But the reality is that oftentimes, a few employees are the drivers of that culture thanks to their spirit, attitude, intellect, and personality. If you have a nagging feeling that your team/company will simply not be the same without someone who is prepared to leave, it’s probably worthwhile to make them an offer.
Managing the human element of your company is one of the hardest parts of your job. Find resources and assistance to make things easier by contacting Bayside Solutions.
