The official blog of Abacus Group — a place to share our knowledge and thoughts on trends in recruiting

September 08, 2017

Why You Should Never Accept a Counteroffer [Infographic]

Accepting a counteroffer after you have already resigned is like giving a failed relationship one more chance even though you have already given it several opportunities to develop. If you have already determined that your role lacks the career progression and acceleration you need, there shouldn’t be any money or ‘promises’ that will keep you. What changed on the day of your resignation?

November 04, 2016

Handling an Employee Resignation – No Counteroffer Necessary

Voluntary turnover is on the rise. Just like employees are encouraged to handle resignations gracefully, managers are, too. Managers should accept resignations with a level-headed, inquisitive, and strategic approach that will not disrupt the company or damage relationships.

October 18, 2016

Think Twice before Reacting with a Counteroffer

think-twice-before-making-counterofferVoluntary resignations are increasingly common as job seekers regain control of the market. According to compensation survey data and consulting firm Compdata, voluntary turnover has grown steadily from 9.1% in 2011 to 11.6% in 2015. Therefore, managers should prepare to effectively handle the occasional loss of top-performing employees without extending a counteroffer.

June 08, 2016

Stand Your Ground: How to Mentally Prepare for and Gracefully Reject a Counteroffer

stand-you-ground-reject-counterofferCounteroffers have become the norm in response to employee resignations from Accounting, Finance, Technology, and Administrative positions. As employee turnover grows and average tenure shrinks, supervisors are increasingly resorting to bribing their staff with higher pay, title promotions, and other benefits. Sara Bouley, Executive Recruiter in Abacus Group’s Accounting & Finance Division, consults her candidates on the possibility of the counteroffer.

June 04, 2014

The Dangers of Making an Employee a Counteroffer

Extending a counteroffer in response to an employee resignation is just an option, indicating that the reaction is preventable.  If you’re an employer grappling with the decision to counteroffer an employee, consider some reasons to respectfully handle the resignation. Here are some of the unfavorable outcomes for an employer following an employee’s counteroffer acceptance.

November 21, 2013

Seven Common Accounting Career Roadblocks

common-accounting-roadblocksAs rewarding, esteemed and stable as accounting may be, professionals in the field do not anticipate lifelong commitment to a single employer, and sometimes recognize the need to change jobs. Yes, inevitably, those who work in accounting will embark on quests for new employment.  Inadequate knowledge about the accounting job search process may give way to unrealistic expectations, unnecessary frustration or the acceptance of the “wrong” job offer.

May 30, 2013

Why Candidates Decline Job Offers

With the economic recovery crawling slowly, the concept of declined job offers can be hard to understand. Believe it or not, many professionals are routinely rejecting concrete employment opportunities. If candidate turndowns have become a theme within your company, examine some possible causes and suggestions for repair.

April 13, 2012

The Counteroffer: Why and How to Avoid This Losing Proposition

counteroffer-previewWhen an employee announces their resignation, they are sometimes confronted by a counteroffer—their employer’s “rebuttal” in the form of a proposed salary increase, promotion, or other benefits. Many won’t hesitate to consider counteroffers. While a counteroffer may seem like a tempting, even flattering, quick fix for many employees, it’s best avoided to protect long-term career interests.