With spring just around the corner and everyone thinking of having a sort out of their homes, now is the second time in the year there is a surge of interest in getting a new job, and some employers are bracing themselves for another round of staff deciding they have itchy feet and want to move.
Imagine the scenario. You have just scored yourself a big client and are looking to your team to provide the support you need to carry the business forward and make 2015 the best yet.
Your company is settling down after anyone who jumped ship in the New Year, and in your eyes, everyone is happy and focused on the job in hand. You have not heard any rumblings that anyone is wanting to leave. Until that afternoon when you have just got back in from lunch and are about to wade through the piles of emails that have accumulated in the past thirty minutes you were away from your desk, when one of your team approaches you, timidly and white-faced with envelope in-hand, and asks for a quiet word in the boardroom. Let’s face it, we all know what is going to happen, for inside the white envelope you know is the letter of resignation and the excuses are ready to flow on why they no longer want to work for the firm.
Imagine that perhaps this isn’t the one person that you had hoped would leave because their time-keeping isn’t the best or their attitude needs some work.
Think for a moment this is one of your best employees, and they have worked their socks off and quite frankly, you will be ‘gutted’ they want to leave. What do you do?
There are a few options. Read the letter, accept their decision and start the process of replacing them immediately. Or you can ask about the job they will be going to, what the salary is, and decide to up the offer and ask them to stay.
The statistics show that over 50 per cent of people who are at offer stage of a job have been tempted back to their original place of work by better pay and conditions. For the employee it is both tempting and flattering that you want them to stay, and maybe the nudge they needed to stay because it wasn’t that they didn’t like the job, they just needed that pay-rise and the validation they are valued member, and want to work hard to rise through the ranks.
However Debra Bullmore-Dunn, director at AF Selection has said while this is quite a common-place scenario, it is important that the employer thinks long and hard before offering the ‘golden handcuffs’ to an employee.
“What you need to think carefully about is how invaluable this employee is to you and your company. If you can afford it, and you don’t think anyone else could possibly do the job, then offer them a pay increase. You don’t want to be left with a bad taste in your mouth that this person doesn’t want to work for you. Because if they have gone to the trouble of sending their CV and going for an interview, the chances are they don’t want to work for you any more, and so think long and hard before you ask them to stay, ” she added.
Top tips for not offering golden handcuffs:
* Assess what is really right for you and the company. If it is just the payrise they are after, look to see if you want to keep them and can afford to keep them.
* Before walking into that boardroom, anticipate this may happen. But have a response in mind just in case, even if it is ‘please give me 24 hours to think about accepting your resignation’.
* Perhaps this could be a ‘blessing in disguise’. Fresh blood in the company may help it grow in a way you never thought would be possible.
* Make sure you can honour your promises if you do offer the payrise / extra training / company car. Because it will soon backfire if you can’t and don’t.
* Think about your other employees. If there are issues amongst staff, is now maybe the time to do some digging, see if there are any fractures and even invite people in for an informal review, so you don’t have lots of people jumping ship once one person decides to leave.
*Don’t be the one holding the key to golden handcuffs, it may only be a short time before they’re wiggling to get out.