Introduction In today’s competitive job market, retaining skilled and motivated employees is a crucial challenge for companies in the Philippines. High employee turnover not only disrupts productivity but also incurs significant costs in recruitment, training, and lost knowledge. To address this issue, organizations must understand the top reasons why employees leave and implement effective strategies
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Should You Offer Resigning Employees a Higher Pay?
Offering a higher pay to an employee who has submitted their resignation, commonly known as a counteroffer, is a decision that should be approached with caution. Concerns with the Counteroffer Strategy While it may seem like an immediate solution to retain valuable talent, there are several factors to consider: Retention Issues If an employee is
