58% of managers give counteroffers to people planning to leave

58% of managers give counteroffers to people planning to leave58% of managers give counteroffers to people planning to leaveMany employees eventuallyjump ship at work, but some managers do what they can to make them stay - by throwing more cash their way.New data from global staffing firm Robert Half shows that 58% of top managers surveyed put counteroffers on the table when reports say that theyre resigning for another position, versus 42% who say they dont.An independent research firm surveyed more than 5,500 American hiring decision makers in different industries on behalf of Robert Half.Heres why managers whove given counteroffers want to keep those employeesTop managers who say they have put money on the table when an employee chooses to leave weighed inand were able to choose more than one option in the process.Dont want to lose institutional knowledge of employee 58%Dont want to spend time or money hiring a replacement 42%Dont want rest of team to absorb extra workload 35%Don t want morale of team to suffer 34%But heres the kicker - even though some high-level managers give out counteroffers, the average amount of time employees who take them stay instead of leaving the company is 1.7 years. That isnt a whole lot of time tostick around.Paul McDonald, senior executive director for Robert Half, commented on the research in a statement.Counteroffers are typically a knee-jerk reaction to broader staffing issues. While they may seem like a quick fix for employers, the solution is often temporary. When employees accept a counteroffer, they will likely quit soon afterward, he said.