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What can employers do to prevent Buy-Back employee, what should employee

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Riyadh Salih Saskatchewan, Canada
What can employers do to prevent Buy-Back situations? What action employee should take? What problems might exit if he accept the buy-back?
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Najam Mumtaz Retired Lahore, Punjab, Pakistan
Dec 18, 2017 7:54 AM
Replying to Kiron Bondale
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Riyadh -

The golden rule of counteroffers is to not accept them. In capitalist countries, market pressures will ensure there isn't a dramatic variation in base compensation between comparable companies, so it's rare that a few thousand dollars would be the only reason someone is looking to switch companies.

Retaining employees requires:

- Good people managers
- Aligning corporate and personal goals
- Regular informal and formal recognition
- Development opportunities
- Avoiding Lencioni's Three Signs of a Miserable Job!

Kiron
Kiron, you summarized the requirements of retention of employees very precisely.
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