The resignation and pre-empting counteroffers

The Resignation and Pre-empting Counteroffers

Navigating the resignation and counteroffer process is a pivotal phase in any recruitment journey, especially for roles as critical as Chief Financial Officers (CFOs). This stage requires meticulous attention, as it is statistically vulnerable to disruptions. Mismanaging this phase can lead to setbacks, wasting time, energy, and resources.

A specialized search firm focusing on sourcing Finance Directors (FDs) and CFOs provides more than just access to a network of exceptional candidates. They are also equipped to navigate the potential pitfalls associated with the resignation process. Their experience ensures a smooth transition from the candidate’s current role to their new opportunity. These search firms excel in mentally preparing candidates for the resignation phase and equipping them with strategies tailored to various scenarios, including handling counteroffers.

Whoever is in charge of liaising with your new potential hire must meticulously follow the crucial steps that guide an FD/CFO through the resignation and counteroffer period.

Key Steps to Mitigate Risks

1. Prepare the Candidate: Mentally prepare the candidate for the resignation phase, including potential emotional and professional challenges.
2. Anticipate Counteroffers: Develop strategies to handle counteroffers effectively, ensuring the candidate remains committed to their decision.
3. Maintain Communication: Keep open lines of communication with the candidate throughout the process to address any concerns or hesitations.
4. Support Transition: Provide support and guidance to ensure a smooth transition from their current role to the new position.

For detailed advice on navigating the resignation and counteroffer phase, download our key actions advice sheet. It outlines the essential steps to follow when your new hire resigns from their old job and how to pre-empt counteroffers.