The Straits Times today published a report which was a study by Robert Walters about how employees react to counter-offers of higher pay.
The article is found here, titled 'I Quit'.
Excerpts basically says that the study has found that most counter-offers of higher pay would not work for employees who resign. Only 2 percent were likely to stay if the counter offer at least matches up with the new job. 21 percent would reject the counter offer outright, while 77 percent might consider the offer before deciding.
Well, looks like it's not about the pay any more. It's the quality of life.
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