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Why pay rises for your company’s ‘flight risks’ can backfire

The Great Resignation has complicated the practice of counter-offering to a worker who threatens to leave

The other day I bumped into a friend I had barely seen since he started doing quite an important job at a big bank.

“Hello!” I gushed, eager to hear about life inside a business that, even by investment banking standards, had a knack for making news.

“Oh,” he said. “I’ve left.” He had in fact gone months ago, joining the millions worldwide in a Great Resignation that was supposed to have been a temporary, pandemic blip but has lasted and even deepened.

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