Should HR Collect New Job Offer Letters to Boost Employee Retention in IT Companies?

sony.ilamathi
Collecting Offer Letters for Employee Retention

While retaining employees, should we collect a copy of the offer letter issued by the new employer for filing purposes? Can this be made into an HR policy in an IT company?
saswatabanerjee
HR policies are generally what you set up, subject to not violating local laws and, of course, following some rules of natural justice, fairness, and best practices. The practice of keeping a copy of an offer letter against which you have made a counteroffer does not violate any laws, is not unfair, nor runs counter to any best practices. So, I don't see why anyone should have an objection.

On the other hand, it makes eminent sense to have a copy of an important document for future reference and for any HR audit you may be facing. You need to ensure the document is confidential, with access restrictions, and not misused.
venkatraghavanm
To collect offer letters supposedly issued by new employers to reduce attrition would serve no purpose and would be counterproductive. Would the company consider compensating the increase in that offer letter? Otherwise, the employee would decline to give a copy of the offer letter. The employees would compete with one another to produce such letters every month.

Regards,
M. Venkatraghavan
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute