Developing a counteroffer strategy and a related set of administrative guidelines is a timely and essential topic for several reasons. First, a confluence of economic, technological and social forces is reshaping work and employment relationships in a very tight labor market. Unemployment rates have dropped to less than 4.5%, a level that has not been seen since the 2008–2009 recession. Unemployment rates are even lower for science, technology, engineering and math (STEM) jobs and leadership positions, making it even more difficult to attract and retain employees in these jobs.