When an employee of company A gets a job offer from company B, and then presents the offer to company A to get a counteroffer (usually a pay raise) to stay at the company.
Example: You have to play the counteroffer game to increase your salary.
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Jargonism is a Business English dictionary. You can learn about words and phrases that are commonly used in the workplace like Circle Back, Thought Leader, and Offsite. We also have a Word of the Day, which is a daily Business English vocabulary word that is commonly used in the workplace.
On this site, we also have templates on how to communicate effectively at work, such as requesting PTO, declining a promotion, and taking a sick day.
Date: 08/04/2021
Word: Close It Out
Definition: To mark something as completed.
Example: This task has been fixed, so let's close it out within the task tracker.