Beware, hiring managers: counteroffers are making a comeback after falling out of favor during the recession. Their resurgence highlights the hot U.S. market for executive talent, and real estate is increasingly in the forefront of the “bid-back” trend.

More key senior professionals and executives are receiving counteroffers from business platforms that can ill-afford the loss of a key player, the organizational dislocation and the cost of downtime, both while the chair is vacant and also during the onboarding ramp-up time. A counteroffer usually involves higher pay, increased duties, and a promotion delivered or promised.

Rewind about 25 years when accepting a counteroffer was a bad move. Conventional wisdom held that the employer would get revenge down the line. That's not so today. In our increasingly mobile business environment, and with a serious shortage of talent, employers increasingly bury the hatchet and move on without harboring any notion of retribution. It's just another transaction.