What Not To Do With Your Next Job Offer – signed, your recruiter
Congratulations, you have recently accepted a job with a new company signed and returned their offer letter. You have gone through the entire onboarding process and have your start date marked on your calendar. But in the 7thinning stretch, another company offers you a position or you accepted counteroffer with a “better deal”. You just forgot to tell the new company with whom you already accepted the offer.
I am sure you’re thinking, “it’s not important, they have the ability to find someone else, and I haven’t even started, yet”
Day 1 and we are expecting you. We have announced your arrival to management and staff, reorganized workdays to train and introduce you to the company, roles, and responsibilities you accepted. We have factored you into the budget/performance plan. But now, you’ve changed your mind.
According to Bersin by Deloitte, the average cost per hire is almost $4,000 – just to get you started!
From the time you interview to the day you start we have people working to get you on-boarded. But not showing up or changing your mind after you have accepted and essentially on-boarded with the company is bad for business.
It’s no secret we aren’t the only Company interviewing you
Companies understand that you are actively looking for a new opportunity, and we are all working hard to show our candidates why our company is the best.
If you are entertaining multiple offers it is perfectly acceptable to let the recruiters know ahead of time.
What should you do when faced with multiple offers or upcoming opportunities?
1. Dealing with multiple offers or counteroffers are always tricky. Think about your short/long term career and what you decide will essentially alter both of them. Are you leaving just for pay? Growth potential? Toxic environment? Whether with your current company or potential company, your best bet is to always be upfront and honest – you never know when a contact or opportunity will pass by your desk at a most opportune time.
2. Let the recruiter know you are looking for opportunities with other companies as well, this may even help your negotiation leverage
3. If you have received multiple offers or waiting to hear back from your top opportunity, follow up with the offer on deck and tell them you are happy for the offer but will need more time to make a decision. This is certainly less complicated than accepting the offer and withdrawing.
4. Keep dialogue open with your recruiters, share your motivations for moving forward or why you may be disinclined to accept the offer – this transparency will help attract the best offers from all potential companies with whom you are interviewing.
5. Remember hiring managers and Human Resource representatives are human too. They understand how life events can changes motivations and decisions. Although they are sure to be disappointed if you decline their offer, they will be happy that you gave the company information and feedback to share with the group who would love to have brought you onboard.
Making the next career move is always tricky. Weigh your options heavily. Above all, understand that business is not just made up of profits. Business is driven by people and processes as well. Be transparent and professional throughout your job search, Karma has a way of finding us wherever we go.