So there is this guy who till last week was looking forward to join [well known company] as Sr VP of HR . Wooed to the extent {name of Promoter} sent people to his home to ensure there is an "emotional connect" even before the guy joins. All was fine till he got a letter last week withdrawing the offer. No one spoke to him , no compensation whatsoever and the poor fellow is looking for a job at the age of 48 in this economy. So this is the story of what is happening with one of NSE50 companies. [Well known company] shares are trading at 15% of their January highs !!
Dr. Shukla linked to a story about something similar in Videocon's business.
Today I was talking to a HR head of a BPO firm today about the incident and he shared that while the economy was booming people had no qualms about accepting an offer letter, negotiating equity stakes, meeting their prospective teams, only to text on Saturday and say "I am not able to join because of [substitute with lame excuse]"
According to the HR guy this used to happen not just with the entry level people, but also with CXO levels. These senior guys actually picked up the trick from lower level employees. The thing is called "shopping" - having an accepted offer to negotiate a higher salary and role at a competitor.
Whatever be the case, either in the case of an economic boom or slowdown ... both actions of taking others for granted and breaking commitments cannot be condoned.
Wake up - employees and employers - you're doing your own credibility a disservice by acting so opportunistically.
Have the courage to take a decision and to stick to it.
There's always something a little better, seemingly, around the corner. It's a mirage. Here and now is the only truth. Have the courage to recognise that.
Actually something similar happened to me... After 5 rounds of interviews I had an offer with one of the MNC Banks. Orally they confirmed that they are giving me the offer but then they later regretted and didn't sent the final offer letter.. but this actually worked in my favor now that I see it as thankfully I hadn't put in my papers till then and secondly the same back is doing massive layoffs in thousands so I am thankful that the offer from them finally didnt work out...
ReplyDeletebut organisations always confirm from the joinee abt their joining status right? (at least they did, from me, even 1 week before the actual date of joining)
ReplyDeleteWow, what an incredibly unethical thing to do to a candidate! He’s better off in the long run – who would want to work for such a company?
ReplyDeleteIn today's world, the beauty is, someone who does not indulge in aggressive negotiation or comes on board without putting up a price or throwing an attitude, is considered as an 'average' pick. Perception is that performers put up a price!!
ReplyDeleteI don't know which side to justify...but this is a very sad incident. In this environment, getting a job for a senior professional is like searching for a needle in a haystack...I hope the poor fella finds a job.
ReplyDeleteI do feel though, there may not be a credibility or ethic associated with a candidate but corporates resorting to these things is shameful to say the least.