Written by Linda L. Barkacs You have decided to look for a new job and have sent out numerous resumes. The good news is that you have several interviews scheduled over the next two weeks. The bad news? You just got an exploding offer! What to do? First, you may ask, “what is an exploding offer?” An exploding offer is an offer that comes with a time limit for you to accept. Usually, the time limit is very short, often 24—48 hours. There are several reasons that employers feel justified in making exploding offers. For example, consider the situation where someone leaves the company unexpectedly at a very busy time for the company. The position needs to be filled immediately or the loss to the company could be very high. An employer may rationalize that desperate times call for desperate measures. Other times there may be very strong competition for employees with certain skill sets. Employers may also believe that the best way to get a highly qualified person to say “yes” to the job is to force the candidate into a quick decision—accept quickly to avoid losing out on a sure thing. Finally, companies believe that exploding offers push uninterested employees through more rapidly, saving the employer time and money.
Exploding Offers: Use or Diffuse?
Exploding Offers: Use or Diffuse?
Exploding Offers: Use or Diffuse?
Written by Linda L. Barkacs You have decided to look for a new job and have sent out numerous resumes. The good news is that you have several interviews scheduled over the next two weeks. The bad news? You just got an exploding offer! What to do? First, you may ask, “what is an exploding offer?” An exploding offer is an offer that comes with a time limit for you to accept. Usually, the time limit is very short, often 24—48 hours. There are several reasons that employers feel justified in making exploding offers. For example, consider the situation where someone leaves the company unexpectedly at a very busy time for the company. The position needs to be filled immediately or the loss to the company could be very high. An employer may rationalize that desperate times call for desperate measures. Other times there may be very strong competition for employees with certain skill sets. Employers may also believe that the best way to get a highly qualified person to say “yes” to the job is to force the candidate into a quick decision—accept quickly to avoid losing out on a sure thing. Finally, companies believe that exploding offers push uninterested employees through more rapidly, saving the employer time and money.