SleepyLlama
SleepyLlama

Rejecting an offer after accepting it

I recently got a decent offer. Recruiter asked me whether I want to wait for other potential offers before signing but I decided to sign as I thought that the market is bad and I might not get another offer.

Later I realised that I was lowballed in terms of cash compensation. Right now, I have been shortlisted for 2 more companies that pay very well and I think I can crack those offers.

The thing is, I like the first company a lot as their interview process and interviewers gave me a good idea of their work culture.

Ideally, I would want to join them but I also think that I can get a much better package, potentially 2x in terms of cash compensation.

Current offer in hand (good company): 18LPA fixed + 50LPA RSU vested in 4 years

Potential offers(decent company/ layoffs happened/happening): 25-35LPA fixed + RSU

I was also thinking that maybe I can go back to the first company after getting an offer from the second one and ask them to increase their initial offer or match it with the new one.

Any views viners?

12mo ago
SqueakyPenguin
SqueakyPenguin
Student12mo

I was the HR, I hope you do not get those offers

Jokes aside, Idk bro, go where you could grow the most I suppose(plus paisa jaha mile)

BubblyMochi
BubblyMochi

Nice one

SleepyLlama
SleepyLlama

I guess so

SwirlyTaco
SwirlyTaco

I would go with the second company.

SleepyLlama
SleepyLlama

1st company feels stable and their compensation range is similar to 2nd one once promoted..

What do you think of trying to re-negotiate with the 1st company after getting the offer from 2nd one?

SnoozyLlama
SnoozyLlama

If you are happy with 1st company and convinced, then don't interview with the 2nd.
But from my experience, these culture and interview experiences are bullshit and you'll know the reality only after joining. I've made that mistake of going for a lesser salary based on interview experience, so.
What i would do is, sign the 1st offer, as you've done, then interview with 2nd company. If i don't clear the 2nd, no harm done. Now, if i clear the 2nd one, i would take offer and gracefully reject the 1st one stating the better offer from 2nd one (mind you, you don't say- give me more, I'll join. Rather let them initiate that conversation). If they match the salary, best. You join the company you liked and you're getting money too. If the 1st company says - get lost, you have the 2nd one for better salary anyway

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