img

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?

img

Enolagay

Student

10 months ago

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)
img

Sneha

Wells Fargo

10 months ago

Nice one
img

UrbanRun44

Stealth

10 months ago

I guess so
img

iron_man

Unicorn-Startup

10 months ago

I would go with the second company.
img

UrbanRun44

Stealth

10 months ago

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?
img

CrisscrossUnicorn

Morgan Stanley

3 months ago

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
Sign in to a Grapevine account for the full experience.

Discover More

Curated from across

img

Office Gossip on

by DenseBrain

Stealth

Negotiation doubt

Just a curious question. If i have 2 companies with almost the same offer(12 LPA), both are start-ups. Can I negotiate with 1 of them that I have another offer of around 14 LPA. And if yes do they ask for proof before joining or after? POV: It's my first switch?

img

Indian IT on

by MatureComb

Infosys

Confused on an offer from two companies

I got an offer of 11.78 lpa from infy my current company i.e capg wants to retain me with the same and also will shift me to the kind of project I want. I have around 3 y.o.e what should I do here as capg is my first company. Some suggestion would be highly appreciated.

img

Indian Startups on

by deadpm

Stealth

I'm being lowballed. What should I do?

The company I used to work for recently shut down and I just received my first offer from a sizeable unicorn. I am being massively low-balled (20% cut). And on top of it, it's an exploding offer. I have a couple of interviews lined up (they start after May 28th) but at the moment, this is the only offer I have. What should I do? 1. Hard negotiate? Leave the offer on the table if it doesn't work out. 2. Soft negotiate. Get the offer. Interview with other companies and try to get a better offer before joining (feels wrong) Things to consider: - I have 10+ months runway - Last cash comp was 24L at 2.5YOE I'm leaning towards 1.

img

Indian Startups on

by linux

Stealth

Should I give interview when I know I won't join them ?

I have got a full time job offer (SDE 1) from a startup who are offering good pay and wfh. But I was uncertain whether I'll get this offer or not so reached out to another startup and after screening they have scheduled technical interviews. They are offering the same pay and wfo in Bangalore. I've accepted the offer from 1st company by considering multiple factors like product, wlb, culture, growth, etc. So now should I appear for interviews in the 2nd company or I should tell them beforehand ? I feel it will be a waste of time for that company and it'll be hard for me to tell no in the end as they told their offer and benefits beforehand, and I had reached out to them with interest. What should I do ?

img

Office Gossip on

by StarryPiece1

Accenture

Has anyone refused to reveal their current salary during interviews? I read somewhere that it's illegal for HRs to ask for current compensation.

This is with reference to ight to privacy and equal remuneration act 1976

img

Misc on

by AabrakaGaghra

Salesforce

Need to decide my offer/situation

I just joined a company and it's been only 2 weeks. When I accepted the offer there was another interview in pipeline and some delay was going. The result came and now I am confused what to do. Startup (current company) TC : 27+2 (base+pf) New Offer from a big firm: 31.5+3.15+1.51+45kUSD(Base+target bonus+pf+stocks 4yrs) = 43.87LPA Annual CTC It's not easy as it seems. The startup (curr company) has great culture and tech stack. The product is exciting. It is part of a larger parent company. Whereas the big firm (new offer) works on a Monolith and work mostly uses Java. Codebase is 20yrs old according to Hiring manager. And one more thing - I hate Java. Why the difference has to be so big in TC šŸ˜­ I don't like to be confused. Have you ever been in such a situation? I want to relate my situation. YoE : 2

img

Indian IT on

by CreditKart

Nielsen IQ

Job Offer

I have accepted an offer and am scheduled to join in 3 days, but today I received another offer that pays a bit more. Is it advisable to reject the first offer, or what should I do?

img

Software Engineers on

by Pix

Startup

Should I join?

I recently got offer from an early stage startup in banglore. They raised a total funding of $5.19M over 2 rounds. My offer is 13 LPA + 1 lakh retention bonus 5k per month for commute and health insurance I have past experience of 2 years working with 2 startups and building apps from scratch for them. Honestly I'm really confused about this offer, it is for sure better than my previous offer but I'm not feeling satisfied. Any suggestions guys?