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most of the companies are doing this now a days as they have fear you might use their offer letter and bargain and get some other offer of better ctc. So if they give on last day you have no option than to join them.
This is being done off late to avoid getting other offer
Yeah i agree . People do this. But i think in this situation as well i would need to look for other opportunity anyways..i can't rely on them till my last day.
Without getting an offer how are you going to resign from current company?
I have faced this from 3 companies. I cleared HR round for Lexmark, Accolite and other product companies on last month. None has released offer yet and saying under consideration. I haven't resigned yet.