{ "media_type": "text", "post_content": "Many candidates reject an offer from a company after getting the offer letter because they got a better offer elsewhere. So companies say that this costs them a lot. I want to understand what is this cost. Its not like they had to pay a person some money even if the candidtae didn't join. Also the joining bonus is paid after a candidate joins and is usually returned if left before a yr. So what cost do they talk about?", "post_id": "6239da4eb5d1a60026050a7e", "reply_count": 52, "vote_count": 17, "bowl_id": "5f7ce32d622aa4002f22c104", "bowl_name": "Big 4 Discussions!", "feed_type": "bowl" }
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Many candidates reject an offer from a company after getting the offer letter because they got a better offer elsewhere. So companies say that this costs them a lot. I want to understand what is this cost. Its not like they had to pay a person some money even if the candidtae didn't join. Also the joining bonus is paid after a candidate joins and is usually returned if left before a yr. So what cost do they talk about?

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It may sound controversial, but I just want to put up my experience about PWC,went through number of rounds ,all went very well.HR discussion also done and submitted docs as well then HR told me that he will first send an intent letter and final offer letter will be released in the week of joining,I agreed and after that didn't get any call or email from HR, lastly I called and heard that my existing salary is even more than their pay scale so they can't take it forward.Even cctc details I sent to recruiter before scheduling the rounds and same has been discussed with partner while going through final round.

It took 3 weeks almost so was this not wastage of time and hope..

Things are same for both(Companies & Employees),Better option will be always prior out of.

likefunny

HRs are the worst.

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Since everyone were posting their experience I thought of sharing my bit as well. Couple of months back I got a call from TCS and I was interviewed and cleared the technical round.
Then HR sent me an email to complete formalities by filling the details and submitting document.
If you don't know TCS has this weird process where there will be one hr who checked the application and another hr who will be calling you simultaneously for salary negotiation.
There is a certain section in the tcs portal ibegin where they ask you to put in your desired CTC. It's a deal breaker because whatever you put there will be no room for negotiation at all, if it's more then there is tag that you won't work for less than that and they'll reject you if it's less then it'll be my loss. So I left that section by typing 0 as it's a mandatory field and summited the application. Later I got a call from hr asking what's your expectation I have them a range btw 60-80% of my current CTC which is what is being paid in the market. Then the HR said they won't pay that much we can only pay you max 50% but I'll try to check with management and see like that I said ok. Then i got call from another hr who said I am currently reviewing your application once I review only then your candidature will be moved forward like that and he said to upload few more documents then last point he said to fill the desired CTC on the application and not to leave blank I explained him saying I have already talked to another hr and negotiation is happening but he was very rude saying who is that I am the manager only I have to review this and after I provide the approval only then your application will move forward, I was just asking him if it's possible to leave the application blank and have a verbal communication or once finalized then it can be filled but he was very intent on me adding those details in a very high pitched tone he yelled at me saying whatever you want you need to put there if you want 20% 30% or even 100% of that numerical value has to be entered only then I will proceed further. I was shocked at his behaviour without any politness or civility he was yelling and started arguing. I did not want to talk anymore so I just put the number 50% of the number which I spoke with the other hr earlier and submitted. After that I did not get any calls from TCS for 2 months then i got one call from hr asking me if I am ok for the same position or role I said them I've already cleared the interview and waiting for offer then after one month I got call again from one more hr asking if you've got the offer. It was already 3 months and I already forgotten about it, then i said after submitting doc and details I did not get any offer then they said they'll get back to me after one more week again one more hr called and asked same question I said the same thing then they never called till now I decided even if they would have offered me I would never have gone there. It was a horrible experience they simply not only waste candidates time but also wasting the resources of the organisation.
In the mean time all this was happening I got promoted in my own org. And got 30% hike and now I already have one more offer which is willing to pay 100% of that CTC. So whatever happened was for my own good I believe.

likeuplifting
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My personal view: Companies are greedy so are we. So no wrong from either side.

likesmart

Having working into HR consulting, I will try to answer you. The cost of hiring is basically calculated in terms of time spent in finding a candidate, interviewing them, time spend by everyone(Organization side) involved in the process and cost in terms of lost productivity. Hope this helps. 🙂

likeuplifting

Aren't HRs supposed to do all this? 🤔. It's their job. They are paid for it 🤔

likeuplifting

Two scenarios I had faced
1. Companies take time to release offer, even after interview rounds many HR didn’t respond immediately. Hence have to look for multiple opportunities at a time. Finally all 3 offers I received in a week.
2. One of those 3 companies postponed doj 3days before joining, so had to join another one. What would happen if someone rely on a single company that postpones the doj at the last moment, better to have at least 2 offers with different dojs.

likesmart

Pwc4, add me in the list too.

Companies: we will interview multiple candidates but you shouldn't interview with multiple companies. We will not respond to your queries or even tell you when we're not selecting you but you should always do that for us.

likefunny

I remember Pwc HR gave me a call on 20th Sep 2020 and told me that they want to complete the hiring process immediately and hence they would be scheduling technical and managerial round on the very next day. My notice period was 90 days. I had asked for10-20% less than the avg salary for that post. After everything got finalised and cleared all of the technical and managerial round. And next I know HR didn't give me a call for a month. Post that, when I mailed HR. She said offer letter is yet to be released and has not been approved yet as my expectation was high. And then again a month passed didn't hear from HR. I gave up hope of receiving any offer from PwC. Then suddenly on 30th Nov 2020, she gave me a call at 10:30pm in night and asked if I'm still interested. When I said I'm interested. She told me that they will offer only 25 % hike on my previous employers base salary and currently they are offering the same to my experience and skill set people. I still agreed to it and next Hr didn't gave a call for another month. In between I didn't gave any calls or sent any mail communication to HR as she had reduced my compensation very much. Finally Hr gave me a call and sent me an offer letter at 20% hike on my previous employers base salary on 15 Jan 2021 on weekend and asked me to accept it within two days. And my date of joining would be 5th April 2021 within 80 days. Even though I joined PwC, I'm highlighting my experience and this point that these are the tactics played by a typical HR and how much they waste an employee time. Please refrain from accepting this type of offer as I lost my annual hike and bonus of my previous company. Not only that i also became ineligible for promotion or hike in PwC for next financial year. Also it's always better to have multiple offers in hand.

likehelpful

That's so irresponsible of the HR! I have experienced ghosting from Capgemini HR when they suddenly stopped responding me. Thankfully, as I was doing another process simultaneously, I had a good offer in hand and joined the firm. You're very right, we should have multiple offers in hand because we cannot reply on any one company completely.

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If time spent on activities w.r.t a candidate is the cost which companies talk about then even the employee is paying this cost by preparing for interviews ,discussions and other activities related to his/her onboarding. It is not just one way traffic.

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And companies during HR round ask married females if they have kids, if not planning for kids, if not can give assurance that no plans till next 12 months. Then what for the maternity concept was introduced.
the effort to get job, put up by candidate is even more. We prepare and give interviews while attending calls and work of current company. And In the end after all rounds they ask stupid dumb questions,and say we can't give you that much hike. Where were all their senses before scheduling the interview where ectc is mentioned by candidate.

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I didn't join them

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I am no HR, but I think they mean the time and effort of the recruitment team and hiring managers. Also, finding a similar candidate with matching skill set required for a particular project.

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Additionally delay caused to project n its impact like lost billing Nd danger or losing position or client is cost

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1. Organization require employee to serve 90 days Notice period, but when they are taking they need immediate joiners.
2. Some companies holds multiple candidates for a single role, even if all of them qualifies the interview process. The releasing of offer letter is purely on how much a candidate demands, the lesser he asks and sooner he joins he get the offer. I personally faced this.
3. Even when a person holds multiple offers, ultimately 2nd point is gonna execute by HR 😂. I am not saying all the HR and companies are like this, but some HR and TA makes it complex.

likeuplifting

They don't like when they are treated the same as they treat everybody looking out for jobs, not the whole HR fraternity but some.

Earlier this was not happening HR would ghost or change the terms at the last moment and would literally get away with it without sharing a final conclusion while candidates were left to be disappointed and confused in job search.

But after pandemic and India facing manpower crunch in IT sector it has given power to talents to give the same treatment to HR and explore many more available opportunities.

Because if a company X is lowballing the employee or wasting time there's a company Y who's looking out to recruit the same talent on realistic terms without wasting any time.

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One solution for all this counter offer problem. Every Company should have 2 weeks notice period will resolve this problem 98%

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I got an offer from Deloitte as x. Asked PWC to provide me x+3. After clearing all rounds, hr negotiated salary to x+50k. I chose Deloitte with pride and kicked PWC (pocha work culture).

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Cognizant 1 same here.

Hr and technical interviews take time and time = money, that time could have been used for other productive task for the company.

I feel the real reason for such scenarios is 90 days Notice Period. Everyone knows the real KT happens in the last 2-3 weeks and thus, the unnecessary 90days NP is just to control attrition.
Now, when a candidate somehow gets an offer letter, he starts doing reviewing the market where he stands and in which company he might get the best possible package and work as per his experience. With 90 days NP, he gets ample amount of time to grab more than one offer letters.
I won't judge him/her bcz there r many companies who want early joiners but have 90 days NP in their own companies
If we have just 30-45 days NP, the candidate will not have sufficient time to grab 3-4 offer letters. Also, we won't have companies trying to grab early joining candidates at 5-10% extra CTC than their competitors.

I believe it the cost of hiring you and training you. For hiring lot of process is done in back end and at the same time they spend time and resources to train you

Like time they commit for interview while it is less can't ignore

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