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Do you need to sign the dotted line as soon as possible?

 
#1 Do you need to sign the dotted line as soon as possible?
26/02/2013 13:25

Zorba

Well, I have got few offers – one small niche consulting firm down south, other a BIG 4. But I am still waiting on another big 4 to come back with formal offer.

Of course I do understand that the wait cannot go on forever and one need to sign but how long can you delay the confirmation? Is this considered negative by the future employer?

All I want is bit time to make a more informed decision.

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#2 RE: Do you need to sign the dotted line as soon as possible?
26/02/2013 13:33

tom1 to Zorba (#1)

The offer letter will say how long you have. some firms may try and put pressure on you. My personal advice would be to almost avoid them where you can, as when you get into a conversation about the delay its hard not to say "im waiting on another offer".

Although you see it as making an informed decision, hiring firms will see it that they are a 2nd option.

One thing I would ask is; Why do you need to wait for the other offer? Is it purely money-driven? Surely you know enough about the firms to make an informed decision prior to getting it in writing?

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#3 RE: Do you need to sign the dotted line as soon as possible?
26/02/2013 14:04

Zorba to tom1 (#2)

The offer letter will say how long you have. some firms may try and put pressure on you. My personal advice would be to almost avoid them where you can, as when you get into a conversation about the delay its hard not to say "im waiting on another offer".

Although you see it as making an informed decision, hiring firms will see it that they are a 2nd option.

One thing I would ask is; Why do you need to wait for the other offer? Is it purely money-driven? Surely you know enough about the firms to make an informed decision prior to getting it in writing?

Say I don’t know all about benefits, pensions, bonus schemes etc. Location is also point of some on-going discussions. Money is a contributing factor as well (difficult to change your base once you join) –Ideally would like to have all final offers in front of me (Hey ho!)

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#4 RE: Do you need to sign the dotted line as soon as possible?
26/02/2013 14:07

Bushy Eyebrow Partner to Zorba (#3)

Why not say "Why did you give me until -date- to return the contract if you want me to do it right now!" Followed by taking the other offer, obviously - given that bridges will have been burnt then. LOL

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#5 RE: Do you need to sign the dotted line as soon as possible?
26/02/2013 14:38

tom1 to Zorba (#3)

Understand your point.

Re benefits, big 4 benefits don't have much difference between them.

You could let the one you are waiting to hear back from aware of current offers (maybe slightly increasing what they actually are) and see if you can get a little increase before you even get anything formally.

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#6 RE: Do you need to sign the dotted line as soon as possible?
26/02/2013 15:18

Camster to Zorba (#1)

I think you pretty much know what you want :)

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#7 RE: Do you need to sign the dotted line as soon as possible?
26/02/2013 15:29

marsday to Zorba (#1)

Sign whatever you want to. Until you actually step foot on to company property or a client premises under the auspices of the employer then no contract has actually been formed.

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#8 RE: Do you need to sign the dotted line as soon as possible?
26/02/2013 16:15

Zorba to marsday (#7)

Sign whatever you want to. Until you actually step foot on to company property or a client premises under the auspices of the employer then no contract has actually been formed.

Thanks Marsday.

All these years, I always thought that once you sign the paper work and send it back, you cannot change your mind and you are listed internally as permanent employee by the employer. Well its good that I was wrong.

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#9 RE: Do you need to sign the dotted line as soon as possible?
26/02/2013 16:23

tom1 to Zorba (#8)

Just make sure you don't screw over anyone too badly as you never know when you may want to go back/apply again!

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#10 RE: Do you need to sign the dotted line as soon as possible?
26/02/2013 16:28

marsday to tom1 (#9)

The Big 4s wont care too much - soon forgotten. The niche firm will remember it only too well.

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#11 RE: Do you need to sign the dotted line as soon as possible?
27/02/2013 06:36

CheckingOut to marsday (#10)

Send a holding letter in the form of a Thank You note.

- Acknowledge receipt;

- Confirm you are reviewing the contract and any exclusions (eg conflicts);

- Confirm you are tidying things up with current employer;

- Confirm contract will be returned once points 2 and 3 are sorted.

That should give you at least 5 to 10 working days whilst you chase up other/better offers.

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