From the course: Interviewing Techniques for Hiring Managers

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Handling counteroffers and negotiations

Handling counteroffers and negotiations

From the course: Interviewing Techniques for Hiring Managers

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Handling counteroffers and negotiations

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- You've made a compelling offer, the candidate accepted, and you're ready to celebrate. But here's the catch. Just because someone said yes, doesn't mean the deal is sealed for good. The candidate could continue interviewing. Also, counter offers aren't limited to the pre-start period. They can service months into a new hire's tenure with your company. A previous employer might circle back with a sweeter deal or after they've accepted your job. A competitor could approach them with an irresistible offer. In today's competitive job market, staying vigilant and prepared for negotiations at any stage is key to hiring, engaging and retaining top talent. Counteroffers and negotiations are to be expected during your hiring process, especially in the current competitive job market. Handling them well demonstrates your respect for the candidate's value and your commitment to add them to your team. Ignoring or mishandling these conversations, however, can lead to losing top talent, overpaying…

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