Employers could be forgiven for wanting their favorite candidates to accept a job offer NOW. But new research shows thatputting a time limit on a job offer can have far-reaching negative repercussions.
It’s an employer’s market in many parts of the world, particularly in advanced economies still recovering from the crisis, where unemployment rates hover painfully around nine percent in the United States and the European Union. Consequently, applications flood job openings and employers are at certain liberty to negotiate terms favourable to the company. One common imposition is when firms set tight deadlines when extending job offers to their choice candidates.
[This article is republished courtesy of INSEAD Knowledge, the portal to the latest business insights and views of The Business School of the World. Copyright INSEAD 2024]