Should you wait for a second job offer?

The economic problems that have affected us over the last few years have had a massive impact upon the psyche of those candidates that are job hunting and especially those that have been out of work through no fault of their own. Redundancy can have a massive impact upon self-confidence and there is only so much ‘down time’ that you can have between jobs before you start to become stir crazy as well as getting under your partners feet having done all the decorating that any house could possibly need!

Interviews can be stressful and it’s a relief to get through the process and to be advised that the company will be making an offer. What happens though if you’re concluding one but still interviewing with another company?

Job offers can be like London buses, you wait ages for one and then fortuitously (or not) a couple arrive at once. Over the years we are consistently asked by candidates how they should address this issue and whilst there is no perfect catch all answer, there are a number of issues that you need to think about before making a decision.

The first thing you need to be clear about in your own mind is how the two companies stack up in relation to each other and how that affects whatever time constraints are being placed upon you. The company that has already offered you a role won’t be expecting an instant acceptance but neither will they be prepared to let you drag the process out longer than is reasonable. They have a business to run and need to make plans too. The fundamental questions about the offer that you should be asking yourself are (a) does the role offer me the challenges that I’m looking for? (b) can the company offer me the long term career opportunities that I’m after? (c) can I work with this person as my new boss? (d) does the salary match up to my expectations? If you answer ‘yes’ to all four, then you should seriously be considering accepting the offer!

If you want to pursue the second company then you need to talk (urgently) either with them or the recruitment firm about the time frames that the current and next interview steps will take. If they’re talking several weeks for second and/or third interviews, then it’s decision time for you. If you drag out the first company and don’t get the second offer there is a very high risk that the first offer will be withdrawn and you ‘ll be back to square one. If the second company expect it to be wrapped up within the next week, then you have the opportunity to run with it, but you need to make sure that the first company knows that you will make a decision by a fixed date.

Professionalism is the key to this. You need to manage this well because you never know when you might bump into either party again or whether quite by chance one of them might actually end up your boss one day in the future!

If fortune has smiled upon you, you might now have two offers sitting on your desk, in which case you go back to the four questions that you asked after the first offer. With those out of the way, you should have a much clearer idea of which offer you are going to accept.

If you are in gainful employment you now come to the day when you have to hand in your resignation. A word of warning; as for your current company giving you a counter offer? Forget it. Counteroffers generally end badly; you went out looking for a new job because of problems with your current one. A bigger salary doesn't solve any of those problems and from now on they’ll be keeping an eye on you as they know that you’ve tried to leave once. Say nice things about them in your exit interview and walk away with (hopefully) glowing references.

If you are currently in the job market, then good luck and I hope that everything slots into place for you.

As ever we’re keen to hear from you, let us know your thoughts at blog@chestertongray.com or tweet us at @chestertongray