Turning down an offer

[kerb]

if u have been offered a job from a good company but not the salary u are expecting and the "offer" was just almost the same rate u are getting from ur current job, how do u actually turn down an offer? do u just say "no, no thanks?"?

[DarthScully]

well, i say i'll think about it. from my experience i've learned not to turn down an offer until i'm pretty sure i don't want it or that there is a better offer somwhere. hirap nang walang work eh.

[CaRaMBa]

This is risky, but sometimes it works.

If the company is good, and you're interested in being part of it, and the only problem is that their offer didn't impress you, you can actually be honest and tell them that "Your company is really interesting. Unfortunately, blah blah..." Depends on how you want to say it. But make sure that you do this when you're willing to 'let go' of this company. There's a chance that they won't bother to give you another offer.

As I said, it's risky, but there's nothing to lose, if in the first place you're really supposed to turn down the offer already.

This happened to me already. I was very interested in a certain company, they were happy with my interview but I wasn't happy with their offer. I told them that I would have to decline because I was expecting more. After a day they called again and gave me another offer, much better one - 40% more than the original one. Thing is there was a better opportunity at another company so I ended up turning down the offer anyway.

[kerb]

ive tried it *wink*. it worked. (well i was kinda confident that they really want me...).

thanx for the advice :).. i have a follow up question,

do u have to tell ur real present salary compensation when they ask you? their explanation why they are asking is because they wanted to know kuno if they can/cant afford you. and expectedly, u will be given an offer just relatively higher than ur current "declared" salary. should u or should u not?
the prob is, even if they know u are worth this much $$, its possible for them to under value ur skills.. right?

[Agimat]

Originally posted by kerb
ive tried it *wink*. it worked. (well i was kinda confident that they really want me...).

thanx for the advice :).. i have a follow up question,

do u have to tell ur real present salary compensation when they ask you? their explanation why they are asking is because they wanted to know kuno if they can/cant afford you. and expectedly, u will be given an offer just relatively higher than ur current "declared" salary. should u or should u not?
the prob is, even if they know u are worth this much $$, its possible for them to under value ur skills.. right?


Some HR people already have an idea of what your current salary is, specially for the technical/specialize jobs (programmers, doctors, engineers etc.). I think, annually, some consulting firms publish reports on salary ranges by job classification. They have classifications that estimates the salaries of different job titles at different size of companies.

If you give them a figure whether it is true or not, they would already know your value and if the salary that you gave was within that range for your current job classification.

I just have a suggestion: Compare the total benefits/package that they would be offering to you. Salary is just one aspect of the total compensation that companies give. Ask them about bonuses, no. of paid months, paid leaves, allowances, car plan, housing loans etc.

A P25,000/month on a 16-month per year salary would still be higher than a P30,000/month on a 13-month per year salary.

wants to transfer to another company offering a P10,000 more per month from here current salary. She has a housing loan with his current employer which the new company would take over. Looks like a good offer but the there's one hitch: the new company would charge her market rates for the housing loan (16% - 20%). Her current employer just charge her 6% fix for 10 years. the P10,000 difference is not enough to compensate her for the interest that she would be paying for the loan :)

The bottom line is: don't just look at the salary. Try to make an analysis of the annual package. Do the math on everything that are being offered to you.

[kerb]

hey agimat, thanks a lot for ur advice!. really appreciate it. :)