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Elementary,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 388 Weeks Ago, 1 Day Ago |
| Questions Answered: | 20103 |
| Tutorials Posted: | 20155 |
MBA, PHD
Phoniex
Jul-2007 - Jun-2012
Corportae Manager
ChevronTexaco Corporation
Feb-2009 - Nov-2016
fWhen qualified applicants are scarce, recruiting becomes extremely competi-
tive, particularly when two companies go after the same candidate, as often
happens in the case of searching for professionals.
After interviewing three short-listed candidates, a high-tech company,
Company X, made an offer to one and advised the other two candidates that
they were unsuccessful. The successful candidate was given one week to con-
sider the offer. The candidate asked for a week's extension to consider the
offer but was granted only an additional three days.
At the end of the time period, the candidate verbally accepted the offer
and was sent a contract to sign. Rather than returning the signed contract, the
candidate informed Company X that he had accepted a position at Company
Y. He had received the second offer after verbally accepting the first position
at Company X. The second company knew that the candidate had verbally
accepted Company X's offer.
Before accepting Company Y's offer, the candidate had consulted
a respected mentor who advised him to ignore his verbal commitment to
Company X and to accept Company Y's offer. There were no substantial dif-
ferences in the salaries being offered by each company or in the work that each
would expect the candidate to perform. The candidate simply saw Company
Y as the more prestigious of the two employers
4. Did company Y act ethically, knowing that the candidate had verbally accepted another offer?
5. Does a verbal acceptance constitue a legal binding contract?
6.Should company X take any action to enforce the verbal commitment?Should it take any legal action against the candidate or Company Y?Why or why not?
8. How can situation like this be avoided?
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