Levels Tought:
Elementary,High School,College,University,PHD
Teaching Since: | May 2017 |
Last Sign in: | 261 Weeks 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 oftenÂ
happens in the case of searching for professionals.Â
After interviewing three short-listed candidates, a high-tech company,Â
Company X, made an offer to one and advised the other two candidates thatÂ
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 theÂ
offer but was granted only an additional three days.
At the end of the time period, the candidate verbally accepted the offerÂ
and was sent a contract to sign. Rather than returning the signed contract, theÂ
candidate informed Company X that he had accepted a position at CompanyÂ
Y. He had received the second offer after verbally accepting the first positionÂ
at Company X. The second company knew that the candidate had verballyÂ
accepted Company X's offer.
Before accepting Company Y's offer, the candidate had consultedÂ
a respected mentor who advised him to ignore his verbal commitment toÂ
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 eachÂ
would expect the candidate to perform. The candidate simply saw CompanyÂ
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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