Hi, I would like to know how to manage offer cancelling / reneging. I am now in an awkward situation: I have received an offer from a firm, and I have signed the offer digitally. After a few days, now they want me to sign the hard copy. At the same time, another company I am more interested in gave me an offer, but the official offer will take one week to be released. What should I do now? Should I tell the firm that I've signed offer digitally to wait a few days? Or, should I sign the hard copy now, and then renege it next week? Appreciate your advice.
How to renege offer gracefully?
Overview of answers
Upvotes
Best answer
Hey there,
It doesn't matter whether the the offer is signed digitally or physically. Once you sign (regardless of format), you accept the offer.
If you really want to cancel it, here is what you should do:
- Wait for the 2nd offer to officially come in, so you have a real option
- Tell the 1st company politely and seek their understanding in pulling back
- Once you reach agreement with 1st company, then you cancel the 1st offer and after that you sign your 2nd offer
Before you do all these, do think carefully - is the difference between the 2 firms / offers big enough to worth such effort?
Best,
Emily
Was this answer helpful?
Hi,
In the US and EU the digital copy have exactly the same legal status. So it really doesn't matter.
If the company promised you the offer and you want to accept it - you should just tell this openly to the first company. There is no other way
Best
(edited)
Was this answer helpful?
Hi,
It is a very tricky situation. First of all, take into account that your situation depends a lot on your jurisdiction and the legal nature of the offer. Anyway you would need to mitigate your risks by waiting for your “more desired” offer to be issued before declining your first offer.
Best,
Anton
Was this answer helpful?
Dear A ,
My congratulations to your 2 offers! In this situation I would recommend you to put an absence note to your e-mail and don't respond for e-mail for one week. That means wait till the offer from the other company will be released, because if you reject your first offer, which you already have in your hand, but then second company might rescheduling the starting date and you could be in trouble. Therefore, wait for the second offer and don't do any actions on the other offer. And after you receive you favorable second offer, sign it and agree on the starting date. Afterwards you can take actions on your first offer.
Hope, it helps.
Good luck ,
André
Was this answer helpful?
Hi,
That's a very tricky situation. Ideally you could have avoided this situation in the first place by:
1) Telling the 1st firm you had to think about the offer and
2) Asking the 2nd firm to accelerate the interview/offer process as you had an offer on the table.
I can't advise on what to do next, but in this case you need to consider:
1) Longer term reputational risk
2) Risk of 2nd firm offer falling through
3) How soon hard copy needs to be signed (by the way, at this point there isn't much of a difference morally/ethically/reputationally in terms of the hard vs soft copy)
Was this answer helpful?
Hello!
Couple things here:
- Regardless of digitally or physically, you have already accepted the 1st offer.
- Even if accepted, you can always reject it without more consequences -in most cases, but read the fine print and also double check with their HR-.
- If you are sure about the 2nd offer being solid, then respectfully resign from the 1st one:
- You can find email templates in the internet or from business schools to politely reject
- Explain briefly that you found something more suitable
- Emphasis your gratitud towards them once again
Hope it helps!
Cheers,
Clar
Was this answer helpful?
Hi Anonymous,
Can you share what you finally did? I think it would be interesting for other people in the same situation to read what the process was if you asked to withdraw your signed offer :)
Congrats anyway
David
Was this answer helpful?
Related Cases
Expert case by Francesco
Topics:
Our client is SmartBridge, a nonprofit educational institution offering face-to-face tutoring services. The client operates in the US.The mission of SmartBridge is to help as many students as possible to complete studies and prevent that they drop from the school system, in particular in disadv
... (Open whole case)
27.4k
Times solved
Advanced
Difficulty
Expert case by Francesco
Style:
Topics:
Our client is a BlissOttica, an Eyewear Manufacturer that is looking to reach a 10% increase in profits. How would you help our client?
... (Open whole case)
10.7k
Times solved
Intermediate
Difficulty