is it fare to get a bidding war started
Hi,
Some candidates secure job offers from 2 companies and get the companies to bid higher and higher for them. I think this is unethical. Eg. getting both DBS and OCBC to make offers to you, then approach each of them by turns and say "can you do better? I have another offer." I think such practicals should be banned. What do other say? |
I think it's fair and square that companies should pay for what they think a candidate is worth.
Having said that, I think this kind of strategy works only for those higher level staff that are being recruited. Entry-level staff, management trainees, and other junior ranks - I seriously doubt there will be any 'bidding' war. The banks have fixed salary scales for such lower or entry ranks, and a candidate just have to either take up the offer or leave it. |
dont see anything wrong with that. it's a free market and this is one of the practices that will ensure competitive offers of wages. it is a known fact that most companies seek to suppress remuneration packages (to maximise profit) and job seekers are already at a disadvantage for a lack of a transparent environment.
at the end of the day, the company could walk away if they feel that the candidate is not worth a 'higher bid'. that is also the risk that the candidate bears. it's par for the course and i dont see any ethical issues arising at all. |
In 1997, Mckinsey & Co coined this term, the "War for talents". If you are a talent and is of great market value to these companies, it is a fair and square game to snatch their talent.
|
Nothing wrong. Wonderful if you can get that.
|
All times are GMT +8. The time now is 03:16 PM. |
Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2