is it fare to get a bidding war started - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




is it fare to get a bidding war started

Reply
 
Thread Tools
  #1 (permalink)  
Old 22-11-2014, 11:11 PM
Verified Member
 
Join Date: Nov 2014
Location: Singapore
Posts: 28
samantha_wong is on a distinguished road
Default 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?

Reply With Quote
  #2 (permalink)  
Old 23-11-2014, 12:05 AM
Unregistered
Guest
 
Posts: n/a
Default

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.

Reply With Quote
  #3 (permalink)  
Old 23-11-2014, 09:01 AM
Unregistered
Guest
 
Posts: n/a
Default

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.

Reply With Quote
  #4 (permalink)  
Old 23-11-2014, 03:26 PM
Unregistered
Guest
 
Posts: n/a
Default

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.
Reply With Quote
  #5 (permalink)  
Old 24-11-2014, 07:37 AM
Verified Member
 
Join Date: Jun 2012
Posts: 19
Intercontinental is on a distinguished road
Default

Nothing wrong. Wonderful if you can get that.
Reply With Quote
Reply

Bookmarks

Tags
bidding war

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Getting started in investment oldmasterq Investments and Net Worth 11 01-10-2018 09:53 AM
Just started my first full-time job, no friends at work does it spell disaster? Lincoln88 Income and Jobs 29 04-07-2013 04:11 AM
How do I fare, and what should I do? twentysix Investments and Net Worth 60 06-01-2012 01:34 PM

» 30 Recent Threads
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
290 Replies, 117,760 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
602 Replies, 477,206 Views
Lawyer Salary ( 1 2 3... Last Page)
14,895 Replies, 5,054,819 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
199 Replies, 51,414 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
666 Replies, 335,338 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
3,952 Replies, 1,514,683 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,059 Replies, 775,718 Views
GovTech ( 1 2 3... Last Page)
729 Replies, 383,752 Views
How is life as a doctor in... ( 1 2 3... Last Page)
3,235 Replies, 1,534,806 Views
Changi Airport Group ( 1 2 3... Last Page)
419 Replies, 405,786 Views
Year end bonus for civil service ( 1 2 3... Last Page)
345 Replies, 71,624 Views
ST Electronics ( 1 2 3... Last Page)
2,409 Replies, 643,859 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
551 Replies, 320,772 Views
NUS (National University of... ( 1 2 3... Last Page)
144 Replies, 128,800 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,861 Replies, 4,482,353 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
844 Replies, 245,520 Views
Whats your net worth ( 1 2 3... Last Page)
2,870 Replies, 987,325 Views
Compare civil service salary ( 1 2 3... Last Page)
12,968 Replies, 7,661,148 Views
Owning a car in Singapore - the...
1 Replies, 900 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,541 Replies, 767,741 Views
Roles in accenture singapore ( 1 2 3... Last Page)
2,182 Replies, 586,590 Views
SIA AO grades ( 1 2 3)
26 Replies, 12,805 Views
GovTech Tech Associate Program... ( 1 2 3... Last Page)
180 Replies, 56,118 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
2,808 Replies, 2,164,535 Views
Citibank Singapore ( 1 2 3... Last Page)
172 Replies, 115,195 Views
Standard Chartered International... ( 1 2 3... Last Page)
70 Replies, 78,411 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
932 Replies, 293,552 Views
Career at Keppel
4 Replies, 1,432 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,930 Replies, 648,771 Views
IMDA (under MCI) ( 1 2 3... Last Page)
213 Replies, 81,721 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 09:43 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2