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| Income and Jobs Discuss jobs, career options and of course salaries |
Topic Review (Newest First)
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| 24-11-2014 07:37 AM | |
| Intercontinental | Nothing wrong. Wonderful if you can get that. |
| 23-11-2014 03:26 PM | |
| Unregistered | 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. |
| 23-11-2014 09:01 AM | |
| Unregistered |
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. |
| 23-11-2014 12:05 AM | |
| Unregistered |
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. |
| 22-11-2014 11:11 PM | |
| samantha_wong |
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? |
