1. How to turn down a job offer when a new opportunity arises, after you already accepted the job offer:
a. You can’t control the timing of when job offers are extended, you can delay them but not too long.
b. Interviewing can be really challenging and the timing is not always perfect, in fact, when offers are made you might still be interview for other companies, so what do you do?
c. It’s not uncommon to accept a job offer, then days or weeks later, receive another offer, that is more attractive. Maybe at a better company or a company with more growth potential or maybe the second offer is in a better location, or the pay is better.
d. There are a number of reasons you would might reconsider the first offer. But how you proceeded?
2. Here’s a few career tips on how to be – professional and properly manage these business relationships you are building.
a. First and foremost, I always recommend you Never use a second job offer to, up your pay on the first offer, that you already accepted.
b. Now, if you are still in negotiations you can play this card. But if you already accepted a position… trying to revise the offer after the fact… is not something I recommend you do?
c. There is some gray area here:
i. If the first offer was grossly undervalued, and you truly want to work for the company that made the first offer!
ii. If and only if you have a second or even a third offer which are significantly different… speaking with the first company in a way that is more about fact finding and having them clarify why their original offer was so far off, can benefit you!
iii. Here’s the key with this very tactful conversation, never in the beginning of the conversation should you ask them to match the other offers!
iv. Bring up in general terms how much you’re looking forward to starting at their company, yet you do have one concern that you want to clarify.
v. Have a conversation with this first offer company, and let them suggest to revise the offer. But caution here, only have this conversation knowing full well that they may not budge. So always have a fact or two about why you’re looking forward to working with them to end the conversation on a positive note.
3. Now let’s look at the scenario where you already accepted a job offer at the first company and another offer came in later, which you prefer.
a. It’s critical to hammer out all the details with the second offer First! Do all your negotiations, and I always recommend never telling the company making the second offer, you already have an offer on the table.
b. This can come across as dismissive and a bit arrogant. Never say, company X want’s me for this price, so you should pay me Y price! When negotiating at this early stage, never put two companies or offers in direct competition with each other.
c. Now, if the second offer is what you want and all the details have been worked out, accept the second offer, before you turn down the first offer.
4. So now, how do you turn down the first offer?
a. Be professional. Have specifics about the second offer that you can reference if needed, just one or two talking points is fine.
b. Such as, offer X was on the west coast, and offer Y was on the east coast, and you’re going with offer Y now because it will keep you closer to family that all resides on the east coast, something neutral like this is perfect.
c. Just saying, offer Y is more money may look poorly on you and decrease your changes of maybe working with company X later on in your career.