Of course, the job offer is more than just money. It can be composed of geographic assignment, duties and responsibilities, training, benefits, health and medical insurance, educational assistance, car allowance or company vehicle, and a host of other items. All of this is generally detailed in the formal letter that presents the final job offer. In most cases this is a follow-up to a personal phone call from the employer representative who has been principally responsible for your hiring process.
That initial telephone offer is certainly binding as a verbal agreement, but most firms follow up with a detailed letter outlining the most significant parts of your employment contract. You may, of course, choose to respond immediately at the time of the telephone offer (which would be considered a binding oral contract), but you will also be required to formally answer the letter of offer with a letter of acceptance, restating the salient elements of the employer's description of your position, salary, and benefits. This ensures that both parties are clear on the terms and conditions of employment and remuneration and any other outstanding aspects of the job offer.
The condition of the economy, the job seekers' academic major and particular geographic job market, and individual needs and demands for certain employment conditions may not provide more than one job offer at a time. Some job seekers may feel that no reasonable offer should go unaccepted for the simple fear there won't be another.
In a tough job market, or if the job you seek is not widely available, or when your job search goes on too long and becomes difficult to sustain financially and emotionally, it may be necessary to accept an inferior offer. The alternative is continued unemployment. Even here, when you feel you don't have a choice, you can at least understand that in accepting this particular offer, there may be limitations and conditions you don't appreciate. At the time of acceptance, there were no other alternatives, but you can begin to use that position to gain the experience and talent to move toward a more attractive position.
Sometimes, however, more than one offer is received, and the candidate has the luxury of choice. If the job seeker knows what he or she wants and has done the necessary self-assessment honestly and thoroughly, it may be clear that one of the offers conforms more closely to those expressed wants and needs.
However, if, as so often happens, the offers are similar in terms of conditions and salary, the question then becomes which organization might provide the necessary climate, opportunities, and advantages for your professional development and growth. This is the time when solid employer research and astute questioning during the interviews really pays off. How much did you learn about the employer through your own research and skillful questioning? When the interviewer asked during the interview "Do you have any questions?" did you ask the kinds of questions that would help resolve a choice between one organization and another? Just as an employer must decide among numerous applicants, so must the applicant learn to assess the potential employer. Both are partners in the job search.
Reneging On An Offer
An especially disturbing occurrence for employers and career counseling professionals is when a job seeker formally (either orally or by written contract) accepts employment with one organization and later reneges on the agreement and goes with another employer.
There are all kinds of rationalizations offered for this unethical behavior. None of them satisfies. The sad irony is that what the job seeker is willing to do to the employer-make a promise and then break it-he or she would be outraged to have done to him- or herself; have the job offer pulled. It is a very bad way to begin a career. It suggests the individual has not taken the time to do the necessary self-assessment and self-awareness exercises to think and judge critically. The new offer taken may, in fact, be no better or worse than the one refused. You should be aware that there have been incidents of legal action following job candidates' reneging on an offer. This adds a very sour note to what should be a harmonious beginning of a lifelong adventure.