So quick update, we found a perfect candidate, offered him exactly what he wanted and.....His current employer gave him a promotion and a substantial raise when he went to put in his two weeks. Back to square one. Second time this had happened.. I guess companies are just at a point where the can not afford to loose any employees so they are offering up just to keep them.
I don't really get this.
You're looking for a new job, I assume you've had the discussion WRT promotion/pay raise with the current employer and they've said no can do because <insert reasons here>.
So you get a good offer, you accept and put in your notice and NOW your current employer says 'wait we really value you and here's the money/promotion we told you that you couldn't have.'
I'd be out the door saying it's too late for that.
And I'd also think I'd made an agreement with the new place and going back on that wouldn't sit well with me either.
So - I don't get it really. But I don't play those games.
PDW
Using an offer-in-hand to ask for a promotion/raise isn't uncommon, but I agree it's not a great way to go about things.
The candidate who flaked on
@Micmac1 's offer is taking a risk by accepting the "desperation promotion". He probably has no idea at this point what his true long term value to the company is. He should've brought up raises/promotions a long time ago, and clearly explained how it would mutually benefit his employer.
Once the company's desperation wears off, he'll need to step up to the plate and deliver. A substantial raise calls for a substantial increase in productivity. A promotion is a two-way contract, but a one-way street. People gladly accept promotions but rarely accept demotions, even if they realize they bit off more than they can chew. There's no going back.
As for the company, they've now set a precedent and possibly poisoned the water. How will it affect the rest of their work force, if/when the word gets out? If they really needed this guy, they waited too long to promote. If they're now just covering their asses to get through the next few months, they might be forced to lay him off fairly soon when they find a lower cost replacement. Overall, just a big old mess that could've been avoided.