Responding to Lowball Offer
I am currently unemployed but doing consulting work for several clients while seeking a full time position. I am in the mix for a few positions and one just extended an offer. The offer is very low (about $30-$35K below expectations and market rate). It is clear they are unable to negotiate a higher salary due to budget restrictions and/or other reasons. While I haven't made a final decision, I am leaning towards declining the offer. My concern is that accepting such a lowball offer will hurt me down the road. If I decline the offer, i will need to do so by phone personally as an exec extended the offer to me personally. In declining, should I be specific about why I am declining or just explain that after careful consideration, the position is not the right fit for me? Any thoughts?
Don't think too much. If no other options, take this offer. You can always stay a year and move on.
Hi Nancy: I completely agree that you should decline the offer. If you're getting lowballed that much, it can REALLY set you back in terms of how much you earn over the years. Think about it - you'll spend years trying to make up for that pay rate, even when you look for other jobs (other employers will ask what you made and then think you're a bargain!). Of course, you should do what's right for you! With regards to what you say, I think it's worth mentioning that you are interested in the role, but you simply can't accept that salary offer because it will set your career path way back. It'd be interesting to see what they say!