Concerned About Backing Out of a Job Offer: What Could Happen Next?

I have been working with the company for a total of 2.6 years, and I have developed a very good relationship with the organization. Recently, I received an offer from Company B, which includes a significant 50% salary increase compared to my current salary. However, the new role would be based in the NCR region.

I proceeded to accept the offer from Company B and completed all the necessary legal documentation, including e-stamp documents. It was mentioned in the agreement that I am obligated to serve the company for 24 months. If I fail to fulfill this commitment, I would be liable to pay an amount of 3 Lac rupees. Upon discussing this with my current company, they expressed a strong desire to retain me and even offered a higher salary than before, in my hometown.

After careful consideration, I have realized that staying with my current company would be more beneficial for me than moving to the new Company B. I have decided to decline the offer from Company B and continue with my current employer.

I would like to know if there could be any potential repercussions from Company B for rejecting their offer and not joining them. Your prompt response would be greatly appreciated.

Thank you.

Considerations Before Accepting a Job Offer

This comment does not answer your question. As a layman, I wonder why people go and sign documents without discussing the offer with their present firm!

Long ago, my friend faced a similar situation. A company had offered him a 30% pay rise. His wife was expecting, and she did not want him to change jobs, as he had been without a job for 9 months only about 18 months ago. The firm he was working for was a large one, and the company that offered him the job was small, though it was nearer. He informed his employers; they offered him a promotion with only a 5% pay rise but a better scale. He accepted the offer and informed the other company that he was not joining them.

Advice for Job Offers

My sincere advice to people who are offered better pay elsewhere is to discuss with their present employers, especially if their relationship is good and they would like to continue with their present employer.

Regards.

As rightly said by Simhan, I would suggest that an employee should consider job satisfaction in addition to salary.

With regards to your query, the forum will not be able to provide advice since the legal terms are not known. If you have a copy of the signed documents, review the legality and act accordingly.

Please elaborate on your query. Have you joined Company B, or are you yet to join? If you have not joined Company B, please speak to the concerned team and inform them of the facts. Hope everything will get sorted out.

Regards,
Leela Krishna

Thank you for your reply. I have not joined Company B yet. Actually, till now, I have not denied any offers. I am very confused. In my current company, there is no work culture. The company is solely focused on making money. There is no infrastructure, no work-life balance, and I have to work around 11 hours a day. That's why I have been searching for a new job.

I found another organization with more than 500 employees in Company B in the NCR region, while my current company is located in the UP capital, Lucknow. There are only around 30 employees, and I cannot see any vision or mission of the company. The only benefit for me in the current company is that in the hierarchy, I am just the second or third person reporting to the boss.

Need Advice on Job Decision

Please, please, please suggest what I should do. I have not been able to sleep for the last two days. I do not have experience with changing jobs.

Thank you.

You have to decide what is important for you: sitting in your hometown in a company whose work culture you don't like, but you are "a big fish in a little pond," or going away and becoming "a little fish in a big pond." From what you have written, the big company does not seem to have any ethics (they have asked for a one-sided bond).

Dear Deepak, I personally think that you should be ethical in your behavior as an employee. It will help you now and later. Once you have decided to leave, please move on. You are not a loser. On top of it, you have signed an agreement. Please stick to it.

Your statement that your current company has no work culture is a cause for concern. If you deny your prospective employment, are you confident whether you will be retained in your current employment for a longer duration? If you are confident that your present employer will not play such a trick, then you can stick to your present employment.

In my opinion, the bond with the new company generally becomes operational only after an employee joins the organization. But you have stated that you have still not joined the company. So you can explain to your prospective employer suitably.

You will appreciate that no job offers a combination of all our expectations. Some jobs offer excellent compensation but do not match our expectations on roles. Some jobs offer good recognition and a role while the compensation does not match our expectations. So you have to decide whether money matters more to you or recognition.

Reading between the lines, you seem to enjoy the position you are presently in (level in the hierarchy). Regarding working hours, I wish to state that most executives will agree that we work for at least 12 hours a day on average. Some event in the recent past in your current employment has prompted you to search for alternative employment. You will have to sit down and analyze the real cause for your exit. It is not the number of employees or the work culture or working conditions. I am inferring this because if these were on your mind, you would have quit this employment soon after you joined. Hence, my suggestion would be to analyze the root cause of your exit and think over whether this condition will not arise in your prospective employment.

The solution lies in your introspection to gain better clarity.

Regards

As you have mentioned that you have signed the legal documents of company B and you are still with A, dual employment is against the law. It can lead B to take legal actions against you. I agree with Snisonko; you have also signed a bond with company B, and they have the right to seek a recovery of 3 lakh from you.

To Shahab Alam, but I have not given my resignation to my current company till now. Could you please explain to me if they have the right to take legal action?

Thank you.

Yes, the company has the right to raise a recovery against you as per the signed bond. I would suggest you check your notice period that you need to serve in case your joining date at Company B comes earlier than your last working day in the current company. You can ask Company B to buy out the same or try to get it waived off by your current employer; otherwise, your background remarks can be negative.

In this case, Company B has the rights to take legal actions.

Legal Implications of Not Resigning

To Shahab Alam, I have not given my resignation to my current company yet. Could you please explain to me if they have the right to take legal action?

Since you have not resigned from the current company and have not joined the new company, you are on the safer side. However, as I mentioned earlier, the forum cannot advise you on legality without reading the bond and its terms and conditions. If you are unable to share the bond in the forum, please consult with a lawyer for advice.