All About Timing
You can achieve the best financial outcome when hunting for a tech job when you are able to land multiple offers around the same time. Though it can be tricky, timing your interviews and offers is crucial for a well-negotiated compensation package.
We'll cover the following...
You can not time the stock market, but you can certainly time your interviews. In order to land the best offer, you must schedule your interviews with different companies in such a way that if successful, you receive all the offers interspersed within a two to four-week span. This is the most crucial factor in gaining leverage when negotiating with companies in the post-offer stage.
One common tactic used by employers is to make exploding offers. An exploding offer is one that sets a tight deadline for the candidate to either accept the offer or risk losing it. The goal is to coerce the candidate into accepting the offer and limit the candidate’s ability to shop around and use the company’s offer as leverage against other companies that the candidate may have received offers from. Hence, if you fail to schedule interviews around the same time, you may end up accepting a low-ball offer under pressure.
Few days later, as Murphy’s Law would have it, you will have an offer from your desired company staring at you in your inbox. This is an extremely common occurrence and confronts folks with ethical and moral dilemmas should they wish to decline ...