Compensation & PerksSalary Advice

How to Decline a Job Offer due to Salary?

Recently, grabbing a job offer has become a cupcake due to the competitive market. But, it doesn't mean one must accept the job offer if the company offers a salary lesser than expected. Declining a job offer can be challenging in the first place, and if it's due to the wage, it's even more nerve-wracking. Companies that allocate a salary budget for every new hire might not be ready to offer competitive salaries for some positions. Therefore, some professionals reject the job offer as it is too low compared to their expectations.

 

While the candidate can negotiate for the salary or the perks and benefits. What if the company isn't ready to offer the expected packages for the candidate although the negotiation happens? No other option than to reject the offer. In this blog, let's understand why professionals reject the job offer, whether the salary is a reason, and how to turn it down.

  Content List     Latest Updates  
  • According to the en world India survey, the IT Industry (Information Technology) faces the most job offer declines at 32%. This is followed by the Offshoring sector (nearly 30%), which also recruits IT, professionals. After the IT & offshoring industry, the Engineering industry is also gripped by this challenge (25% Job decline ratio), followed by the BFSI industry.
  • ET India's offer dropout is as high as 55-57% for specific roles. Recruiters point out that in pre-Covid days, the average was as low as 10-12%. Companies, on their part, are making counteroffers of 60-120%, compared to a maximum of 30-35% last year.
  • As per the Glassdoor study, candidates in professional and technical industries like business services and information technology reject 19.4% of job offers compared with 14.8% in other sectors.
  Read article: How to handle a salary counteroffer? 

Significance of Declining a Job Offer

 

Getting a job offer is a joyful moment in everyone's part of life most of the time. But sometimes, you won't feel the joy and excitement, as you will stay in the chaotic situation of accepting or rejecting the job offer for some reason. Trust me; there are some excellent things in rejecting the job offer. If you receive a job offer that provides compensation lower than the market rate, you might get stuck into underestimation and get paid low for a while. The job offer can arrive with a lot of deductions in your salary package. You would have accepted the job offer in the first place, but once getting to know about the company culture, work environment, and career aspects that disappoint you, stick with the company only for the sake of salary or the job opportunity isn't worth going.

 

After knowing that the company isn't doing good in the market, it is terrible for any candidate to be associated with it. A company that isn't flexible for the employees and follows a strict work culture can act as a barrier to the productivity of an individual. After working harder for years, still, the company isn't ready in processing the promotions for an individual isn't encouraged. Getting associated with them and working for the same position for the long term can ruin your career. As you might be getting a good hike or compensation in your job offer, working in a toxic environment with a bossy culture can squeeze your career growth.

 

Why Should You Decline a Job Offer?

 

"Recognize your own worth and you won't be drawn to those who don't see it" - Doe Zantamata.

 

Declining a job offer isn't everyone's cup of tea. One must understand their actual value before taking up any decisions. It's hard to turn down the offer as you have bills to pay and other commitments to be managed. Before accepting the offer, you must thoroughly understand every company details, your role inside the company, and much more. During this process, you may come across many inconveniences or things that don't match your requirements. Once it doesn't suit your preference, it's time to give up the call. The reasons can be many, but the solution is pretty simple.

 

So, let's understand some of the reasons to decline a job offer, If you doubt accepting the job offer, then any of these factors could be the reason for it

 
  • Sometimes the range of salary a company negotiates to pay can be below or less competitive than the market rate
  • Companies aren't offering you any personal or professional benefits like ( Health insurance, Paid time off, Commuting privileges, Subscriptions)
  • No room to develop your skills and take responsibilities; instead, follow the rule of hierarchy and survive in the toxic environment
  • Having a bad company and work culture that demotivates you to continue working with them
  • A company that isn't flexible for the employees to work on new things or challenges at any time, any place, and at state
  • The manager who leads you behaves so severely and never understands your concerns
  • Had a bad interview and onboarding experience with the company as it reflects the company culture
  • Getting another job offer that satisfies all your wishlist more than the one you have at present
  • Getting to know about the workplace, company culture, compensation, work hours that seem so hard and unpleasant
  • The roles and responsibilities seem irrelevant to what you are looking to work for
  • The work location seems so distant that it makes inconvenience for you to support from the premise
 

How to Decline a Job Offer Due to Salary?

 

When it comes to job offers, salary is not the one thing that counts. Other factors include work location, company reputation, perks, and benefits. But it doesn't mean that you must accept the job offer that provides compensation lower than expected. Especially the one that the candidate looks to work on. Many of you may wonder how to decline a job offer due to a low salary.

  Let me add some of the steps for you to follow while declining a job offer.   Show Your Gratitude:  

As a job seeker, you must show your gratitude or appreciation to your hiring people by thanking them for allocating time to considering your CV, resume and shortlisting it. One may never know about the existing opportunity or the person as it can help you in the future.

  Decision Making:  

Before letting down the job offer, you must think carefully about your choice and decision. You must think about the pros and cons of declining it. You can also compare your job offer with the other jobs in the market and understand your true worth.

  Good Reason:  

You must be able to provide an excellent reason to turn down the job offer. Say about the company's positive aspects and convey your inconvenience of accepting the job offer. Never say any negative things about the company to the hiring people as it creates a wrong impression on you.

  Salary:  

One of the main reasons for dropping down the job offer is salary. You can negotiate your salary with the hiring people of the company that offers a job. But if they aren't ready to accommodate you with your preferred one, it's better to call off and look for the other one. You can convey to them that salary isn't up to the mark you to take up the charge in the company.

  Short and Professional:  

In recent times, many recruiters have started facing rejection emails from candidates due to their reasons. If you are planning to decline a job offer keep your rejection mail short and to the point instead of dragging it longer.

  Explain Your Decision:  

You can speak with the hiring team directly, convey your reason and politely decline the job. By providing your reason you can give chance to the recruiter to offer a counter offer which allows thinking about accepting the deal.

  Understand Your Expectations:  

Make sure to research your salary expectations with an average salary earned by the professional in your role. You need to consider your educational qualifications and work experience across different levels. You can understand how one gets paid for the same position across various organizations and appreciate your actual value.

  Read up: How can you use your targeted salary to narrow down your job search?

Should You Decline a Job Offer Due to Low Salary?

 

Definitely Yes! Getting a job offer is such a great feeling after going through multiple interviews. But when the offer comes with a lower salary than expected, it makes you feel disappointed and unacceptable. It makes every candidate feel that the power of framing the payroll entirely depends on the employer more than the candidate. The candidate must bridge with the prospective player who is ready to offer as per the current market conditions. So, it's an excellent decision to turn down the offer instead of regretting the low paycheck.

  Conclusion:  

As mentioned above, declining a job offer isn't easy. But one must understand that you can gain many things if you lose something. Likewise, getting committed to a job that offers pay less than the market conditions can ruin your career and makes our efforts so invaluable. So, you need to evaluate every metric mentioned above and consider the job offer before accepting it.

 

FAQs

  1. How do you turn down the job offer due to salary?  

If you are sure to decline the job offer, consider saying, "I appreciate your offer and time", but I can't accept the salary for the job that you provide. If the compensation can be negotiated, please do let me know.

  2. Do you have to give a reason to reject a job offer?  

Yes, one needs to give a primary reason for dropping the job offer. It makes the employers understand the real reason and find a solution to sort the issue instead of saying nothing and going with the other offer.

  3. What main factors would make you turn down the job offer?  
  • The pay is below the market value
  • The benefits aren’t working for you
  • Bad company culture
  • Not flexible
  • The commute is a killer
  • Employers are unreliable
Show More

Leave a Reply

Your email address will not be published.

Back to top button