The caller is more concerned than he should be about declining an offer he's already accepted. Employers rescind offers without giving it a thought.

"With regret, my circumstances have changed, and I am no longer able to accept your generous offer".

This happened to me too. Company A offered me a job. Company B scheduled two interviews (for two different positions) with me after I accepted the offer from “A” but before I started working for them. I worked for “A” for about four months and it became clear to me it wasn’t a good fit for me. When “B” finally made me an offer I jumped on it. Almost four years later I’m still with “B” and happy I made the switch. The experience taught me to keep your options open for the first few weeks after you start at a new company. It takes time to ramp up the job search process.

I took a job with his "company B" thinking that there would be so much opportunity for growth because they're a newer company and the money was better, and I was completely wrong!! The disorganization that Dave described was too much to try and deal with and I was miserable. Went to work for a "company A" nine months later and I've been so much happier! Even with much less pay.

There are so many more factors to consider - for example how many hours of work are required at each company. Finance jobs can come with a lot of unpaid overtime.

A disorganized hiring process is a massive red flag. Having been on both sides of it, I see how it can happen, but it’s a huge red flag. An effective startup should be able to move MORE quickly and decisively, not less.

Shows like this remind you of why Dave is the Top Dog. Ken gave one answer initially then pivoted when Dave brought up key points.

I just declined a job I thought I wanted. They flat out refused to answer questions I had, sending me to the internet to query further. What I discovered made me not want to work for that company.

I took a pay cut some years ago to work for a better company. It was one of the best decisions I made. It was a $13k pay cut. I learned and grew so much!!!

I personally thrive better at smaller companies BUT I hope he’s prepared to do more work than what he may be expecting. I wear many more hats at my smaller office than I ever did at the larger companies.

“For $15K I’m not doing it”…well I guess it depends if it’s 50K to 65K or 185 to 200…

I can tell you this, I had a job with a global construction products manufacturer until they had a merger and laid me off after 12 years. They were a VERY well organized, highly competent, process oriented, exacting company. There were very few unknowns, always a procedure for every situation, and I knew what was expected of me. Today, I work in same industry, similar jobs, same/similar customers, but with a small and unorganized company. I make $40K more than the first job. At a $40K pay disparity, if I had the opportunity to go back to my first job, I would not go back. If the pay differential was only $15K? I'd go back in a heartbeat.

Didn't watch the vid but if companies can rescind offers then certainly you can change your mind after you have accepted the position.

Basically, you have to ask yourself, if both offers were equal in salary / benefits, which one would I choose. If you decide to go with Company B, be honest and upfront with Co A and let them know sooner rather than later.

Companies (HR) are used to this, esp. right now with unemployment so low. I would'nt lose sleep over telling the other company you are rejecting their job offer. I talk to the HR lady at our company, and she said she gets people that accept job offers, than don't even show up to their first day of job, so giving them any notice, even by email, they will be happy with. It's a job/corporation, it's not like dumping your girlfriend/wife out of the blue.

How about negotiating salary with Company A based on a higher paying offer? Can't even believe Ken Coleman didn't bring this up!

Most companies are disorganized. When I decided to retire I pushed management to get someone to replace me and give us several weeks together to make the hand off. I did this because I cared for and respected my teammates and didn't want them to suffer. If I had been going to another job, there might not have been enough time to bring a new guy/gal up to speed.

Take the one that's better for you. They both have a hiring pool of good candidates so there's definitely a backup. I accepted an offer at a company several years back. Got a better offer from my current company that I'm working for. Had to tell the first one no. Worked out well.

Money wears off quick especially if the company isn’t stable and doesn’t have a good culture and/or business model. Constant layoffs and leadership turnovers are major red flags.

I went from large to startup. BEST decision I ever made.

Take the offer from company B to company A and see if they will match it...if they do company A..if not go B. It's a no brainer.

Almost 1000k extra a month would have me.

I love how these guys played the tape through. Great video!

Also to consider is some of the smaller things like how long of a lunch do you get, what is the start and stop time, does the company actually give breaks, etc… If they offer benefits, are those benefits through a good company or not.

He just didn’t want to admit it was the 15 k only.

Great great discussion! I have the same dilemma on a much smaller scale. So I'm going to rescind my acceptance of the lower paying job. I wanted to stick to my word but...

I am in the same position right now. The salary is basically the same However, company B comes with more benefits and seems that it's doesn't feel like a corporation in a good way. 1- more breaks (and kinda can have your own break whenever you want as long there is nothing that has to be done) 2- less work 3- a salary increase every 6 months or so 4- I work in chat support, however company A requires making some calls (and I hate making calls) Also company A seems more Demanding it's serious, however company B is for an entertainment service app and does not seem to be demanding. (don't forget that I can decline company A, but they would most likely put my name in their black list I won't be able to apply for them again)

Dave, you are such a good shepherd. You always give sound real advice. Thank you.

Was in the middle of interviews at Carvana when the layoffs happened. They still had other recruiters reach out to continue the process.

I would say go with which you want most. I am in a similar siutation atm. I got two companies on my plate. Ones already given me an offer, but waiting to hear back form the other, but they are delayed in getting back to me. They are my prefered choice tho. So I;ve accepted the one now, but I think if I do get an offer from my dream one, I would defo go for that one.

If I used to live in Grand Rapids and if this was with Spectrum Health, don’t go work there.

Crazy but I am going through the same predicament. Thank you

I liked how they worked through this with him.

Walked away from company a to get better pay from company b. Not happy and seriously contemplating going back and taking a pay cut and losing out on better benefits.

Im in the exact same scenario and i guess dave made a point about established vs startup culture

Ethical and fantastic advice.

Why does a senior finance guy have to call into a show for advice? 😂 $15k is $900 a month after taxes difference. Not that big of a deal. Take the easier, less stressful job (whichever one it is).

Nothing ethical about it. Pick the one you enjoy doing. And factor in the pay and benefits.

Sounds like a great position. Go back to A, and let them know that he received an offer from B, ask them if they can match it, go with A.

I work in the defense industry and signed an offer a few days ago. I just received another offer with another company for $15,000 more . And a closer drive . I’m torn because both will be amazing for me . Only difference is the salary , distance and minor company benefits i guess

I'd try to tread water with A and delay things to see how long I can hang onto the offer just in case.

First guy: gives long thought out response and good advice. Dave: how much money is it Lol

This is my situation right now I accepted company b and start on August 1st but I just got an offer letter from company b which is the job I really wanted. I'm calling company a on Monday and explaining how all this came about happening.

What’s there to feel bad about? Take the best offer and keep it moving. Company A has back up plans and will be just fine

I was waiting for them to mention salary. $110k vs $125k is definitely worth making culture an important part. $45k vs $60k would have been a different discussion

Also, why did the previous person quit?

Also what’s the ceiling for each role? If option A starts at 110k but has the potential for 140k and option b starts at 125k but caps at 130k that’s something to consider

I know some people changed job from great resignation, didn’t hear any complaint about it, all I hear is they liked their job now way better so not sure where they get the regret thing from

Take the best offer, it’s not a moral question.

"I'm a Christian." Usually what someone says before they throw someone under the bus. That said, I agree with Dave's and Ken's advice.

You can decline. Its at will employment. Can leave or get fired anytime. You don’t want to waste your time at a job you don’t really want. Does your employer no good if you don’t wanna be there anyways.

I think that your caller needed to totally disregard the salary difference, and focus only on the work environment. I’m retired now, but 20+ years ago I went from an international corp S&P 500 company to a privately held business. I lasted less than two years. The disfunction in leadership was unbearable to me. I went back to a corporate environment to finish my career.

Hopefully A would offer the same!

I will tell you, the job I made the most money at is where I was most unhappy. Sometimes, you can take a lower pay and be happier. Go with the work you want and take the pay you get.

Take the higher offer and see if the other company will match it or at least split the difference.

If A was competent they'd wait until you begin working before rejecting the other candidates

New game: take a shot every time this guy says "uuuuhhhh".

Look for company C… if a company is disorganised it’s not worth your time.

30% are regretting means 70% are not regretting. Seems that making a move is better based on this stat

Already accepted then Just renegade. HR won’t care but won’t employ you again

I would go with company A because they seem more organized. Do not work in a disorganized place just for 15k more. Not worth it, imo at least.

Never asked about benefits or retirement plans

I love money and I chased more money but recently I declined an offer that was 10k more without any problem. 10k or 15k is really not much per paycheck. If we are talking 30% or more then that's more meaningful

His take home after taxes would be around 10k more per year. So is not that much of a difference.

What no, "better than I deserve". I am shocked!

The grass isn’t always greener on the other side

Also what are the difference and cost of the benefits 🤔

A good problem to have 😃

I wish I had watched this going from a SP500 company to a start up! OMFG I hate start ups now! You really need to have the energy to burn with a start up!

I think if he is not comfortable in company A he has to give it try with calculated risk. Follow your passion take a risk and see it….

How do I get advice from them ?

Easy. Just say you’ve changed your mind. Companies rescind job offers all the time. But, be prepared to never be able to work there in the future.

The umm game

Tell them sorry another offer came up..(more money..)..( if they ask)

M I the only one that lost as to which job was a and b a few minutes in 😅

News flash. These companies don’t care about you. Will replace or lay you off in a heartbeat. Easy decision for me.

"15k is not worth it" THAT IS LITTLELY SOME PEOPLE YEARLY EARINGS IN AMERICA

I would take company’s B Offer and ask company A if they can match company’s B Offer. If not take option B if you are not happy with company stay at company B get some more experience and apply somewhere else.

If youre going to go b, may be worth saying to A that they offered more and see if they can match it or maybe even increase just a little. May get the best of both worlds.

Just be professional about it and let them know ASAP. If someone offers me a lot more money the day after I accept a previous offer, I'm taking it all other things being the same. You start talking $10's of thousands of dollars - it can be life-changing.

I did this to sygma.

Company b is not a mess because someone left.

This is where I disagree with many people. I would always the money 💰.

Go for the money, F all else. You don't owe anybody anything and nobody owes you.

Nice

Ugg, this just happened in my office for a key role and the downstream effects have been terrible. Please don't abandon a job that you have already accepted unless the reason is extremely compelling!

15k more that’s nothing especially in a recession and inflation it’s Pennie’s

Flip a coin , it will not give you the answer but it gives insight to what you were hoping for.

Who cares people call Dave Ramsey for the craziest stuff who cares what company you go work for your name ain't on the door

Preacher from Chicago goes and meets a pulpit committee . He goes home and tells wife it’s in Hawaii will make double pay . She says what should we do ? He says go to living room and pray . She says what are hon gong to do? I’m going upstairs to pack.

This is actually more of a legal question than a financial question. I would want to double check that he did not sign any documents and the language involved because depending on the type of hiring contract involved he could be legally liable to the 1st company. If it's just a phone call or email that said he accepts the job offer he could still be liable legally BUT definitely if he signed anything. I'm not sure why he called them for this type of advice (smh). This is a legal shield question lol. Sure the fist company could not really do anything but still.... But it's not personal; they do sound like they are a hot mess.

Go with established company

15k is a lot of money to some ppl

Just take A not B

Luxury problems

15K is a huge difference, what are you talking about? lol

Stay with A.

or go to co A and ask for the 15k. if not, just stick with co B. always follow the money.

Uhm… uhm… the fact that he got past the interview process with this many unintelligent inputs instead of pausing is wild af.

Umm. Umm. Ummmm