By now, we’ve all seen the news of job offers being rescinded days before a person is scheduled to start. Unfortunately, at the beginning of most recessions, this employer behavior has been pretty typical. It doesn’t make it right or fair, but the good news is that it’s often a short-lived reaction.
Those impacted the most are the individuals left without a role, thrust back into a job search in uncertain times. In my opinion, there should be a case-by-case consideration and cost to employers to help mitigate the human downside in these scenarios.
Any experienced professional considering a job change with a recession looming should negotiate their ‘exit’ from the new company in writing. The standard practice of one week per year of service with the new company doesn’t suffice. Instead, I’d recommend negotiating one week per year of service in your profession.
As industry leaders, we should work to educate candidates and lobby for reasonable laws that protect the downside for employees without making it impossible for employers to make sound business decisions.
If you’re a recruiting industry professional impacted by layoffs or rescinded offers, our recruiting job board is a great resource. It’s full of verified opportunities with some of the world’s most trusted organizations and brands.