🕐The approval process and debrief meetings with stakeholders can cause delays in receiving a job offer.
💰Salary negotiations, market surveys, and internal salary bands play a role in determining the offer amount.
📋Internal comparators, other employees in similar roles, are considered when making the offer.
⏳The availability of approvers and process bloat can slow down the offer approval process.
🔎Recruiters may need to search for a full slate of candidates, which prolongs the process.
Why does the approval process take so long?
—The approval process involves multiple stakeholders and layers of approval, which can cause delays. The decision-making process and alignment of hiring managers and senior managers also play a role.
How are salary offers determined?
—Salary offers are determined based on your compensation expectations, local market wages, internal salary bands, and internal comparators. Companies aim to maintain internal equity and provide room for future salary increases.
What is process bloat?
—Process bloat refers to the unnecessary steps or administrative procedures within the hiring process that can slow down the offer approval process. This can include software system inefficiencies, excessive checks and balances, and auditing processes.
Why do recruiters sometimes forget or delay the offer process?
—Recruiters and hiring managers often have multiple responsibilities and open positions to handle. They may become overloaded or distracted, leading to delays in the offer process. However, candidates are encouraged to check in and nudge the hiring team for updates.
How can I expedite the offer process?
—To expedite the offer process, it is important to have realistic salary expectations and effectively communicate them. Additionally, proactively following up with recruiters and hiring managers can help keep the process moving forward.
00:00Introduction to the video and demystifying the job offer process.
00:08Reasons why the offer process may take a long time, such as the approval process and debrief meetings.
01:59Factors considered when determining the offer amount, including salary expectations, market surveys, and internal comparators.
04:08The role of approval delays, availability of approvers, and process bloat in slowing down the offer process.
06:00The impact of recruiters, overloaded hiring managers, and recruitment team responsiveness on the speed of the offer process.
07:55Encouragement to check in with recruiters for updates and highlights of the importance of realistic salary expectations and effective communication during the negotiation process.
