What is Counteroffer
An offer refers to the job offer given by a company to a potential new hire. This includes details such as salary, benefits, working arrangements, and the start date. A counteroffer is a response from the candidate to the company’s initial offer. This means that the person rejects the offer and suggests a new one.
As a business, you can accept, reject, or make another offer upon receipt of a counteroffer. Most times, a counteroffer is done because the candidate is asking for a higher salary or flexible working options. Finding a suitable compromise that suits both parties may involve some negotiation.