Stories of rescinded job offers have begun to surface, especially in fast-growth industries like technology and real estate, in another sign that the red-hot job market is starting to cool.
Organizations that have been on pandemic-driven recruitment overdrive the past two years have started to tap the brakes over fears of a looming recession. The reversal of hiring plans happened so fast that instead of just slowing down or freezing hiring and canceling requisitions, employers like Coinbase, Redfin and Twitter are rescinding job offers, a painful tactic generally only seen during an economic crisis.
It should be noted that talent acquisition experts caution that the trend of rescinding job offers—while ticking up—is still a blip on the landscape and should not be overblown.
Read the rest of the article:
Employers Are Rescinding Job Offers Again—How to Do So, if You Must
SHRM | Aug 2022
Can an employer rescind a job offer?
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How to Create an Offer Letter Without Contractual Implications
SHRM How-to Guide
Articles
How to Rescind a Job Offer
HRD | Jun 2022
Pulling Back: Legal Considerations When Rescinding Job Offers
Workspan Daily| Jul 2022
How to Rescind a Job Offer
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There's No Painless Way to Rescind a Job Offer
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Inc. | Jul 2022
Example Policies that Address Rescinding a Job Offer
Criminal History Background Checks
CalHR
Policy Guide - Withdrawing an Employment Offer
Commonwealth of Virginia
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Why companies are rescinding job offers
BBC | Jul 2022
5 Reasons Rescinding Job Offers Hurts HR
HR Exchange Network | Jun 2022
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