Stories of rescinded job offers have begun to surface, especially in fast-growth industries like technology and real estate, in another sign that the red-hot job market is starting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?
SHRM HRQA
How to Create an Offer Letter Without Contractual Implications
SHRM How-to Guide
Please complete the brief survey near the bottom of this page.
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
Business News Daily | Jun 2022
Can Offer Be Pulled If Job Candidate Won't Follow Our Vax-or-Test Policy?
Holland & Hart | May 2022
There's No Painless Way to Rescind a Job Offer
(limited free articles without a subscription)
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
Related Reading
Why companies are rescinding job offers
BBC | Jul 2022
5 Reasons Rescinding Job Offers Hurts HR
HR Exchange Network | Jun 2022
Related Content
As artificial intelligence technology continues to develop, the demand for workers with the ability to work alongside and manage AI systems will increase. This means that workers who are not able to adapt and learn these new skills will be left behind in the job market.
A vast majority of U.S. professionals say students entering the workforce should have experience using AI and be prepared to use it in the workplace, and they expect higher education to play a critical role in that preparation.
Advertisement
An organization run by AI is not a futuristic concept. Such technology is already a part of many workplaces and will continue to shape the labor market and HR. Here's how employers and employees can successfully manage generative AI and other AI-powered systems.
Advertisement