Case study You are a manager of a bank and have been the manager for ten years You receive a salary ...........

 You are a manager of a bank and have been the manager for ten years. You receive a salary of 12 lakh INR but believe you can do better in a

larger bank whose manager with a salary of 15 lakh INR has just retired. You apply for the job and receive an offer of 16 Lakh INR. You verbally agree to take the job. In the meantime, your current employer decides to counter-offer, promising to increase your salary

to 20 lakhs over the next three years. Although you have agreed to accept the larger city''''''''s offer, no contract has been approved or signed.

Discussion questions

1. Should you back out of the offer and accept the counter offer ?

2. Would you violate your professional ethics if you renege on the verbal agreement?

3. What is the right thing to do ?

By: Mona Kaushal