Monday, June 28, 2010

Intent of Offer vs. offer

Literally we can say the Intent of offer is the written statement expressing the intention of the undersigned to enter into an agreement. It does not have any legal obligations. It only shows that the company is interested to give employment to the person... sometimes subject to other action being taken.

It may happen that due to some unavoidable circumstances, the intent of offer cannot become a formal offer letter. And that is what is happened in the case of Infosys. Though it is a shock for the IIT freshers when they received the letter of regret from Infosys mentioning the students to look for other options/alternatives and not to expect any employment from them,
1. I do not think it affects the reputation of the company as it is a crystal clear statement that Infosys made
‘‘Please inform the students to look for other options/alternatives and not to expect any employment from us,’’ said the letter from the company which is now headed by Nandan Nilekani.
Without hiding or delaying the process so that the students can go ahead with other company’s offer. When contacted in Bangalore, Infosys denied that it had cancelled any job offers. ‘‘No offer has been cancelled. The initial letter was intent of offer. However, we can’t confirm a date when we will be able to recruit. In the meantime, they are free to pursue other careers or look for other option,’’ said the company’s spokesperson

2. I agree with the Infosys’s spokesperson statement that Infosys not really cancelled any job offers as they have not given any offer letter to the students. It was only intent of offer which was given to the students.
3. Though it takes a bit long time to place all those students, I would have had a talk with the Infosys Recruiters and had asked them for the tentative timeline for taking action to recruit the students when the market condition will be normal.

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