Offer Letter
Definition
Offer Letter: An offer letter is a formal document extending a job offer to a candidate, detailing compensation, start date, role, and terms of employment. It typically precedes the full employment agreement and may be contingent on background checks. Compelling offers balance competitive compensation with clear articulation of the opportunity.
Example Usage
βWe improved offer acceptance rates by including a personal note from the hiring manager explaining why we're excited about the candidate.β
Common Misconceptions
Related Terms
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The interview process is the structured series of evaluations candidates undergo before receiving an offer. A well-designed process balances thoroughn...
Employment Agreement
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Equity
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Vesting
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