Too long to wait for a contract?
I have been interviewing for a position at another bank since June. About a month ago, the hiring manager told me that they would like to make an offer if I was interested. I said that I was. Three weeks ago, he put me in touch with someone in HR who asked about my comp and other things. Two weeks ago, the HR person called back and told me the terms of the offer, which I said was acceptable. At the time, he said that it would take about another week to ready the written contract. I am still waiting...I reached out to him yesterday and was told that he was chasing down some people to approve the offer in the system before the contract could be prepared. He said that he would get the hiring manager involved to try to speed things up.
To me, a month seems like a very long time to wait between a hiring decision and the contract. Is there a chance that the offer isn't solid? I would have expected all the key-decisionmakers to have approved the terms of the offer before it was communicated to me, and so at this stage it should just be a matter of some HR administrators clicking "approve". It has become quite painful, as I am now drowning in work and daily meetings that I have no enthusiasm for, having expected to be on garden leave by now!
I'm assuming that at the time when they gave you their offer terms they wouldn't have had anything written up yet expecting some negotiations on the contract terms.
Also, Labor day weekend just happened and people are still catching up if they took some time off.
I'm now well past the 2-week mark since verbally accepting the offer and I am still waiting to sign the contract. Checked with HR and heard that a chain of approvals need to be made in the system before the contract can be prepared, people have been travelling, people need to be chased up, etc. Does this sound right? When I recall recent hires at my current bank, it has never seemed so drawn out. Are these approvals mere formalities by business/admin managers? I assume that the approvals by the real decision makers would have been obtained prior to communicating the verbal offer.
it took me five weeks to get my offer. send a followup email and see what happens.
it took me five weeks to get my offer. send a followup email and see what happens.
3+ weeks and I am still waiting for the contract after accepting the offer. I have been told it is only an administrative delay because a lot of approvals are needed - e.g. the regional head, heads of lines of business, global head of HR. That these people already agreed to the hire before the offer was made, but they need to log it in the system in sequence, and some are travelling. I can't help but think that a major IB should be able to make things happen quickly if there is consensus and my hire is considered important. Also not sure why such high-level approvals are needed. Does it indicate a potential problem? The HR guy himself initially said that it should take about a week.
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