Lots of good points here, on both sides of the hiring equation.
In a strong market, candidates have been able to shop around, get multiple offers (based on interest, comp, etc) and pick the best one for them. If for nothing else, it's useful to get multiple data points to understand the state of the market. Candidates should absolutely do this -- to make sure they're making the right decision based on the possible options out there.
We tell our founders that setting deadlines to accept an offer are not effective, especially given the above. It adds unnecessary stress to the situation, and it sets a bad tone for the relationship.
We also tell our founders to ask what timeline the candidate is looking at, and say when the company is hoping to make a decision. And if those don't align from the start, to note it upfront. (We also ask out founders to write one-pagers on their interview process, to communicate and set those expectations at the beginning of the process. That's fairly new, and taking some time to adopt, but we're working on it.)
In a strong market, candidates have been able to shop around, get multiple offers (based on interest, comp, etc) and pick the best one for them. If for nothing else, it's useful to get multiple data points to understand the state of the market. Candidates should absolutely do this -- to make sure they're making the right decision based on the possible options out there.
We tell our founders that setting deadlines to accept an offer are not effective, especially given the above. It adds unnecessary stress to the situation, and it sets a bad tone for the relationship.
We also tell our founders to ask what timeline the candidate is looking at, and say when the company is hoping to make a decision. And if those don't align from the start, to note it upfront. (We also ask out founders to write one-pagers on their interview process, to communicate and set those expectations at the beginning of the process. That's fairly new, and taking some time to adopt, but we're working on it.)