Searching for a job is often an odyssey. It’s a significant time drain to search for quality openings that might be a fit, tailor your resume to show the most relevant experience and skills, and write a custom cover letter. And on top of that there is the interview process.

That process can vary significantly depending on the position and the company. However, it’s not uncommon to have a phone call or two with a recruiter or HR person before your in-person interview. Once you’ve made it through all that, you send your thank you note and cross your fingers as you await a reply. 

There’s nothing quite like the feeling when you hear you’ve been hired. It’s rewarding to know that someone thinks you can add value to their company and fill a needed role. If you’ve been serious on your job hunt, it’s likely that you may still have an interview lined up at a different company. You might be inclined to go ahead and cancel it.

Here are four reasons why that could be costly mistake:

Nothing is guaranteed

One major reason to not cancel another interview is that things can change rapidly in the business world. There’s a saying that “you don’t have a job until you have a paycheck.” That might be a little extreme, but the fact is that you can’t count on anything until you’ve signed your paperwork and started work. 

It’s too often that a company will have to pivot during a hiring cycle. This could be for several different reasons, such as money problems, an acquisition, a change in company structure, etc. It doesn’t happen all the time, but it’s not unheard of for a company to go through a change and then all of the sudden not have a need for the job you applied for or the means to have that job. 

If that happens and you’ve cancelled your other interviews, you’ll be in a tough position.

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Two offers are better than one offer

You may have gotten an offer at your dream company, but that doesn’t always mean you’re going to be making your dream salary. If you take another interview and get a second offer, all of the sudden you have some potential leverage. If the first company really wants you, they might be willing to throw some extra dollars or perks your way to sweeten the deal.

The caveat for this tactic is that you have to want both jobs. If you’re purely using one as a leverage tool and your tactic backfires, you’re going to be stuck with the job you never really wanted. Use caution if you decide to take this route.

Interview experience is always valuable

Think about how many interviews you’ve had in your life. Next, think about the last time that you were interviewed for a job. Those answers will vary significantly from person to person, but for many of us, we have a fairly finite number of jobs that we’ve interviewed for in our lifetime. And if you’ve been at your current job for a long time, it’s probably been awhile since your last one.

If you’ve got another job offer that you’re thinking about taking, still do your other interview as a way to gain experience. Naturally don’t do an interview if you really have no interest in the position as that’s a waste of everyone’s time, but if you think it could be a fit, use it as another chance to get experience. 

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It’s a small world

This is one of those cliches that seems to ring true time and time again. It’s amazing who knows who in this world, and it’s especially true when you work in a specific industry. Many industries are a fairly small world with companies that overlap frequently. You’ll never know which connections you make will have an impact in the future. Having an interview gives you an opportunity to make those connections that might be beneficial later on. 

The job hunt is tough, there is no denying that. It takes a lot of time and dedication and thick skin. Once you get that job offer, you should be feeling pretty good about yourself. However, just because you got the offer doesn’t necessarily mean that everything will work out. Unfortunately, life happens and sometimes a job can get pulled out right from under you. Because of this regrettable fact, it’s important to keep and attend any interviews you may have had lined up before you received your job offer. As the saying goes, “hope for the best but plan for the worst.”

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Eric Moore

Eric Moore is the owner of Overheard on Conference Calls. As a corporate veteran, he’s seen and heard it all. And when it comes to office chairs, desks, and accessories, he’s used it all. As a former office furniture sales rep, he bring his expertise to provide readers the knowledge to choose the right products for them. He also has his OSHA Ergonomics Certificate.