Taking a job whilst waiting on PhD application decisions?
It might depend on the place where you live, so this answer might not be helpful but it is worth a try. 

Here (SE EU) PhD program lasts 3 years. It is for people who spend full time doing their PhD,usually working at the same time on project financed by the faculty or help their faculty in the role of professor's assistant. They get regular salary and are employees of faculty where they attend PhD program. There is, however, PhD program, that lasts 5 years, which is for the people who work full time elsewhere, for instance in industry. 

Go to the school where you applied for PhD program and ask if they have program for people who work full time outside academia. 

Also,talk to the company that wants to hire you,tell them about your academic aspirations. I did the same thing. They offered me to cover the cost of PhD, and in return i have to work for the company for x years. I'm full time employee,do my 40-50 h a week, and at the same time, i do my PhD ( this variant has classes in the evenings etc). 

If you can't have both, be honest with the company. Tell them that you submitted  papers for fall 2016 and that getting PhD is your priority. If they still want to hire you,great. If not, too bad, but you were honest. You don't want to burn bridges in the industry.

Hope it helps and best of luck