For job seekers, the challenges of finding work do not only include writing resumes or going to interviews. They also have to know how to evaluate job offers wisely so that they can make informed decisions whether to accept, decline or negotiate them. After all, a job can greatly impact various aspects of one’s life such as happiness, relationships, health, career prospects, and mobility.
Here are 8 things to consider when evaluating your job offer:
1) Company Reputation and Corporate Culture
A company’s reputation is important because it can affect your morale once you start working. A company that has a positive reputation can boost your enthusiasm at work while a negative one can cause you anxiety and stress.
Corporate culture should also be a huge factor when accepting a job offer. Study the company’s vision and mission statements and its core values. Ask yourself if these values match yours. Employees tend to enjoy their work more when their goals and values are consistent with those of the company.
2) Rapport with Your Future Supervisor and Coworkers
Chemistry is crucial to achieving satisfaction in your job. When evaluating an offer, try to recall how well you connected with your future supervisor during the interview. Are you comfortable with his interpersonal and management style? How about your future coworkers? Ask about your work group—know their personalities and work culture—before you accept the job offer.
3) Job Description
Make sure you understand clearly what is expected of you in the role or position. Before you sign the contract, verify that the list of duties and responsibilities written on the job description are the ones you were told during your interview.
Check if the salary is at the market level. You may go to payscale.com and research your salary range. Ask yourself how much of a motivator salary is when it comes to your decision. Set a minimum amount that you will accept and stick to it once you see the offer.
5) Benefits and Perks
Assess your total compensation package not only in terms of salary but also the benefits that come with the position. Perks like health insurance, flexible work hours, stock options and transportation allowance matter a lot especially in the long run.
Ask how much paid vacation and sick leaves a regular employee is entitled to every month. These can indicate whether a company values work-life balance and the overall well-being of its employees.
6) Impact of Job on Savings and Expenses
We sometimes forget the hidden costs of a job. Be realistic when assessing the impact of the job on your savings and expenses.
How long is the commute to your new office? Will accepting the job offer mean added travel expenses? Does the job require you to relocate and spend on rent or a new house? Will a work shift in the wee hours of the morning take a toll on your health, thus increasing your medical expenses?
7) Volume of Work vis-à-vis Salary and Work-life Balance
The job may come with a lucrative salary but the workload may leave you no quality personal time. Sometimes, flexible work hours and substantial leave allowances can be equally beneficial, if not more valuable than a handsome paycheck.
8) Career Path
Know the career prospects of the position being offered to you. Is it a move up the career ladder or a lateral move? If it’s your first job, how will it bring you closer to achieving your career goals?
Sometimes, it can be difficult to arrive at a decision whether you will accept or decline a job offer. In this situation, do not forget that you can try to negotiate your contract. Contrary to what most job seekers think, it is not only salary that can be negotiated. Benefits such as vacation leaves, start date, signing bonuses, relocation expenses, stock options, gas allowances and flexible work schedules can also be discussed.
The key to negotiating with a potential employer is preparation. Identify benefits that matter to you. Do your homework and know your appropriate salary range. Prepare your negotiation spiels and have the proper mindset: view the potential employer as a negotiating partner and not as an antagonist.
Taking the time to evaluate a job offer and not being afraid to negotiate can help you move closer to getting your dream job. If you accept an offer on impulse, you might find yourself desperate to leave, repeat the same mistake, and end up with a resume filled with short-lived jobs that won’t look good to future employers.All content is produced and published by IMPACT! Brand Communications.