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Evaluating Job Offers

 

Congratulations! You've completed the interviewing process and now comes the hard part...deciding which offer you want to accept!

No two offers are alike, so there's no "right" way to evaluate a job offer. Money is only one aspect of your evaluation process. Even a high-paying job can be less advantageous than you think. There are many other factors to take into account when making your decision. It really is important for you to get a clear understanding of your total compensation package. This means more than just your base salary. You should weigh other important factors such as: career advancement, stability of the company, lifestyle and corporate culture, commute and benefits package. Keep these points in mind when making your decision.

Company Growth & Direction

Two of your most important concerns should be career growth and stability of employment. When it comes to your future these concerns are valid. Research the following:

  • Is the company currently pursuing any new endeavors?
  • Are there any plans for mergers or acquisitions on the table?
  • What market does the company anticipate developing?
  • What is the typical career path from your offered position?
  • What about lateral moves into other areas of the business?

Corporate Culture

Working conditions should be of interest to you. You should be interested in a company that provides a comfortable and relaxed working environment. When it comes to corporate culture, research the following questions when evaluating your job offer:

  • What's the company's Mission Statement?
  • How does the reporting structure work?
  • What types of community activities is the company involved with?
  • Is the company committed to diversity? Work/Life balance?
  • Does the dress code reflect the company's environment?

Benefits Package

It is very important for you to do research on the company's total benefits package. This will give you an idea of how valuable the benefits are and knowledge of the benefits options available. You should also find out how much you will be expected to pay for these benefits. The following is a listing of the most commonly available benefits that are important to know when evaluating your job offer:

  • Medical Insurance
  • Life Insurance
  • Short or long term disability
  • 401k
  • Sick Pay
  • Vacation and Holiday Pay
  • Dental/Vision Insurance
  • Family Care Initiatives
  • Tuition Reimbursement
  • Paid/Unpaid Leaves
  • Employee Stock Purchase Plan
  • Stock Options

Questions To Ask Yourself Before Accepting A Job Offer

  • Do I want to relocate?
  • What level of responsibility will I have?
  • Training, is it initial or is it ongoing?
  • What's the cost of living in the company's geographical location?
  • Are there any "hidden" expenses (i.e., will I have to pay to park)?
  • Will I fit into the company's culture?

Your concern with accepting the right offer is understandable. You have already worked hard to accomplish the challenge of graduating from college and you should be very proud of yourself. Once you make your decision, you'll be relieved and excited! Now you can focus on enjoying the rest of your senior year and get ready for your new career!!!