Peeling The Offer
You have applied for new jobs, and the offers are coming in. Your current employer is getting nervous, and offering too. What do you do? Well, the truth of it is that the more you hold out and wait, the better the offers may not be. There are several aspects of salary to consider, including things like medical benefits, relocation expenses, and expenses reimbursement. Many employers put together complex offers in the hope that a job candidate just gives up on reading the the fine print and accepts, or they word it to be confusing so someone will give up and just accept. But keep reading, as future wages [and other benefits!] depend on the careful examination of any job offer.
Things to consider:
- Stock options. Does part of the money/salary get paid out in terms of stock? Do you even care about stock? Is the stock of a decent value or completely worthless?
- Medical benefits. What kind of a medical care plan does your employer offer and what are the out-of-pocket costs like? Is it decent insurance or something expensive that will not cover you well? How reliant are you on medical insurance and how does it factor into your list of important perks?
- Does the company offer relocation assistance? How does the cost of living in your new area compare with your old one?
- Are the bonuses they are promising you feasible? Some employers set high sales standards for bonuses that employees have extreme difficulty reaching.
These are all questions to analyze but the truth of the matter is that each individual's situation is different and they are the only ones who can answer the question of what to do best. They know what they consider to be most important, not some outsider who is offering advice.
Ultimately, the biggest question for anyone to consider before taking a job is ?Is this the right place for me to work?? because, no matter what amount of money the company promises an employee, if the job situation does not fit then there's no way to make it work. It is important to judge how well the employer fits before ever considering the offer being set forth. Because if it doesn't fit, it doesn't fit. There are three important criteria to use when deciding if an employer is right for you: its people, its products, and its reputation.
Concerning people, you want to make sure that prospective co-workers are good, reliable, trustworthy people. You are going to be spending more time at work than with your family for the typical job, and you want to make sure that the work environment is as least stressful as possible. Good people who do their fair share of the work make life easier for you, but also make the business more successful and lasting. Of the three elements, working with good people may be the most important as it affects the whole of work. Also keep in mind that the interviewer is just one small part of this company who you are considering working for. Do not make your judgment based solely on interacting with this person! Hopefully you will be given the opportunity during the interview process to meet some other people who will help give you a more complete picture of the work environment.
Explore the staff and environment to the best they allow you, and be a little concerned if they are not willing to let you meet any of the other workers. Management can give a sense of what a company is like, if you are able to meet them and not any of the regular employees. Their behaviour might give off indications of a major upheaval in the company or a restructuring. Ask the interviewer to chart out who plays what roles in the company.
They should be able to tell you who does what jobs, and what to expect of your job role if you were to become an employee. Something like eating lunch with several employees might only take a few minutes of your day but can give you a broad scope of the true work environment.
Consider the products and services that the company sells or provides. A smart job seeker will go for a company that has a highly desirable product or service that tends to have lasting success. While it may be easy and tempting to go for a 'hot job' there are some negatives in doing so. Mainly, once the demand has decreased, will that leave you without a job? Base your decision on the long-term probability of a job, the product itself, and how customers perceive the product and company. Then compare how the company and its products or service rate next to similar companies with similar products. Ideally, you should be working for one of the best companies with one of the best products available, if not THE best. Ask for information during the interview but also do independent research on your own for a clearer picture. If the job offer is good but the company or product are not, then do not accept!
Last but not the smallest component to consider is the company's reputation. Companies with a bad reputation have often earned it, but the best thing to do is investigate yourself and make up your own mind. However, a company that is truly bad and has a bad reputation will often not last, and taking a job there can be a career disaster. Reputation is made up of several factors, including who works there, who used to work there, funding sources, competitors, customers, and the company's business relations with other companies. Talking to people involved in any of these aspects as well as researching and reading media reports can help you make up your own mind.
After these three considerations, it ultimately comes down to an individual to make their own decision. But The best way to make a decision of this magnitude, that can affect the whole of life, is to make it an informed choice with a lot of thought and research behind it. Even with the researching and thought, there is not guarantee that a choice is the proper one. But at least it is made in a more intelligent manner and has better odds of working out.