How to Choose The Best Job Offer
In the series of articles, we have been looking at how you can land your Dream job. We have been going over all the preparations that you need to secure your Dream job. We have seen in detail, how to Build the Perfect Resume. We have also detailed some of the best practices for you to ace your next interview and we also looked at various things to avoid in your interview.
In this article, we are going to look at how to choose the Best Job offer when you have successfully bagged more than one.
Getting a new job offer can be very exciting, the prospect of beginning life in a new place, amidst new people, probably a better remuneration package, new things to learn, new targets to achieve etc. Nothing would seem mundane anymore and you would begin to look at everything with a renewed sense of optimism and excitement.
However, when you end up receiving two job offers at the same time, there always will be a dilemma as to which one would be the right one. Which offer to pick over the other! Making your mind up could be a bit of a hassle, so in this week’s article let’s look at how all the evaluations that need to be done helping you arrive at the Best job offer. You could also use this as a guide to even figure out whether you should take up the new opportunity or is it better to stick with the job you already have.
The best way to judge is to compare the different offers you have on hand. You need to look at all the aspects of the job closely to understand how much of a value add is it to your career.
The most obvious aspect on this list would be the Financial package/Remuneration that is on the offer. Make a comparison of all the aspects of the pay packages and then make your decision. Bonus, hikes, signing/joining bonus, Incentives, Profit share etc should be looked at in detail before you make the decision.
Growth and learning opportunities:
Apart from the pay package, the next most important aspect of your new job would be the opportunities you would gain.
Seek answers to a few questions like, would you have the opportunity to learn a new skill or would you gain a new perspective into your field of work? What does it do to your prospects of moving up the hierarchy? You would need to consider whether your prospects get better or do you have to compete with veterans for the next level?
The reputation of the company is another factor you need to consider. Is the new company a step-up or a step-down as compared to the existing one? Does working for the Organization/Company add a feather in your cap and give you the recognition you need in your future or would it just seem to be as “Some”” company that you worked for? Would working for the new organization give you the edge over others in your career?
The work culture
What have you heard about the company’s work culture? What sort of people do they like to employ at the higher echelons of their management. Does the company have a reputation of not being great with their employees?
You could check with your peers or even go back to recollect what you noticed when you were there for your interview. Do ample research on this because, for most of us, our jobs are our second homes.
You would probably also need to factor in things like travel time, working hours, OT payout, Insurance or any other extras that the company offers.
It is not just about a head to head comparison and choosing any job that comes your way surpasses the existing one. Start to look at the job offer from your current perspective.
What is your main priority right now? What is making you look for another opportunity?
Is escaping your current job highest on your priority list? Although this might not be an ideal thing to do. However, if your boss or the nature of work has breached all your levels of tolerance and before finding another job you cannot afford to quit your existing one, then be extra careful while choosing the job.
There is no sense in choosing a company that has a reputation of being hard on their employees with employees leaving that company for the exact same reasons that you are. You should definitely have reservations about joining such a company, no matter how many other boxes it ticks positively.
Would your new job give you better job satisfaction as compared to the existing one. If you are in a totally mundane job, where there is nothing left to learn, you don’t see any scope for growth and you are looking for a challenging job then, this should force you to think. It is for you to decide.
Or if you are looking for a huge hike in remuneration and the only company offering that kind of a salary is probably not the best name in the market or if you are familiar with their bad work culture, think again. Whether you choose to go with your “needs” first and compromise with the “want”, is again a choice for you to make.
When it comes to prioritizing what you are looking for in your new job, there is no such thing as a one size fits all. Make sure you look at all aspects before you make your decision.
Make sure it is a decision that you are willing to live with.
Most companies would have some room to negotiate terms. So you need not accept everything as is, you can try to get more on some of the terms of the job. If you won’t ask, you won’t get it. So rather than having a feeling that you didn’t get what you hoped for, always negotiate.
Make sure you know what your goals are. Which one of the terms are you not happy with and what would you consider appropriate instead. You need to be totally clear about these aspects before you are headed into the discussion.
For the person you are going to negotiate with, winning at negotiations would be what they are good at. However this shouldn’t stop you from moving forward. It’s your Career remember and so prepare well and ask what you think is appropriate.
The first thing in negotiating is to know your worth. You need to know what is the prevailing remuneration structure is for your role. This is one of the easiest things you can get, so be firm and make it clear that you will not settle for anything less than the prevailing market trends.
You have to understand that you cannot be unreasonable with your demands. However, if you have a demand make sure you can back that up with a reason as to why you deserve more.
If you are willing to concede some ground on one aspect, get them to concede something in return. You can use this to your advantage sometimes, when you get the most important term approved, in return for something that you are ready to concede.
Curb your emotions and stay neutral on them. Your disappointment should not be on display if things don’t go your way. Neither, should you appear extremely pleased like you got what you are looking for. Anger is a definite NO NO.
Keep calm at all times. The HR team is well versed and can sense even the slightest giveaways towards your feelings about the offer. So don’t spoil your chances upfront, until you have finished discussing all the points you wanted to discuss.
Rejecting an Offer
If the offer doesn’t meet your requirements, you can definitely turn it down. However, you need to do so in a professional manner.
First, thank them for the opportunity and the offer. Let them know, the reason behind your rejection. You can let them know that you are not happy with the remuneration on offer, or any other terms that you do not find convenient.
Or you can simply say, the offer doesn’t fit into your career at this time.
However, at no stage, should you be saying anything against the company, the work culture or any individual in the company. This would be totally inappropriate and uncalled for.
Keep your response polite and professional.
We spend most of our lives and our energy, working. So your job MUST satisfy your needs.
Therefore, you need to think a little before accepting any offer. How does the offer fit into your career at this time?
Always keep the big picture in mind. You need to remember that every job you take up is another stopover in your career journey. Make sure it is worthwhile.
Evaluate all the aspects of the job, the remuneration and all the other terms. Think about the company’s reputation and what value it would add to your resume in the future. Try to figure out a bit about the company’s work culture, check out if it is a good fit with your personality.
Prioritize the things that you seek from your next job. Look at what makes more sense to you at this time. What are you willing to lose to gain a better job?
If you feel your “needs” are not met adequately, feel free to negotiate some of the terms. List out the things that you would like to discuss. Be well prepared and clear about what you want to negotiate. The person you would be negotiating with would be doing this day in and day out and would be a pro, but this shouldn’t stop you.
Have a good understanding of what you are worth and what are the prevailing market trends when it comes to remuneration.
Choose the best option only after you are completely satisfied with the offer.
Message me to help you set, plan and achieve your career goals.