After working closely on your resume, cover letters, and battling intense interview sessions, you have finally been rewarded with a job offer. You might get lucky and score multiple opportunities from different companies at the same time.
Temptation might even lead you to accept a job offer right off the bat without even evaluating the pros and cons of the opportunity. You spend a major portion of your day at work and no matter how much you love it; a hasty decision can inadvertently take a toll on both your personal and professional life. Hence, it is imperative to understand if the job you are signing up for will really keep you going rather than making it a tough unbearable journey for you. Also, skipping these details may act against you making you regret down the road.
Instead of rushing to get onboard, it is advised that you weigh the job offer at hand to analyse certain key aspects that may help you take a better decision:
1. Is the Compensation Package Fair Enough?
The compensation you receive as salary is your source of sustenance and survival.
Aside from the basic salary, it is essential to review the employee benefits the prospective company is offering such as health insurance, disability insurance, travel reimbursement, vacation, paid leaves, stock options and sick leaves among many others. Since these come around to nearly 30% of your compensation, think through them carefully.
Make sure to read about the appraisal period and notice period clause in the offer letter.
Try to initiate a negotiation by approaching the hiring manager, if you feel your basic salary is less in a very likeable manner. It must be at par with the market value of the position you are offered. In that case, if there is no scope of negotiation and the salary is not enough for your sustenance, you might as well decline the offer and explore other opportunities.
2. How’s the Work Culture?
What is the vision of the company? Is it in line with your beliefs, values and personality? Does the company known for its deadline pressure, work from home policies, competitive and creative atmosphere? Does the workplace value their employees over targets, and results or is it the other way round? Is the workload undefined and employees are overburdened with responsibilities irrespective of their roles?
You must answer these questions before taking up a job offer from prospective companies.
You can search the web for employee reviews on various sites such as Glassdoor and see if the work environment is comfortable enough for you as a potential employee. Workplaces with an understanding colleague network and a supportive senior management are known to enhance work output by multiple times.
Working in an environment which disagrees with what you believe in or has a poor work culture may result in a diffused interest in work which may contribute to alienating you from the workspace.
3. Does It Accompany a Scope of Growth?
You also need to be mindful if the prospective job that you are interested in will hone your skills, help you gain credibility in the market and help enhance your network.
You need to be very cautious when saying yes to a prospective job keeping in mind your career objectives. If you prefer progression over stability you need to be mindful of the company profile. Perform some background research on your part to understand the company’s behavior when it comes to giving their employees their due promotions.
Some people may prefer stability over growth and hence it comes down to analyzing if the company is stable or potentially progressive in itself.
4. Does It Affect Your Personal Relationships?
Will you be able to maintain a work life balance with this job? A sound work life balance is essential to the health of any individual. Companies that promote overtime, push around additional work beyond the call of duty, must not be your choice if you wish to keep a balance between your personal and professional lives.
Working beyond office hours, frequent outstation trips, relocation, are work related problems so many individuals face in their day to day lives. This imbalance can derail the health of employees often leading to stress, depression and even burn out. Before accepting any such offer, consider discussing it with your family.
5. Is it Worth Leaving Other Opportunities?
Last but not the least, is the prospective company offering you a drastically different experience than your current employer?
Accepting a job offer must always be a rational decision rather than an emotional one.
Evaluate the salary, benefits, added perks, and growth progression for both the jobs and then come to a decision that favours your thought process. Consider making a switch to a new job when you have better opportunities to save yourself from adding any roadblocks to your career.