If you’re a job-seeker there are several different factors that you need to consider when offered a new position. In essence, you want to make sure that all of your needs are met in order to continue or maintain the lifestyle to which you are accustomed.
Like with any offer you are considering, there is usually a list of “must haves” and “nice to haves”. Must haves will differ among people of different gender, generation and stage of career.
Make your list of must-haves so you are clear on what you absolutely must receive in order to accept an offer. Being true to this list will ensure a greater sense of job satisfaction in the long run and potentially establish you for career progression.
Job offers are multi-faceted so use this checklist to ensure the best possible outcome.
Compensation: For most, salary is the most important determining factor in accepting a position. If you’re still employed but looking at a potential move or change then you can be more selective about what you settle on, however if you are unemployed, then accepting a fair offer may be necessary in order to maintain your present standard of living.
Under normal circumstances, consider if the offer is 10-15% more than your most recent salary. You always want to be increasing your net worth with each new job.
Working Hours: Does the position allow you to maintain a work-life balance that is complementary to your lifestyle? Is weekend work required? If so, will you be compensated with money or flex-time?
Benefits: Understand what benefits are being offered and do they match your “must haves”?
Retirement Plans: Does the company provide retirement plans that they contribute to on your behalf as well as allowing you to add to your own retirement nest egg?
Insurances: Is health and dental insurance available to you and your family members? In countries like the USA, this is a very important option to consider.
Vacation and Sick Leave: Determine what vacation, sick and paid holiday leave is offered. Is vacation time rolled over to the following year? If you don’t use it, do you lose it?
Bonuses: Does the organization offer bonuses or other special compensation plans? If so, what do you need to do to qualify?
Child Care Facilities: Is there a child-care facility on-site or is there an affiliation with a facility where employees receive a discount?
Maternity/Paternity leave: What is the company policy on this leave and is it important to you?
Relocation Assistance: Does the company offer relocation assistance and if so, are there any personal tax implications?
Performance Evaluations: Does the company perform regular performance evaluations and is there room for promotion and salary raises?
Travel: Does the position require you to travel? Are you reimbursed for expenses? Do you receive a company car or do they expect you to use your personal vehicle?