5 Tips for Evaluating a Job Offer

Upon receiving a job offer, do you accept it right away? That shouldn’t be the case! It would help if you took the time to evaluate the job offer before accepting it, regardless of whether you are desperate to get one. Now, why? Your prospective job will define where you spend most of your time, what you’ll be doing, and how your career will be impacted!

This blog will discuss some tips and tricks for evaluating a job offer before accepting it.

Why Should You Look Before You Leap?

Several essential things depend on your job, like your peace of mind, health, relationships, self-confidence, career progression, self-learning, and passion, to name a few. What if you made the wrong move? You will regret that you never evaluated the job when it was initially offered. 

Be realistic and take your time to evaluate the job offer from a 360-degree perspective. However, you may have to compromise on certain factors but stick to your ultimate objective of learning and progression. The following tips and tricks might help you evaluate your job offers:

• Research Your Prospective Employer

Before accepting a job offer, take some time to research if the company’s standing is the right fit for you. Evaluate the offering organization on grounds like, 

• Stability of the company
• Culture and environment of the organization
• Work-life-balance of employees

You can leverage social media to collect information or access public opinion about the organization. Additionally, reach out to your professional connections who work there to get authentic information. Notably, the management style of your direct supervisor matters a lot. You can refer to the prospective employer’s annual report to check its health, understand its stability, and foresee growth.

• Salary and Benefits

Indeed, salary is the crucial factor most consider while evaluating a job offer. However, it shouldn’t be the only one! You must weigh the perks and benefits when evaluating the salary. Read between the lines to understand the perks offered in addition to the monthly income. 

The perks and benefits offered rely heavily on your industry. Here are some standard perks and benefits usually offered other than the salary:

• Annual leaves, including paid leaves
• Travel allowance, fuel reimbursements or pick-and-drop facility
• Incentives and bonuses
• Health insurance and medical allowances
• Work-from-home options
• Employee old age benefit or pension
• Daycare facility

Finally, weigh carefully your skills and experience against the salary offered to you. Some websites give you a good idea of the average salary for your role in your country. Finally, ask yourself, can the offered salary cover the cost of living for you and your dependent family members?

Read more: Top 7 Resume Mistakes To Avoid

• Saving and Expenses

Considering your salary minus expenses is vital to overseeing your potential savings. While evaluating a job offer, you must consider the hidden costs like increasing taxes, a hike in travel costs, a jump in insurance rates, and relocation costs (if the prospective employers demand it). For some jobs, your salary would be enough to meet your expenses, but you cannot save money for a rainy day. Moreover, rationally weighing your options is how to better evaluate a job offer.

• Commuting Time & Working Days

A vital evaluation criterion is the time to commute to your workspace and back home, plus the number of working hours and working days in a month. Commuting time is difficult to judge as it also includes factors like traffic, mode of travel, reliability of your transport, time taken for refueling your vehicle, waiting for public transport, and more. Furthermore, certain companies possess a work culture of late sittings and unpaid overtime, – again an important thing to consider.

• Scope of Work and Career Path

Your ultimate objective is your career goal, which can never be compromised when evaluating a job offer. The scope of work plays a significant role in leading your career path and bringing you closer to your career objectives. Factors like challenging work, learning new skills, exposure to new experiences, and your interest in the work determine your career growth.

On the contrary, if you accept the offer in a hurry without taking the time to evaluate it, you might hate your work or even resign. This mistake can cost you in the long run by littering your resume with multiple short-term jobs. It gives the impression of unreliability to future employers. 

Make Your Decision!

After carefully evaluating a job offer, it’s time for you to make a decision. Know that a polite refusal is correct and won’t impact future job offers. However, cost and benefit analysis is the best way to evaluate a potential offer. If the benefits outweigh the costs, accept the job offer, and vice versa. 

At Jobs N Recruitment, you can find industry-specific job openings around the world. Register now and take a step toward your dream job. Happy job hunting!