HOW TO ANALYZE A JOB OFFER
When you get an offer, it’s tempting. After all this is exactly what you’ve been waiting for. Now is the time to ask some key questions to yourself to analyze a job offer:
One needs to be clear on the compensation front. Compensation isn’t just about base salary. There are lots of other factors that impact your take home salary such as perks, Medical, Performance Bonus etc. In case you are comparing offers side by side, don’t forget to consider all of the components.
The opportunities for growth:
We all, as Professionals need to ask this question in the interview process or even after you receive the offer. Is the company focused on growth or do people have to wait for someone to quit in order to reach that next level? How long does the company expect people to be in their current roles before taking a next step? Is the company creating new positions each year or will you have to wait for your Senior to quit? These are all really important questions if moving up the hierarchy is important to you.
Regardless of how much you love what you’re doing, work environment that you are into has a huge impact on your overall happiness and quality of life. Be honest with yourself about what type of environment you would do best in. Is it structured or constantly changing? Is it big or small? Is it predicable or creative? You know what’s best for you more than anyone else – so trust your inner feeling if something doesn’t feel right.
Though you probably looked at a job description when you applied, make sure you’ve asked people to share what they think the role is. You’ll want both things to feel somewhat consistent. If you fully understand the nature of the work, you will be able to gauge whether or not you feel excited about doing it. You’ll also be able to get more knowledgeable about the areas you have less experience with prior to coming on board.
The people you work with is the key to happiness on the job. Not only do you want them to be friendly and helpful, but you probably also want them to be smart and talented (so you can learn from them). You’ll get a feel for this based on the type of people who are interviewing you but it’s also important to ask what type of people are successful at the company. Then you will learn a bit more about the common thread that ties everyone together.
Of course, I can sit here and guide you with everything that needs to be considered about an offer and a company. No company will be perfect and hit absolutely everything on your list either. The most important thing I want to say is that, you really do know yourself better than anyone else. Think about how much weight these different components hold to you personally and then do your research, ask your questions, and know what you are getting into!