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Understanding Opportunity: Weighing the Pros and Cons of an Offer

We all know how it feels to undergo the job application process. When you finally get that upbeat email congratulating you on a new opportunity, it’s cause for celebration! Take a moment and bask in the feeling of being noticed, appreciated, and highly valued by your prospective employer.

Especially if you have been on the hunt for a while, you may be tempted to jump at any and all offers that come your way. However, the devil is in the details, and an offer of employment deserves your full and concentrated attention. Before you sign (or e-sign) on the dotted line, make sure you take these key considerations from TalentSpark into account.

1. It’s More Than Just the Salary

Sure, compensation is undoubtedly a big deal to every candidate. In reality, though, your experience in this role will be determined by a host of other factors besides your paycheck.

What benefits and other incentives are included with the offer? Things to look for include:

  • Retirement planning, such as a 401k or Roth match
  • Health insurance subsidized or completely covered by your employer
  • Parental leave
  • Vacation and PTO policies
  • Mental health resources and fitness incentives
  • Profit-sharing or stock options
  • Remote work capabilities or flexible hours

Creating a fuller picture of this work arrangement inclusive of all the perks – or lack thereof – will give you a much clearer idea of its attractiveness.

2. Location Matters

Where your company operates and how often you are expected to make the trip to the office are key details. Calculate the length of your potential commute, factoring in the cost of public transportation, parking, and increased traffic during rush hour.

If this role would necessitate a relocation, you have a host of other considerations. Will the firm sponsor your relocation expenses, such as your flight or gas costs, moving help, or even your first month’s rent or security deposit? If these details are not explicitly mentioned in the offer letter, you’ll want to clarify them before signing. You’d be surprised how helpful people can be if you simply ask!

The job is in another state? Don’t forget that your tax return will look different after the move! A higher salary might be mitigated by higher state taxes in your new location, so always be aware what the total cost of living will be.

3. Get Company-Specific

If you accept a job, and the company experiences massive layoffs or even closes down a few months later, you are left with a short stint on your resume. Check the Better Business Bureau and the company’s financial earnings (if publicly available) to make sure the firm is headed in the right direction.

Additionally, the culture within the firm can make or break your experience there. Reach out to a few current employees and get their honest take on the dynamic of the organization. A team that is vibrant, cohesive, and collaborative bodes extremely well for the satisfaction you’ll feel heading into work every day. Know who your manager and colleagues will be, and if possible, get some one-on-one time with them. See if you jive on a personal level, and try to envision yourself working through complex deals and daily tasks with them.

4. Define a Path Forward

Lastly, before you sign on to the next step in your career, have an honest goal-setting session with yourself. Where do you want to be in a few years? Can this role help get you there? Will this job give you the skills, experiences, and connections that further your ultimate career aspirations?

More specifically, within the company, what does the promotion and advancement structure look like? Who will you be working with on a daily basis, and will these people help you flourish, or weigh you down?

Ultimately, your future is yours to decide. But the relationships you develop and the roles you take on will help paint the picture of what your future looks like. Consider your offer thoroughly and carefully, then strive forward boldly. 

Get the Career Guidance You’ve Been Looking For

At TalentSpark, we put your career first. Our recruitment team takes a dedicated, one-on-one approach with our candidates to identify matches that accentuate your strengths, meet your culture preferences, and align with your long-term goal. We combine deep market knowledge with an expansive network of client firms to help procure real, verified job leads. To get plugged in and start your journey to your dream job, contact a qualified recruitment professional today.

For more job market insights and hiring tips, check out the TalentSpark blog here.