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July 4, 2022 Category: Human Resources (5 minutes read)

3 Things to Research Before Accepting a New Job Offer

3 Things to Research Before Accepting a New Job Offer

Job-hopping is a topic that is very common in the office. You may want to move jobs or join new companies for better career opportunities or higher salaries.

But, the larger question and concern is: What can a candidate do before accepting a job offer? Many organizations, both large and small, are being forced to change or withdraw job offers because of changing economic conditions.

Asim H. Handa, CEO of Gi Group India, is sharing his thoughts.


Here are the ten things you need to do before accepting a job.

Role in business

Think about whether your role is exciting and vital. There is a lower chance of losing your job in difficult times.

Company's financial health

Avoid working for companies that are struggling financially or have uncertain prospects.

Brand value

Your career prospects will depend on how high the industry value of your employer is. Conversely, a lower market value company will allow you to find similar jobs.

Work environment and culture

Talk to your interviewer about the company's work culture, celebrations, and ways they encourage employee engagement.

Benefits, Salary, Designation and Perquisites

This is a direct result of your efforts. Expect a 25-50% increase in your salary package. In addition, the new salary structure may be able to help you save on taxes.

Work-life balance

Are you ready to change your life (travel, commute and work hours)? Then, do not accept any offer that could negatively impact your life.

Current boss/ team

Please find out about the boss/team leader, how they work, and what the best practices are.

Company growth rate and attrition rates

Straightaway, ask the interviewer about the company's growth. You can measure growth in terms of employee number, revenue/turnover/profit. It is also essential to understand the attrition rate. It is not something you would want to do in the short term.

Opportunities to grow and learn

Five years of work experience is not enough to guarantee your career's rapid growth.

Transnational opportunities

Job seekers interested in trans-national jobs should conduct a thorough research about the area and compare the cost of living. They also need to evaluate career progression plans. This is particularly important for those who plan to return home in a short time.

When considering a job, there are many factors to take into account. These factors can help you compare offers from different companies.

Why is it important to consider a job offer before accepting it?

The job you choose can significantly impact your life, from the amount you earn to how you spend your time.

18 Considerations for Job Offers

There are some things you should consider when evaluating job opportunities:

  1. Base pay

When reviewing job offers, the first thing you should consider is the hourly wage. You may be able to negotiate a higher rate to increase your initial request.

Similar: What's Base Compensation? Definitions and types

  1. Benefits package

Your employer may offer financial benefits in addition to your salary. These benefits could include stock options and retirement plans. In addition, indirect benefits like insurance may also be offered.

 

  1. Hours of operation

It is essential to evaluate job offers. Consider how many hours you will be required to work every week. You can have more time or supplement your income with a second job. This will allow you to be more flexible and offer more significant compensation.

  1. Commute

How you commute to work can affect your enjoyment of your job and your daily life. Different locations may be better suited for other jobs.

  1. Style of work

Understanding your work style will help you choose the right job.

  1. Responsibilities

It is crucial to find a job that makes your heart happy. It is essential to find a job that makes you happy.

  1. Position title

Consider your job title when considering a job. Having a higher job title than you had in your last job can help you get promoted or find a new job.

  1. Career advancement

Think about the implications of a job change for your career. Here are three ways that a job could help you.

Accepting a promotion in your current job is the best way for you to advance. However, if you are offered a job that will allow you to develop your skills, you might be able to pursue a role at a larger company.

  1. Company culture

The company you work for can significantly impact your professional happiness. To find out if you are suited, you can evaluate the potential employer's culture.



10 Managers and coworkers

Just like evaluating a company's culture before accepting a job, it's essential to get to know your potential supervisors and coworkers. Then, you'll be able to trust your supervisor's leadership style and admire their work ethic.


Opportunities for networking

An important skill to have is understanding how job offers can affect your ability to build a professional network. This will allow you to determine if the job is a good fit.

 

Profession

Your skills may be transferable across multiple industries. It's worth taking the time to research the type of job that interests you. Consider what each job entails and how it suits your needs. 


Considerations to the family

Your personal life is affected by your professional decisions. It is essential to understand how job offers can impact your personal life.

 


Situation currently

Your professional situation can be a significant factor in deciding the value of a job. You don't have to be employed to evaluate your situation.

You must ensure that the job offer is in line with your expectations. Look through the offer letter carefully and make sure you review the most important parts. These include your responsibilities, general duties, vacation policy, sick days, training opportunities, and career advancement. While the offer may not exactly match your expectations, it is important to consider the larger picture and make sure the company meets your needs. It should; if it does, that's great! If it doesn't, they may ask you to send a wishlist.

 



Sources:

 

https://in.gigroup.com/10-things-to-check-before-accepting-a-job-offer/

https://www.indeed.com/career-advice/starting-new-job/job-offer-considerations