Thursday, October 21, 2010

Comparing Two or More Job Offers

"Jobs are back" says a very famous advertisement on television. 

Yes, the Financial Crisis is over, markets are finally seeing an upward trend and the organizations have started hiring. After all the hulla balloo job market is getting better. And just in case you are good enough, you might land up with more than one job offers in hand. Pretty Good, isn't it?

But how to compare the multiple job offers and decide which one to accept. What most of the people look for is:
  • Brand Name
  • Compensation
  • Location Preference
  • Job Role
But wait, there are a few more and rather important things to know:
  • Variable Pay: Many companies will say “There is a 20% bonus!”  Nice, but what does that mean.  What portion is the company meeting its goals and what portion is the employee meeting his goals?  Do I get the whole 20% or is it performance based?  What happens if you quit (or are fired) mid year?  
  • Flexible Timings: Many times, employees have to sit till late in the office to deliver important and urgent stuff. Is there an option that I decide my own timings or at least can adjust as per my delivery schedule. Can I work from home at times. What happens if I work till late one night and end up reaching late the consecutive day
  • Health Insurance: This important but often ignored policy is also worth considering. Many companies these days do provide with a health insurance plan. Make it a point to check on this with the company HR/Admin
  • The Work Itself: This at times does get a due consideration. You interest in the job being offered to you is of utmost importance. Moreover, don't ignore the challenges, dependencies and the targets involved.
  • Professional Memberships/Assistance: Many organizations support the professional advancement of employees. This includes Further Education Assistance and Professional Memberships and many others.
  • Time Off/Leaves: Apart from sick, casual and paid leaves; many organizations provide leaves for other family urgencies like parental leaves, wedding leaves, funeral leaves and a few others.
And don't forget that the most important deciding factor of your career is to know yourself and your needs thoroughly.