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The Job Offer
Never, under any circumstances, accept the job offer right away, even if the offer is better than anticipated. Take time to thoroughly evaluate the offer.
What is it?
A job offer is an invitation for a potential employee to work in a specific position for an employer. Job offers typically contain the details of the employment offer, including salary, benefits, job responsibilities, and the reporting manager's name and title. The offer letter may also cover the expected work hours, the desired start date, and additional details that are important for the prospective employee to know.
Job offers are made by employers when hiring and include key details about the job, compensation, and benefits. They can be delivered verbally or in writing, and employees can respond by accepting the offer, declining the offer, or negotiating the terms of the offer.
What is it's importance?
There are pros and cons to every job.
The key to evaluating a job offer is to make sure you have all the key information to make an informed decision about whether the pros outweigh the cons or vice versa.
Accepting a job offer and making a commitment to an organization is a monumental decision. Taking the time to be thoughtful about this decision, ensures common mistakes are avoided in the following areas:
Job title
Job description
Starting date
Work schedule
Reporting structure
Salary (Compensation Bonus or Commission)
Paid time off
Employee benefits
Privacy policies
Termination conditions
According to John Lees, the UK-based career strategist and author of The Success Code, “you have more leverage” to shape your job description and improve your salary and benefits package “right after you are made an offer than you do in your first two years of employment.”
What are the key areas/principles?
- Salary. How does your salary compare to the industry average for the role and location?
- Technical fit. To what extent do your strengths, needs and experience match the job?
- Job content. How much job satisfaction will you derive? What benchmarks will you be judged against?
- Cultural fit. How do your values, beliefs and conduct align with that of the hiring organisation?
- Perks and benefits. Executive-level roles are renowned for their generous compensation packages. Does yours deliver?
- Work-life balance. Switching off is essential for work-life balance. How flexible are the company?
Self-coaching Questions
- Am I excited about the job?
- Does the organization’s mission and values align with my own?
- Is there room to grow?
- How much money would make me happy?
- What compromises can I accept?
- How do I expect to feel at the end of my work days?
- How will I measure success?
Free Online Resources
Negotiating Executive Compensation [VIDEO]
https://www.youtube.com/watch?v=jhfFDQ3NU0E
How to Negotiate Salary After Job Offer [VIDEO]
https://www.youtube.com/watch?v=6EpfttTlhx8
How to Negotiate a Lowball Salary Offer [VIDEO]
https://www.youtube.com/watch?v=gbescvOJaGo
Lowball Salary Offer? THIS MISTAKE CAN COST YOU $300K! [VIDEO]
https://www.youtube.com/watch?v=Ge-pVQ9oZUc
How to Negotiate Salary after Job Offer | 5 Practical Tips [VIDEO]
Academic & Industry Articles
Before you accept that job offer, do this to negotiate salary https://www.fastcompany.com/90465186/before-you-accept-that-job-offer-do-this-to-negotiate-salary
15 Rules for Negotiating a Job Offer
https://hbr.org/2014/04/15-rules-for-negotiating-a-job-offer
5 things you must negotiate on every executive job offerhttps://www.monster.com/career-advice/article/negotiate-executive-job-offer
Executives, don’t forget to negotiate these 4 things into your next job offer https://www.monster.com/career-advice/article/executives-negotiate-besides-salary
Career Tips Negotiating Your Job Offerhttps://www.boyden.com/media/negotiating-your-job-offer-168950/index.html
How To Evaluate A Job Offer – Tips For Senior Managers And Executives https://www.fraserdove.com/evaluate-job-offer-senior-managers/
Negotiating Key Terms in Your Next Executive Job Offerhttps://ceoworld.biz/2017/03/27/negotiating-key-terms-next-executive-job-offer/
Sample Job Offer Letter for an Executivehttps://www.thebalancecareers.com/job-offer-letter-executive-introduction-1918035
Ten Things You Can Negotiate In A Job Offer
How to evaluate the great job offer you just wonhttps://teten.com/blog/2019/09/10/evaluating-a-job-offer/
The Ins & Outs of Executive Compensation Negotiationhttps://www.bluesteps.com/blog/ins-outs-executive-compensation-negotiation
Tips for negotiating compensation at the executive level https://taxandbusinessonline.villanova.edu/blog/tips-for-negotiating-compensation-at-the-executive-level/
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