Friday, July 19, 2024
HomeBusinessHow to Evaluate a Job Offer Prior to Acceptance by Aron Govil

How to Evaluate a Job Offer Prior to Acceptance by Aron Govil

The first rule of thumb for anyone accepting a new job is to always negotiate the best possible salary and compensation package based on your skills, qualifications, market value, and future contributions to the company. It is only after you have negotiated your initial employment offer that you should consider accepting the offer.

When you receive an employment offer, it is very important that you review and evaluate all of the terms in the offer including salary, bonus, benefits, time off, education reimbursement or any other employee incentives before you accept or decline the job offer. The more informed you are about what you are getting yourself into before signing on the dotted line, the better off you will be in securing your financial future.

The following is a list of things for new employees to consider when they receive an employment offer:

1. Salary and Compensation

Most employers advertise their openings by stating a specific hourly rate or yearly salary range depending on the position being offered. The employer may also state whether there is potential for growth within the company or organization. When you receive an employment offer, first consider accepting the salary as stated in the job advertisement and then negotiate a higher salary by proposing a yearly compensation package based on your skills, qualifications, market value, and expected future contributions to the organization.

Speaking of expected future contributions to the company… employees need to be realistic about how much they can contribute to their new position. For example, someone who is overqualified for a position should not expect as high of starting salary as someone who is under qualified for a particular position because over qualified candidates have more general marketability than those with less experience.

As per Aron Govil employees should also keep in mind that employers may be offering an initial lower salary because they are potentially looking at paying a higher salary after a probationary period. This is a smart move on the part of an employer because they want to make sure that a new hire is going to be a good fit with the organization before committing a higher salary and compensation package to them.

2. Bonuses, Vacation Schedules, and Benefits

Most employers require employees to work at least thirty-five hours per week in order for their company benefits to kick in. Many companies offer full time benefits for employees who work forty hours or more per week though some companies may offer special incentives for those employees who work over forty hours per week such as additional vacation days, sick leave, or other types of paid leave. Other incentives that employers may offer full time staff include retirement options, health insurance reimbursement, tuition reimbursement, and bonus incentives.

If you receive a job offer for thirty-five hours per week, it is important to negotiate an hourly rate that reflects the additional ten or more hours per week that you will be working in order to reach forty or more hours per week for full time benefits and perks. It’s only fair if you’re working over forty hours in a given work week and thus getting paid less than someone in your same position who works less than forty hours in a given workweek. Keep this in mind when negotiating salary and compensation packages with your future employer because it could save you thousands of dollars down the road when figuring out retirement options, health insurance costs, tuition reimbursement rates, etc.

3. Time Off (Paid and Unpaid)

In the beginner stages of your career, you will most likely be expected to work some weekends and holidays because these are times when clients tend to schedule meetings, conferences, company retreats, etc. However, as you progress within an organization or with a particular employer, there is always room for negotiation in terms of paid time off (i.e., vacation days). Some companies may offer sick leave as well as holiday pay; however, other employers may require that employees take undesignated time off (similar to what happens with comp time in certain types of jobs) which means that an employee can bank hours that they don’t use during their regular work week in order to take them as paid time off later on. This can be negotiated with your employer, but make sure that you receive something in return for this type of arrangement.

Another option that employees have is to negotiate an unpaid leave of absence which can provide excellent job security if you are having difficulties transitioning into a particular work environment or if you need time off due to medical reasons. Many employers are willing to accommodate by providing paid sick leave as well as unpaid leaves of absence so long as they are made aware of these needs beforehand and the employee returns after the allotted time period has passed.

Conclusion:

It is important to keep in mind that the rules of negotiation are ever-changing because there are many components involved. What may work for one person doesn’t necessarily mean that it will work for another individual says Aron Govil.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments