How do you evaluate job offers and choose the best one for you? Before you sign a contract for your first job out of college, it’s best to consider other factors in addition to the salary offer. Other considerations often contribute to a better choice for your first job. The following considerations will help you evaluate multiple job offers.
When evaluating the initial offer, try not to evaluate the position against the perfect job offer. Instead, evaluate it against the next best alternative. While salary is certainly an important element of a job offer, it is not the only thing to consider. The value of an offer includes all of the benefits and other perks provided to you as an employee. Therefore, try not to look exclusively at salary as the measure of acceptability.
Benefits include basic insurance coverage as well as many additional perks offering true tangible gains in relation to the competition. Here are some basic elements of benefit plans to consider:
- Insurance (medical, dental, vision, life, disability, etc.)
- Leave (vacation, holidays, sick days, personal days)
- Retirement or pension plans
- Employer contributions to supplemental retirement or other accounts
- Profit sharing or stock options
- Tuition reimbursement
- Maternity or paternity leave
- Overtime or flex time
- Commuting or parking reimbursement
- Moving expenses
- Sales commissions or bonuses
- Training programs
Need assistance weighing your options? You can schedule an appointment with a CAP career counselor online, or schedule an appointment by calling us at 540-568-6555.