Which Job is Right for You? How to Pick When You Have Multiple Offers.
You’ve done the unthinkable and landed not just one, but multiple job offers. Congratulations! But how do you chose which is best for you? Take some time to walk through the following steps to evaluate the offers.
1. Ask for the offer in writing.
Before taking any action, ask the employer to share a written offer letter. This letter will spell out the details such as salary, start date, vacation, stock options, relocation package, and benefits. You’ll need to have all of the data before comparing offers. For example, one position may offer a higher salary but no stock options whereas another could provide a lower salary but high amount of stock, which could end up being more valuable in the end. Take some time to think about what is important to you. Would you rather have more vacation days each year or more money to relocate to a new city? It’s easy to simply go for the higher salary, but recognize that there is more to it and analyze each piece of the offer.
2. Evaluate the environment.
You’ll be spending the majority of your waking hours in this new workplace, so you’ll want to consider the people and culture there. Will you enjoy working with your colleagues? Can you get on board with the mission and vision of the organization? What’s the room for growth within the organization? Ask follow up questions to get answers about the culture if you still have lingering concerns after the interview.
3. Compare finances.
Cost of living calculators can be useful tools here, especially if you are considering offers in different locations. Perhaps one job offers a much higher salary, but the cost of living is also greater. Take your living expenses into account and calculate a budget if you were to accept each job. How much money will you bring home each month? How much will you spend vs. save? What are your financial goals?
4. Consider the “extras.”
Beyond benefits or relocation, many organizations also offer additional perks such as tuition reimbursement, gym memberships, free meals, or company travel. Again depending on your own goals, some of these extras may be more important to you than others, so take some time to think through the value of these items.
Evaluating offers takes time. Some employers may ask that you give them an answer within a day or two. Others may provide you with 1-2 weeks. If you feel your window of time to come to a decision is too short, politely ask the employer if they would be wiling give you more time to evaluate your options. In the end, it’s worth knowing that you have considered various factors and made the best choice for you.