How to Choose Between Two Job Offers
You’ve thoroughly searched for a job, updated your résumé, and networked tirelessly on both the internet and in person. Your diligence and hard work have paid off handsomely.
You’ve been presented with two tempting job offers. Congratulations!
Congratulations if you are choosing between two jobs! Your job quest has been a labor of love, and it has paid off.
But after the celebrations are over, you’re faced with a serious problem. How can you choose wisely when faced with a decision between two jobs? Having two job offers on the table can sound like the ideal situation, but it might be difficult to choose between them. If you’re having trouble deciding, we have highlighted below some essential factors to take into account when chooseing between two jobs.
How To Decide Between Multiple Job Offers
1, Gather as much information as possible on both job offers
Obtain as much information as you can about each offers before continuing with your investigation. Along with the pay that each position offers, it’s crucial to know information such as;
* Benefits package included in both job: Is health insurance included in the deal? Consider dental care. If so, what coverage do you have? Are you required to contribute to the premiums in any way? Your dependents, do they qualify for coverage? If so, how much would it cost to enroll them in the relevant plan(s)? What about disability and life insurance? Do you have access to the company’s retirement plan? Make sure you consider each benefit.
* How much vacation time you’ll get: What benefits, such as paid time off for sick or family emergencies, are provided by each employer?
* Additional compensation to salary : Does either position provide a performance or sign-on bonus? How often do they provide promotions? Are you going to be qualified for stock options?
*How does each Job Offer manage business travel: How much travel is necessary for the job, if any? How are expenses for travel managed? Will you be expected to work within the constraints of a per diem, maintain an expense account, or front your travel expenses before requesting reimbursement?.
2, Don’t get blinded by salary
While compensation is an obvious element in any job offer and should appropriately reflect the degree of labor expected, it should not be the primary factor determining whether you accept or reject an offer. Other non-monetary benefits of a position may include increased responsibility or exposure. If you want to make an unbiased pay selection, forget the cash package and instead focus on what excites you about the two offers.
When deciding between two job offers, one obvious question arises: Which one pays more?
Of course, salary isn’t the only consideration. Personal fulfillment is also essential. So what if the job you don’t actually want pays significantly more than the one you do?
In this situation, you must decide whether a bigger compensation will compensate for a job you do not find very attractive. Yes, you’ll have extra money for non-work-related expenses. A larger wage, though, might not make you happier if you spend 40 or more hours a week doing a job you find less fun.
3, Think long-term
While it’s tempting to get caught up in the excitement of having two good job offers on the table, take a step back and consider what life would be like if you end up working for each company for the next five years.
Is this something you can envision happening with each company? Do you regard this organization as a good fit for your long-term career objectives? How would this job help you advance in your career?
Of course, there is no hard and fast rule that you must continue with one job or one firm for five years, but that time frame provides a great prism through which to analyze how you truly feel about the opportunity being presented.
It will be very clear which of the job you are going to choose if the thought of being there for five years makes you shudder (or whether you really want to work at either job).
One of the main reasons people switch jobs is to advance their careers, therefore your long-term career goals should be taken into account while deciding on your next move.
Every job move a candidate takes will have an impact on their long-term career goals, therefore making the proper choices is critical. Long-term objectives should serve as an end goal, and any career you choose today should get you closer to that end goal.
Consider what each organization can do for you rather than what you can do for them. Recall all you learned about the position, the company, and the culture throughout the interview process.
Then, ask yourself the following questions:
- Which job still lines up with my career goals?
- Does one job have more opportunities for growth than the other?
- Which job will challenge me?
- Which job offers me the chance to learn new skills?
3, Assess the work/life balance
Work/life balance means various things to different individuals, so examine how each role will effect your particular wants and expectations. If applicants have young kids or other commitments, the opportunity to work from home or in a flexible manner may be more important. Consider the location and commute for each position, since this will have a substantial influence on your day-to-day life, however some firms may provide advantages such as daycare or gym membership to counteract these concerns.
4, Consider the company cultures
The culture of a firm is vital when determining which offer to accept since you need to be confident you’ll love going to work every day. What defines a strong cultural fit mostly relies on the person; nonetheless, you should seek hints and insight wherever possible to determine whether the workplace is suited for you, such as questioning friends or ex-employees who may be familiar with the company.
You will be spending a significant portion of your waking hours at one of these occupations. Conduct some study on the company’s culture and working environment. Examine them out:
- Visions and core values. Do they align with your own?
- Leadership. Are the company leaders people you admire and respect?
- Work-life balance. How does the company treat its workers in terms of work-life balance? Does this align with your feelings?
- Communication styles. How open are communication channels, and how do you think this could affect your job satisfaction?
Rate the reputation of each firm. You may utilize data acquired from online evaluations on sites like Glassdoor as well as interviews with current and past employees.
How does each firm do in terms of treating employees fairly? What do customers think about each company? Would you be ashamed to be associated with one or the other?
5, Trust your intuition
If you’ve done your research on the organization and the specific chances available, you should be in a good position to make an informed decision about which job to take. However, no matter how much thought has gone into the choice, accepting a new role is never without its risks.
Although being risk-averse isn’t always a negative thing when looking for a new job, there may come a time when you just have to trust your intuition and take that risk!.