When looking for a new job, it can be easy to get carried away with excitement. Once you are officially offered a position, things can start to move at an accelerated pace. Before accepting any offer it is important to slow down and consider every aspect of the position and its benefits package carefully.
DO consider salary.
Does this new position offer enough compensation to comfortably allow you to meet your financial needs? If you do not consider this up front, you may find yourself back on the job hunt sooner rather than later; this is bad for you and for the employer. It is much easier to negotiate salary up front than it is to attempt to get a raise at a later date. Some compensation packages are negotiable, others aren’t- but you will never know unless you ask.
DON’T only consider salary.
Does the employer offer a flexible schedule? Is the work environment stimulating and positive? These “quality-of-life” factors can greatly impact your happiness and wellbeing. Pay is important, but no amount of money is worth being in a place that you dread.
DO consider the commute.
If you live in a large city, chances are you are accustomed to having to sit in traffic on your way to work. A long commute can wear you down after a while, so it’s important to consider how long you should factor in for your morning and evening travel. In a very large city like Los Angeles or Washington D.C., a thirty mile drive can easily turn into an hour and a half commute on a traffic-heavy day. Make sure you map out your new route and factor in traffic and weather.
DON’T forget to think of the future.
It’s important to ask yourself whether the company seems financially stable and whether they offer opportunities for long-term growth. Is the company in a booming industry, or is it on the decline? Do they tend to promote from within, or do they lean more towards external candidates? You can’t always determine these things up front, but it’s good to keep these questions in mind when researching the company and meeting potential new coworkers.
DO evaluate the health benefits package.
Does the new position provide health insurance? Is the coverage comparable to what you currently have or are ideally looking for? Does it offer vision and/or dental coverage? How much will it cost to add your family members, if necessary? Nothing is more important than your health, so this is one of the most important factors to consider.
DON’T overlook other employee benefits.
Retirement plans, wellness benefits, stock options, vacation time- these are all very important benefits to consider. These benefits can greatly increase the overall value of a job offer, and may even make a job that offers a lower salary more desirable than another one that offers a higher salary.
While more money may be the solution for many problems, excessive stress and an unhappy work environment can ruin morale and can negatively impact your joy and well-being. When you receive a job offer, just take a moment to consider the big picture. As a great philosopher once said, sometimes it’s “Mo’ money, mo’ problems.”
Note from HandelontheLaw.com: This article is to be used as an educational guide only and should not be interpreted as a legal consultation. Readers of this article are advised to seek an attorney if a legal consultation is needed. Laws may vary by state and are subject to change, thus the accuracy of this information can not be guaranteed. Readers act on this information solely at their own risk. Neither the author, handelonthelaw.com, or any of its affiliates shall have any liability stemming from this article.