Most candidates would make the decision based solely on the compensation; however there are many other things to consider before accepting one of the offers. Choosing a company based solely on the monetary aspects of the offer will likely leave you regretting your decision later. We recommend you make a Pro/Con list so your decision can be well examined. Here are some things to consider:
Environment of the office: Finding a solid group of people who make you feel comfortable yet empowered is rare. As you evaluate each company, consider the team you will be working with and the management you will be working for. Are they the kind of people who will inspire you to reach your goals and grow professionally? Are they the kind of people who you trust and feel comfortable around?
Money: Yes, money is always going to be an important factor in situations like this…but only one factor. While money is not the key to happiness, no one can deny that having it makes life a little easier.
Benefit Package: While actual monetary compensation is important, don’t underestimate the non-monetary aspects of your offer. Do your offering companies provide health insurance benefits? How about matching 401K contribution? What type of paid time off do they offer? What about flexible work hours or an opportunity to telecommute? For a proper comparison, you must evaluate how important these benefits are to you. The company paying slightly less money but offering you these benefit options may better fit your lifestyle.
Opportunities for Career Development: Are you interested in learning a new skill or progressing in your current career? You should think about your future goals and decide which job will put you in a better position to achieve them. Perhaps an internship where you will be paid less but gain hands-on experience in the field you’re most interested in is more valuable to you than working a desk job in the back office of some giant corporation for a few more dollars a week.
Location of Company: Are you interested in the company 60 miles away but just can’t bare the daily commute? Are you open to relocation…but would truly prefer to stay where you are?
Stability of the company: Do your research and make sure you feel comfortable the offer you accept puts you into a stable, long term situation with a company that has a clear growth strategy.
Deciding between two great offers can be complicated, especially if it’s hard to find fault in either. Whether you are new to the industry or a season professional, this is not an easy decision. Just remember to weigh all monetary and non-monetary aspects of the offers, and make a decision based on your professional goals, while affording you an appropriate lifestyle.
We want to hear from you. How have you decided between multiple offers before?
Written by Katie Fidler
Investing in a Lifetime of Success,
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