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Evaluating An Employment Offer

Author: Pete Langlois/Thursday, November 21, 2013/Categories: SNI Companies, SNI Financial, SNI Certes, SNI Technology, Accounting Now, Staffing Now

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After a long and difficult hunt, you’ve finally received an employment offer. Congratulations! Any job offer represents a very important decision for both you and the employer. When you receive an offer, there are many factors to consider in your decision-making process. While there are hundreds of questions you can ask a potential employer, two of the most important categories to cover are: compensation and benefits.

It’s About More Than Salary

Most job candidates focus on their primary compensation question: What is the base starting salary? But there are several other questions you need to ask in order to get a complete picture of the monetary package being offered. Critical questions include:

  • Is there a signing bonus?
  • Is there an annual bonus? How are bonuses determined: individual or team performance?
  • If your bonus will be performance based, is it based on your individual performance, that of your team, or that of your organization?
  • Will you have access to any kind of profit sharing or stock options?
  • Do they offer a retirement plan? If yes, does the employer make contributions?
  • When will you be eligible for a salary review?
  • What have the increases in salary been historically for this position?

The future employer’s willingness to discuss these questions, and the information that they provide, will offer you great insights into both the starting and future salary for the position.

Benefits Beyond Health Insurance

With all of the current attention on the implementation of the Affordable Care Act, most job candidates know to ask for information on health insurance. However, employment benefits can extend beyond just health insurance and it is important to know exactly what a future employer has to offer before considering a position. When asking about benefits, job candidates should ask:

  • Does the company offer health insurance? How much money will you be expected to pay per month towards your health plan?
  • Does the organization offer disability insurance? Life insurance?
  • Does the organization offer mortgage assistance?
  • How many days of vacation do employees receive per year? Sick days? Personal days? Can paid time off be accrued or does the employer have a “use it or lose it” policy?
  • What are their policies regarding unpaid leave?
  • Are there money-saving amenities offered on site, such as child care, discounted dry cleaning or athletic facilities?
  • If the job requires long or unusual hours, do they have any kind of monetary allowance for meals or travel?

Getting the answers to these questions will help you to make a decision on whether to accept the position based upon the entire compensation plan including salary, fringe benefits, and additional perks that may be offered. That way, you're accepting, or rejecting, the job based on overall compensation rather than just one facet of it.

The possibility of starting a new position can be exciting. It is important for you to not let you enthusiasm get in the way of getting clear, complete, and accurate information on your job offer. Taking the time to get and analyze information on your job offer will help you avoid unexpected costs or benefit issues when it might be too late to do anything about it.

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Pete Langlois
Pete Langlois

Pete Langlois

Pete Langlois is the Chief Sales Officer at GEE Group. His blog leverages his decades of experience in hiring, training and retaining top talent and covers trends and issues of interest to employers and job candidates alike.

Other posts by Pete Langlois
Contact author Full biography

Full biography

Pete Langlois is the Chief Sales Officer at GEE Group. His blog leverages his decades of experience in hiring, training and retaining top talent and covers trends and issues of interest to employers and job candidates alike.

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