So hopefully you’ve been offered a job by another company.
It’s always a great feeling isn’t it?
Getting job offers means your skillset is in demand and there are companies out there who’d love to have you working for them. And in today’s corporate culture, switching jobs is one of the primary ways to grow professionally.
But should you respond positively to every job offer?
Well, it depends.
There are a number of things you should consider before making the final call.
Here’s a quick look at some of them.
1. Is it the Right Time to Switch Jobs?
No matter how attractive a job offer looks, the decision to switch jobs has a lot to do with the timing of the offer. If you’re early into your career you wouldn’t want to switch jobs too frequently without proving yourself because it makes your profile look bad and you’ll be perceived as a job hopper which no employer wants.
You might also not want to switch if you’re currently in the middle of a big project that can help you learn new skills or add a lot of weight to your profile because of its significance to your company. There can be many other reasons as well.
So before making any decision, ask yourself if it’s the right time to move. Because making the right move at the wrong time can cost you in the long run.
2. Is the Job Role Aligned With Your Career Objectives?
You’ve received an attractive offer that pays really well and offers more benefits than your existing company. But is it really a job that you want to do? Is it aligned with your long-term career objectives? Will it help you advance in your career or take you to a completely different functional area where you’ll need to prove yourself from scratch?
For example, your long-term objective is to build a career in web marketing in the tech industry. But you’ve received a high paying job offer for a digital marketing role in a pharmaceutical company.
Should you make the move?
Not in my opinion, because it will limit your exposure to the products of that particular pharma company and ultimately change your career direction.
But that’s just my opinion.
You should look at the offer and decide if it fits your goals.
3. What’s the Market Reputation of the Company?
Is the company known for low quality products, poor customer service, or dubious business activities? Do they pay on time? Do they violate employee rights? Have they been involved in fraudulent activities in the past? Do they have anyone with a criminal past on their board or founders list?
You don’t want a company with a poor reputation on your resume. It not only sends the wrong signals about you to prospective employers but also raises questions about your ethics and values.
So before accepting an offer, make sure the company has a clean record.
4. Does the Company’s Business Model Excite You?
This is perhaps one of the most important questions you need to ask yourself.
Do you really want to be a part of this company?
The answer depends on your personal preferences. Some people are driven by money alone. If that’s you, this point isn’t worth much of your time.
But research shows that employees, Millennials in particular, are motivated by meaningful work more than just their paycheck. A study of more than 26000 candidates found that 74% wanted to make an impact with their work.
For many people, working for a company that’s changing lives and making a real impact on the world is more important than anything else.
If you’re one of them, make sure you think about this point before accepting an offer.
5. Are You Comfortable With the Company Culture?
Is there a culture of staying late in the company? Is there a lot of politics and leg pulling? Do they have a diversified workforce? Do things happen at a brisk pace?
Every company works differently and not not everyone can adjust to different work cultures. For example, someone from the banking industry might find the culture at tech companies too fast and informal.
Similarly, tech professionals who’re used to remote and flexible working hours might find the conventional 9-5 settings too rigid.
6. How Much More Money Will You Make?
But don’t just look at the offered amount. Also consider the number of bonuses, any additional project based monetary rewards, and of course the frequency of appraisals and salary adjustments.
7. What’s the Opportunity Cost?
Unless you truly hate your existing job, there must be a few things you like about it. Are you ready to give them up for the new job?
Will you have the same authority and power as your existing job? Will your new boss be as friendly as this one? Will it be a longer commute to work?
Consider all the things you’re leaving behind before making the final call.
8. What Are the Growth Prospects in the Offered Role?
No one likes working in a stagnant job role. But growth prospects vary significantly across different organizations for the same roles.
Make sure you’re joining an organization that values your role and considers it an important part of its core business strategy. For example, engineers and coders are essential for any tech company. So their growth is guaranteed.
But for an FMCG (fast moving consumer goods) or a pharmaceutical company, tech related employees aren’t as important because they’re working in support roles. Naturally they won’t experience the same growth as an engineer working in the tech industry.
9. What Are the Company’s Former Employees Saying?
The opinion of a company’s former employees is often a good indicator of how it manages and treats its workforce.
What’s the number one reason people leave this company?
What’s their opinion on the company’s culture?
Are they happy with the way they were treated?
Has anyone raised any red flags about the company’s work culture?
10. Is the Company’s Business Growing?
You don’t want to jump on a sinking ship, do you?
Even if you’re offered a lucrative salary and benefits package in your new job role, make sure the company is also on its way up, or at least has potential to grow.
Otherwise you might soon find yourself without a job again.
11. Will they Invest in Your Learning and Development?
Successful people never stop learning because the more you learn, the more you earn. Make sure your company believes in this as well and is ready to invest in your development as a professional to equip you with the skills necessary to perform your job more effectively.
12. How Much Internal and External Exposure Will You Get?
This should be one of your key considerations while evaluating a job offer.
Will you have access to the higher management and the key decision makers of the company? Will your work be visible to them? Will you be given opportunities to interact with them?
This is crucial for your growth and development in the company.
At the same time, exposure outside the company in the form of conferences, networking events, seminars, and work related travelling is equally important.
13. Will This Job Set You Up for Bigger Things in Your Career?
You’re not planning to stay at this company forever, are you? Sooner or later, you’ll have to switch to another job.
How easy or hard will it be for you to find a new job after this one? Will this job make you a more desirable candidate for prospective employers? Will this add more weight to your resume?
Or will you rue the day you joined this company?