Now that the economy is slowly starting to level out, some of our candidates are being faced with the good problem of having more than one job offer in front of them. It’s a tough decision. You might think that the obvious choice is to go for the job with the biggest paycheque. WRONG! Money is important, but it’s not the only thing to consider when you are deciding between multiple job offers.
Before you go to a job interview, it’s important to plan a strategy to evaluate the job you are being offered. You need to consider your personal wants and needs. Here are the top five values to take into account as you weigh the pros and cons when deciding which job offer to accept:
1) Salary/Benefits/Vacation: You obviously want to be paid what you think you are worth. If you have multiple offers with similar salaries then look into other aspects of what the company and the job has to offer. In addition to the salary you should look at the full package. How extensive is their benefits package? Do the benefits kick in as soon as you start? Some benefit plans take effect after the probation period. You don’t want to be surprised by this later, especially if you have a family. How much vacation are they offering? Do they offer personal days on top of it?
2) Location: If you are going to be spending three hours a day sitting on the 401 as opposed to 30 minutes on the TTC, you really want to take that into account. A long commute means time away from your family or getting home to watch the hockey game.
3) Job Satisfaction: You want to get something out of your job beyond money. If one of your offers pays more money but you don’t think it will be as interesting, then the other offer that pays less but with more satisfaction may be a better choice.
4) Work/Life Balance: If you have a family or partake in social activities during the week, you may not be interested in working that 55-60 hour week job, EVEN IF IT PAYS MORE. This comes down to work culture. Find out if you will be expected to work long hours and weekends. Are flex hours available? Does the company allow people to work from home occasionally?
5) Job Security: Depending on the job you are taking you might start out at the bottom of the totem pole. Take into account that anything can happen, and your first few months at a new position are the most critical. You want to prove yourself right away. Which company offers you the best job security?
Most companies will ask you to make a decision within 72 hours from when the offer is sent out. If you are dealing with numerous offers, it’s important to be open and upfront with the recruiter or HR manager. I always advise my candidates to be open with me.
We are here to help and will do our best to guide you in the best direction based on the five values that I just spoke about. At the end of the day your decision must be based on your own judgement and what would be best for you and your family. Just keep in mind that there is more to choosing between multiple job offers than how much it pays.