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Evaluating a Job Offer

Find the Right Fit

Trying to decide what is right for you? There is no right or wrong way to make a career decision, your choices should reflect both personal and financial priorities. It is important to take time to research and evaluate opportunities and their relevance to your life and career goals.

Know your market value. Now is the time to apply your research skills and do your homework. Salary is often based upon the value of your ability to produce:

  • What is the national average for graduates in your field?
  • What special skills and experience do you have to offer?
  • What is your bottom line and how can you improve their bottom line?

Salary is only a part of the benefits package and evaluating an offer goes beyond compensation:

  • Job - Does the position help you meet your current and future goals?
  • Location - What about the commute and cost of living?
  • Organization - Have you considered the company culture, people, and relationships?

You have worked hard, hopefully with an end in mind but remember this is only the beginning:

  • What do you need from a boss, supervisor, mentor, or team?
  • How do you fit in and where does this opportunity lead?
  • What are the onboarding, job training, and professional development opportunities?

NACE Salary Survey

You may be asked about salary requirements in the initial stages of the job interview process:

  • Research the job market and learn the salary range for the types of jobs for which you will be interviewing
  • Determine your minimun requirements and be prepared to consider a reasonable salary range and benefits
  • Avoid naming a specific figure, simply say you are open to negotiation should you be offered the job

You have already quantified your qualifications, now it is time to negotiate based on your unique knowledge, skills, and abilities in relation to the job and job market:

  • Negotiation involves compromise, work to acheive a win-win situation
  • Don't discuss your personal or financial problems, focus on your ability to perform and achieve results
  • Some salary scales are non-negotiable, you might ask for accelerated reviews or non-fixed benefits such paid memberships, time off, flexible schedule or a delayed start date

Don't get carried away with your new spending potential, map out a plan to allocate your paycheck so you can get where you want to go. Take time now to plan, budget, and save so you can set and reach goals, from paying off student loans and credit cards to supporting your family and saving for retirement.

For budgeting tools and worksheets: Try CashCourse