Let’s understand The Approach to evaluate job offer

Every time we get a Job Offer we feel blessed, accomplished, positive and happy but also struggle to understand how to evaluate job offer in hand? I would like to enable you to make an informed decision when you consider the next job offer. For many a Job could be a way to livelihood but for many it could be a passion.We are actually made of sentiments rather than mathematical numbers which is why whatever calculation we do finally the decision is based on what our heart says.

evaluate job offer

I would like to emphasise on two main categories that are important to understand in terms of understanding a job offer,

1- Interest Area 2- Fulfilment.While working in preferred field/skill/geography/team/ location could be associated with “Interest”.Salary, work-life balance, various opportunities, culture could be associated to “fulfilment”.

 

 

 

So what other points we may have? Let’s take a look :

The Brand:

The goosebumps you get when you hear about your favourite company is certainly positive because I strongly believe that everyone has a dream company in their mind and picking that out the lot should be easy. The issue, however, is with company not in our list or unknown to us, I would suggest that you prepare one or at least get yourself familiar with companies you wish to work.

I would like to share my personal experience here: When I got a call from “Conduent” for some role and I refused to appear in the interview. Obviously I didn’t know about the company but later got to know that it’s a Xerox company and considered to be a good one. In Case with Micro Focus, It was in my list of preferred companies because of its acquisition of “Borland” Test Automation Products & I was in automation at that time. When I got the offer from the company I did not take much time to say yes to them.

The Role:

To evaluate Job Offer, the work you are going to do should be your topmost priority after the brand because we don’t get a salary on a daily basis, It’s our work which defines our job. Find out what is a daily job, how many people it involves, to whom you would report, which business unit it falls in, is it too much?, is it too complex? etc work-life balance.

The CTC (Cost to Company):

Most of the people I met just decide on brand, role, and money so it makes sense to keep it in the top 5 of our discussion today. What you should consider in CTC should be the question? You may consider asking for How much you would get against the role offered? The complexity of the role? Is it the niche skill you have? How much you should be getting in top-notch company? How much % of increment is offered? How much in hand you would get? I strongly believe this generation of Indians are dreamers and certainly would not rest until their dreams are realised even if they compromised on a low salary for that time being.

The Team:

A team is a unit in the organization which delivers some work on a daily basis and drives organizations objective. Some role is individual like consultant, architect, sales rep, trainer, etc and some are team roles like developer, tester, clerks, data analyst, release manager.

A team role involves a person to take input and provide output to another individual making both of them dependent on each other. An individual player role requires you to work independently and provide output to leadership instead of a team member. One should ask himself Is it an individual role or a team role offered to him? How many people does he need to interact? Whom he will report to? What is the location of the team, what is the work timings of the team?

The Growth Factor:

Growth refers to the role as well to money. It could be in the form of moving up in the role to manage other than your own work Or working directly for leadership, working in your favourite technology/skill area, Working for clients (onsite roles) and working for a team where moving to next band is comparatively easy?

Growth in money terms would be band upgrade, good performance appraisal, good bonus payout, opportunity to earn extra money ( short onsite roles/assignments, taking up another project) and finally good incremental salary. Growth is not subject to  friends, liking & comfort. One more point related to growth, now a days learning opportunities are also considered as growth factor in any organisation. Check out if your organization provides some online free courses, classroom sessions, industry certification or your role demands you to learn new technology for free after a certain period.

The Rotation Factor:

One should consider this very carefully if no information available then ask for it. Basically you need to consider if you don’t like the role of what happens? Can the organization facilitate you with another similar job? Is there any rotation policy for onsite resources? Can you change teams? Idea is that organization should not hold you in one position you were hired for, in fact, it should allow you to take up other roles where you can contribute better and that is called the true positive culture of a company.

Financial Position of Company:

When you evaluate Job Offer, do try to know Financial position of company.Many of my friend including me have worked for a startup or small firm and had to leave because the company could not pay you well. In case of startups, I would suggest knowing about funding for at least 2 years and products/services should be in the final phase. If not then stock up your grocery for two years, stash money in the bank and pray god to get success. In case of a large established player, I would urge you to take a look at the financial results company if not available publically then ask for it from HR rep.

My interesting experience: I recall leaving a company in just 7 months because the company could not pay the quarterly bonus well to me. I was paid 2-5% of promised quarterly bonus for three quarter’s even though we did well as a unit, on top of it I figured that the formula used to pay the bonus was incorrect, I could have never got 100% of bonus in the same company. It pinches when your 20% CTC is variable and 80% is fixed and company is debt-free & not paying full bonus.

The Feedback from trusted sources:

We usually tend to call up a few friends and do internet research about the company, good and its normal. What will be challenging is that do we ask the right questions, do we do enough research on any company? Is there any website ( I know Glassdoor exists) that provides the feedback we are looking for? We all are smart enough just to leave you with my questions: What type of people gave feedback? How recent or comprehensive is the feedback? Is it a Robot or a real person? What does twitter say? What do your friends or Seniors suggest?

Your Personal Factor to evaluate job offer:

In city like Bangalore commute is the biggest stress contributor so I decided to live close to the office, is that what your priority? In some other case, Five Star like facility and good working culture could take lead. What else can be thought of? Free Food, Company Shares, Onsite Location, Company-owned leased a car, free medical insurance or life insurance, close proximity to my native, major projects in Govt dept, major play in one single area? A company known for bonus and employee benefits.

I believe one should look beyond financial side of salary and draw a wholistic picture of what is important in a career, being open and positive will always help you take right decision.

Also read about:

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Amit Mishra

About the author

Amit Mishra is an IT professional around 2 decades of experience in Software Industry. He brings deep experience in Solutions, Quality, Sales, Marketing. He is mentor to MBA students at JAGSOM Bangalore and always helps people with varied career aspirations.

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