The Job Offer
Weighing and evaluating job offers is always difficult, even for those of us experienced in the industry. This becomes more difficult as the number of job offers increase, but not every person will be fortunate to have a pick of employment. There are many things to consider when you start evaluating options.
What to consider when you get your offer
First, everyone thinks about salary, but salary isn’t everything. For example, if you are going to be working 5am-1pm and you like to sleep in, you need to assess – will this position line up with my skills, values and interests? Here are a few things to consider:
- Type of work
- Work environment
- Benefits: 401K, Vacation, Sick time, medical, dental, etc.
- Employer and Industry
- Mission and Culture
- Developmental/Growth Opportunities, Training
- Additional information can be found in the Occupation Outlook Handbook found at http://www.bls.gov/oco/
Every year we ask students if they will relocate and usually the answer is, “for the right employer” or “if the money is good.” The biggest thing that you must consider when looking at relocation is the cost involved and the cost of living standards. Many students get excited because the salary package is larger but don’t usually consider that the home they live in may cost them four times more in the next a different town than it does in their area now. A good websites to compare the cost of living is: www.homefair.com.
Acknowledging/Accepting the Offer
Always let the employer know that you have received their offer, and if they have not indicated, ask them how long you have to make a decision. If you are still interviewing and cannot meet the deadline, you can ask for an extension, but it is not recommended. Many employers will not grant it and some may even withdraw the offer.
Accepting an offer should be done in writing. In your letter, confirm the terms and conditions set forth in the letter they wrote to you. You may just have to sign a letter they sent you, but it is still expected that you write out an acceptance. Once you send this letter, you have accepted an offer and it is a binding commitment. DO NOT RESCIND AN OFFER! This is considered unprofessional. It does not reflect well on you or other students from the school that have a chance to interact with the employer.
Declining an Offer
This should be done professionally in writing. Much like a business letter let them know that you appreciate their time and the offer they made you. Then let them know that you are declining their offer and why.