After combing through job opportunities, going on interviews, and sweating over the details, receiving a job offer can seem like a spiritual moment. Our self-confidence jumps up tenfold and we feel like we could conquer the world. However, every once in a while, we realize that we may have accepted a job offer too hastily and didn’t get the best deal we could have possibly received. If you have done this once, you usually make a promise to yourself to never do it again. Learn from the lessons of others, and follow a few important tips when it comes to considering a job offer.
When reviewing a job offer, ensure that you understand everything included in the offer and comb it for anything that is obviously missing. It goes without saying, if you don’t understand fully what is being offered, you may accept something you didn’t plan for or didn’t want. Go through your notes from your interview, and see if there was anything that was promised or mentioned that is not included in the offer.
For example, make sure you understand the details of your benefits including the specifics of the medical plan and its cost per paycheck; any vacation or sick time, employee discounts and deals, retirement plans, stock options, etc. You will want to examine that the job description is clearly laid out including expected travel time, and the salary and potential bonuses are defined in exact terms. If any of this is missing from the job offer, you should immediately request that additional information be provided from the recruiter or Human Resources department. You must be fully informed to make a good decision.
Give yourself time to consider the job offer. Often when we are still high from the adrenaline boost of receiving the offer, we don’t see some of the cracks or faults in the fine print. Allow yourself some time to enjoy the rush, but then get down to the business of truly examining the offer. Be sure you know when the company expects an answer so that you don’t accidentally let the offer expire.
There is also another reason for taking some time to review the offer. If you tell the company that you need to think about the offer, it automatically puts them on the alert that the offer may not be perfect. There is nothing wrong with letting your potential employer sweat a little. This may cause them to immediately submit a second offer that is a sweeter deal, or open the door for conversation on how they can improve upon the offer, either of which is nicer for you.
After reviewing the job offer, consider a counter offer. Most companies expect you to come back with a response, hence they tend to low ball the salary in anticipation that you will come back with a higher counter offer. If you don’t ask, you won’t get. It is better you ask and they turn you down, than you don’t ask at all and leave money on the table.
Although it can be hard, don’t be afraid to walk away from an offer that isn’t going to meet your needs. If you know what you need to live and survive and the offer doesn’t measure up, walk away and find another opportunity where you will be happy from the moment you walk in the door. Politely decline the offer, and thank the company for their time and effort in putting it together. It is also good practice to be specific about what in the offer or the job opportunity caused your decision.
If you accept something that may make life harder or more difficult for you, a good job opportunity will turn into a huge burden. It can cause you to be disgruntled later on because you aren’t making enough money, or doing too much travel, or don’t have enough health insurance. Be sure you are comfortable and happy with what the job is offering today, not the potential it may offer down the road.
Another benefit to politely walking away from an offer is that it too may set in motion the company to try and create a better offer for you. This is obviously dependent on many factors, including if they have another candidate waiting in the wings, or how strongly they feel about you. However, there is a small chance that they may want to keep you interested and therefore counter with a sweeter agreement.
Job offers are a glorious thing, but don’t get so blown away by the fact you have a job offer that you forget to do your due diligence. You are looking for a job because you want to find the right fit for you. There are so many unknown factors when you get into a job, so do your best in ensuring all the factors you do know, such as salary and benefits, are where you want them to be.
You have made up your mind about the job offer? Following are some examples of job acceptance letters and job refusal letters:
- Job Acceptance Letter of an Accountant
- Job Acceptance Letter of an Executive
- Job Acceptance Letter of a Sales Professional
- Job Refusal Letter of a Receptionist
- Job Refusal Letter of a Healthcare Professional
- Job Refusal Letter of a Business Analyst