5 Elements of a Job Offer You Can’t Refuse

Source: US News

What makes you pick one job offer and disregard the other?

“Everyone would rather be paid more than less, but does a high enough (whatever “enough” means for you) salary automatically equate to a job offer that is too good to refuse?” poses Arnie Fertig.

Here are five things you should consider before turning down a job offer.

1. Your career arc.
Where are you in the course of your overall career?

Some people thrive while managing others and working their ways up to the C suite of offices.

Others would rather earn less to be hands-on individual contributors, without responsibilities for the work and productivity of others.

Maybe work-life balance is more important to you than the required extra hours and stress of a higher-paying position.

Alternatively, as you climb the ladder of success, a position in which you can gain particular skills and experience or rub shoulders with people who will be important to you later might trump a somewhat higher current salary.

2. Corporate or employer brand.
Some companies go to great extents to become known as great places to work and have solid employer brands.

Salary is one of the components of this designation, but certainly not the only one. On the other hand, sometimes companies with poor brands will offer greater salaries in order to attract the workers they need.

Only you can decide whether it is worth going to work in such a place.

Think ahead to your next job search, whenever that might come. It may be more valuable to have an association with a solid company than with a company that is unknown or has poor reputation.

3. Intellectual challenge.
Does the salary trump the nature of work you will be doing?

Some companies are content to do things the way they have always been done, while others are more likely to value your capacity for innovation.

Some people are devoted to expanding the whole realm of human knowledge and prefer to take academic teaching or research positions, which typically pay less than jobs in the corporate sector. For some, the demand and opportunity to use the mind and avoid group think settings may trump a higher compensation.

4. Ability to do good.
The nonprofit and philanthropic sectors of the economy are large and provide opportunities to aid virtually any conceivable personal cause or element of culture.

Yet, like the business and manufacturing sectors, these jobs require people with similar skills in terms of leadership, financial management and human resources. Salaries are typically somewhat lower, but the knowledge that you are somehow helping others or society as a whole may make up for it.

5. Overall compensation.
Salary is only one component of your overall financial compensation. Financial service and sales positions, among others, often have significant portions of compensation tied to individual and overall corporate performance.

Also, the formulas used and overall compensation programs are frequently overhauled.

While companies often have similar kinds of benefits, they aren’t all equal. The costs and particular benefits of health insurance are likely to vary significantly from company to company.

However, it is nonetheless well worth taking a careful look at how retirement funds are handled at any perspective employer.

Talk to us…what persuades you to take up a job offer?

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