What is the most important thing to you when considering a job offer?.
Does more money equal a better career move? Does a higher salary equal more cash available in the bank? Do you put a financial value on your benefits when you move job? Do you look at the immediate financial here and now when making a move or do you look to where that move might take you in a few years’ time? What about the impact that a new role has on your personal life and everything that might be going on within it? So many things to consider but what comes top of the list?
This kind of tricky thought process around making a move is something which is happening to one of my candidates right now. This individual has gone through a lengthy interview process, ending up with an offer of employment with a salary that is a decent step forwards but less than he has initially wanted/asked for. Doing the calculations, he realised that due to a difference in benefits he was going to be slightly less well off in terms of net pay. However, the role offers a great opportunity in the short term and career progression in the longer term (something lacking for him where he currently is) which are one of his main reasons for looking. Moreover, he is going through some serious change in his personal circumstance (very positive change but a major change in circumstance). What to do…in a great job, no push factor beyond long/medium term career development versus a great job with strong career potential but less net pay and benefits at a time when a lot of new costs and change are entering his life! A very tough decision and whatever is decided there is an up and a down side.
Here's a list of things I would want to take into consideration (I am assuming you have decided the actual role content is one you want) – I accept it’s not comprehensive but all factor in before making a choice otherwise you can end up making the wrong decision.
- Salary – what it means for your net pay, what benefits are being offered (what do you currently have which you won’t be getting now?)
- Location (and travel therefore to office or multiple offices)
- Additional costs involved with role which cannot be expensed
- Hours and what this means to your personal life
- Future career options (learning and development support)
- Work/life balance – how will it impact on your personal and/or family life
It is no wonder moving jobs is one of the most difficult decisions you will make, and it is important that all parties realise this and give an individual time and support, without pressure, to decide. Not all job offers equal a clear-cut decision and there is far more to consider than purely the salary number that is offered.
What is the key factor for you when considering a new offer?