Is Money Everything? Key Elements to Think About When Considering a Job

January 10th, 2014

You just got a job offer! Congratulations! But once you’ve gotten over the feeling of triumph, you’ll need to think about several things while you decide whether this opportunity is really the right one for you:

First, think about the position itself and what you know about its requirements, key tasks and responsibilities.

  • Will you enjoy the day-to-day duties of the position?
  • Will you be challenged?
  • Is the level of responsibility appropriate considering your experience?
  • Are you willing to make any required lifestyle changes, such as travel, a longer commute, or very rigidly scheduled work hours)?

Second, take a long look at the company. You spend about half of your waking hours on the job, and you won’t be happy in your life if you’re not happy at work. Make sure the environment is one you feel comfortable in. Is it very formal and rigid or more laid back? Then consider the work styles of your future boss and co-workers. If you sense that you and your potential colleagues have conflicting styles or personalities, think hard about whether this is the right position for you.

Third, consider your opportunities for growth.

You don’t want to get stuck in a dead-end job. Before you accept a position, you need to know:

  • Have people who held the job before you moved up with the firm?
  • Does the company have a history of promoting from within?
  • Does the company have specific development and advancement plans for this role?

Fourth, you do need to review the total compensation package.

Of course, money has to come into the picture if you’re not independently wealthy. While it’s not just about the money, start with that.

  • How does the salary compare to what you made in your last position?
  • How does it compare to what your colleagues at your level and with the same skills earn?

Then take a look at the benefits package. How generous or creative are the perks? Can you telecommute or create a flexible schedule that will save you money elsewhere, such as daycare? Sometimes benefits can make up for a little less in compensation.

Answering these questions should help you decide whether to accept, reject or negotiate a better offer. If you’ve asked yourself these questions and still aren’t sure what you want to do, conduct some additional research or ask the employer more before making your decision. And if you’re still unsure about the best direction for your career, call Synerfac!

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