Whether you’ve been unemployed for a period of time and are eager to get back to work or proactively looking for a new opportunity, determining if a new job is a good fit is important. Not just “any job” will do if you’re looking for a career that satisfies and provides.
You’ve gone through all the interviews and managed to rise above the sea of hundreds if not thousands of other applicants and been offered the job. Congratulations! That is no small feat in today’s business climate.
Now it’s time to evaluate the offer and determine if you’re going to accept and what, if any, areas you wish to negotiate. A job offer is more than just a salary, even though that is the first thing that pops into many minds.
Here are the things you want to consider as you make your evaluation.
This is what we think of first. What is the yearly salary? Is it sufficient for what you need/want to earn? Is it fair based on the skills you bring to the table and the nature of the position?
What makes base salary so important is that everything else from benefits to pension gets calculated off of this figure. Even a small increase in base salary can mean tens of thousands of dollars (or more) over time. Consider negotiating if appropriate.
Other Financial Compensation
What other ways can you receive more money in the position? Are there bonuses? Additional commissions? Other financial incentives? Depending on the position, these other financial considerations can add up to a sizable sum.
Both health and retirement benefits can amount to a sizable chunk of your income. Does your company offer health benefits to your LGBT partner? If you’re in a state with marriage equality or civil unions, how is this recognized within your company’s benefits? Can you also obtain life and disability insurance at a low cost for yourself and your partner?
While traditional pensions are slowly becoming a smaller and smaller portion of the retirement picture, any pension or 401K matching is another very important criteria. It is like “free money” you cannot afford to pass up. It can add up to thousands of dollars or more each year.
Paid Time Off
To me, paid time off is one of the most important benefits of any job. How many holidays, vacation days, and sick time (often combined into “paid time off” or PTO) do you get? When do you receive more? Can they be accumulated? Remember that any time someone pays you for not being on the job, you are being richly rewarded. Don’t take it for granted.
Commute and Travel
What does your commute look like? Ideally you’ve considered this during the course of your interview process. At this point, commute and/or travel shouldn’t be a deal breaker unless expectations of the job have radically changed during the course of the hiring process. Yet it is still something to factor in—both the financial and personal cost of commute time and any business related travel.
Opportunities for Advancement
Understand what opportunities you have for both financial advancement and professional development. Is this a place where you can grow and develop? Will it give you incentive to stay beyond the first 12-24 months?
Perhaps the most important question you can ask is, all things considered, is this position at this point in time a good fit for you and your LGBT family? Does the culture let you bring all of yourself to work? Will you have to hide your sexuality or can you be out to the level that you want to be?
While you can never know with 100% certainty that a job will be a good fit, if you’ve taken the time to do a full evaluation of your offer using the questions above with both your head and your heart, you will be empowered to make a wise decision.
Paula Gregorowicz plucks business owners off the hamster wheel of struggle, self-doubt, and feeling overwhelmed, and helps them create a life they love while building authentic, sustainable businesses. Learn more about her unique approach of practical action and inner awareness at the Paula G. Company.