What to Assess Before Accepting a Job Offer

Evaluating a job offer is more than just taking the job with the best salary.  Some key factors to consider in the process:

• Take time to consider the offer: Employers should allow a minimum of two weeks for you to consider offers. You may negotiate more time. You are never required to accept an offer on the spot. Offers are often contingent upon reference/background checks, drug testing results, degree completion, and GPA. When considering an offer, employers expect you to act ethically in your interactions. This pertains to presenting your qualifications truthfully and honoring your commitments. If another offer comes along soon after you’ve already accepted an offer, it’s not okay to back out of your first offer. This is reneging on an offer and is against Career Exploration and Success guidelines. This behavior reflects poorly on your professional reputation. If you are uncertain about accepting an internship or full-time job offer, schedule an appointment through Handshake to speak with a Career Exploration and Success career advisor. 
• Request the offer in writing: While the offer may be extended verbally, the written offer may contain important details to help you make an informed decision. Most employers will automatically send you a letter with the offer details. If an employer doesn’t send you an offer letter, you should request one.
• Evaluate the salary and benefits: Research the going rate for similar jobs, virtual/hybrid options, job duties, and industry. Benefits can include insurance, vacation/holidays, retirement options, health clubs, and childcare. Employee benefits can comprise up to 40 percent of your total compensation package. Evaluate salary offers based on the current cost of living in the job location.  $60,000 in New York City is not equal to $60,000 in Charlotte, NC. Utilize a cost-of-living calculator to compare salaries. 
• Consider the office environment and company culture: Every office has a different feel to it. Some offices are casual, and others are formal. Find the best fit for you. Consider how you align with the shared attitudes, values, goals, and practices of the organization you’re considering.
• Consider negotiable areas: Extensive research will enrich your discussions with employers when considering topics such as salary, benefits, virtual/hybrid options, start date, relocation, and more.
• Signing bonuses: Some employers provide signing bonuses, typically in high-demand career fields.