Evaluating a job offer is more than just taking the job with the best salary. There are many factors to consider which will help inform your decision. Some key factors to consider in the process:
- Take time to consider the offer: Based on the Rutgers on-campus interview (OCI) guidelines, the employer should allow a minimum of two weeks for you to consider the offer. 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. It’s not okay to back out once you have accepted a position because another offer comes along soon after. This is reneging on an offer and is against Career Exploration and Success offer/acceptance guidelines. This behavior reflects poorly on your professional reputation. If you are uncertain about accepting an internship or full-time job offer, speak with a career professional in Career Exploration and Success.
- 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.
- Evaluate the salary and benefits: Research the going rate for similar jobs, including location, 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. Remember to evaluate salary offers based on the current cost of living in the city you will live in. $60,000 in New York City is not equal to $60,000 in Charlotte, NC. Utilize a cost of living calculator to help you compare salaries.
- Observe 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 company you’re considering.
- Consider negotiable areas: Extensive research will enrich your discussions with the employer when considering topics such as salary, benefits, start date, pre-scheduled travels, relocation, and more.
- Signing bonuses: Some employers may provide a signing bonus, typically in high-demand career fields.