Job Offer Evaluation & Negotiation
Congratulations, you successfully made it through the recruiting process and have received a job offer! Now it is time to evaluate the offer and decide how to negotiate! While you may think the job offer consists strictly of salary, it is much more than that. Job applicants should consider the following when evaluating a job offer:
- Salary
- Bonus Opportunity
- Profit Sharing/Stock Options
- Benefits (Medical, Life, etc.)
- Advancement/Promotion Opportunity
- Company Culture
- Location of Position
- Skills and Interests
- Hours
- Company Turnover Rate
The right time to negotiate a job offer can also depend on many factors. You need to evaluate the job offer thoroughly prior to even considering negotiating with your potential employer. The one thing you do not want to happen is to offend the employer and have your offer retracted. A few factors to consider before you negotiate include:
- Your Work Experience
- Current Economic Climate
- Company’s Financial Health
- Location of Position
Work experience is one factor you must consider before you start to negotiate. You should be cautious negotiating with a potential employer if you have applied for an entry level position with little (less than 1 year) or no work experience.
*Information provided by the Bureau of Labor Statistics, Occupational Outlook Handbook.
