So you’ve got more than one job offer. Congratulations! Now what’s next?
Getting multiple job offers seems like the happiest problem to have. It may sound great but it is still a problem as juggling more than one job offer can be a bit tricky.
You need to consider several factors before you make your final decision. For each job offer that comes your way, you have to look at the pros and cons in order to help you choose the right company to work for. Here are a few tips to help you in the decision making process.
The first thing to do when you get the good news is to come clean about it. Be aware that it’s fairly easy for recruiters to get in touch with each other (especially if they’re in the same industry) and exchange stories. The safest thing to do is to let the companies who gave you the job offers know that you are in the running for more than one position and that you are studying your options.
Go back to step one and study each company once again. Check out their websites and social media accounts—what kind of impression do they leave on you? Likewise, read up on industry news to gain more insights into your research.
You have more information now so use it to your advantage. You now have gone through the job interview so pay close attention to the things that you’ve learned during the interview: What can you say about each company’s workplace? How about the people working there, can you see yourself getting along with them?
Finally, seek out the advice of your personal and professional networks if they have information about the companies who offered you the jobs. Ask the right questions—things like staff turnover, industry reputation and company culture are important things to discuss with them.
Weigh the pros and cons
After gathering the important details, it’s time to lay things out and analyze them one by one. For this part of the process, a chart may prove to be useful to help you compare each factor efficiently.
To do this, create two (or more—it depends on the number of offers you’ve received) columns which you will allot for each company. On the left side, list the qualities that you will be judging each company offer on. Here are the qualities and possible questions to watch out for:
Company A may be offering you 3x more than Company B, but it comes without benefit packages, whereas Company B’s offering may be lower but comes tied up with medical insurance, dental plan and food allowance. Which salary package would you prefer?
Although Hong Kong is tiny and getting from one place to another is fairly easy, the amount of time spent on commuting still matters. A study conducted by Canada’s University of Waterloo discovered that people with the longest commutes have the lowest overall satisfaction with life. Would you accept a job that pays more money even though it requires a longer commute?
How many hours are you expected to work in a day? How many days in a week? Is there any compensation policy for working overtime? Supposing one of the companies requires you to work from Monday to Saturday but offers you the chance to work from home, would that be fine with you?
How many days of annual leave are given? Are they convertible to cash if left unused? IWhat are the companies’ sick leave policies? If you are planning on getting pregnant in the future, what conditions are in place regarding maternity leave and paternity leave?
What professional development and continuing education opportunities are there within and outside of the company? Are there opportunities for growth in the company? What are your plans for the future? Which job offer would take you to where you want to be?
Do take note that these are just some of the areas that you should look into when deciding between offers. You can add more to your list to help you during the decision process. The key here is to think of the things that are most important to you.
Tell them your decision
Once you’ve come to a decision, inform each party of your choice as soon as you can. Remember, hiring managers are often working on a tight schedule so your quick response will be very much appreciated. As with all matters during the job hunting process (and in life, to a large extent), be polite to the people you come in contact with. Show your graciousness for both companies and thank them for this opportunity—yes, even with the company whose offer you’ve turned down. Remember: never burn bridges! Leave a positive impression even if you didn’t accept their offer.
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