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Black Collegian Career Center
You're Hired!
Evaluating Your Job Offer
by Kim R. Wells
You're hired!
Magical words to the ears of every graduating student. With a job offer finally in hand, you may want to
take a deep breath, celebrate the moment, and jig around the room, whatever you need to do to celebrate.
You deserve a celebration!...But when you finish it, don't sail away into euphoria
just yet. You still have some unfinished business. It's time for you to roll up your sleeves and enter into one of
the most critical phases of your job search campaign; it's time to carefully evaluate and if necessary negotiate
your job offer.
Manage the Moment
When a job offer is extended, it's amazing how quickly the moment can
shift from celebration to gut-wrenching anxiety. Being a little uncomfortable is ok and quite frankly a very natural
response to having to suddenly engage in a sensitive and potentially life-altering discussion. As they say,
life sometimes comes down to a few defining moments that can change the course of our lives. But if you follow
the steps outlined in this article and are prepared, you will be confident, capable,
and ready to manage and fully optimize this moment.
Preparing to Succeed: Things
you should know moving into this process
- Know the projected salary of the
position. By thoroughly researching industry websites such as Salary.com,
you will have current and accurate information on salary trends across industries and geographical locations.
Remember to carefully compare the cost of living in specific geographical locations to accurately
determine the real value of a job offer by an employer. A $50,000 salary has
a very different value in Durham, N.C. than in New York City.
- Consider the
"hidden compensation" value of a job offer. Including the amount of employer contribution to
health benefits, 401k plans, pension plans, tuition assistance. Also consider
the long-term value of in-house executive training, child-care assistance, performance bonus incentives,
relocation fees, signing bonuses, free gym facilities, and more.
- Research the potential lifestyle value
and impact of accepting an offer with a particular employer. Assess factors
such as diversity in the organization, commuting time, parking arrangements,
required travel, time away from family or loved ones, typical work hours, community service
opportunities, populations you will interact with, and more.
- Consider whether working for this
organization will increase your long-term value in the job market.
Let's face it, working for some organizations regardless of salary is like money in the bank because of the
prestige, training, professional experiences, and networking you will have earned the right to professionally
associate with and market to future employers and sometimes for substantially higher salaries.
- Remember the more you ask for, the
higher the expectations. In today's competitive job market, employers
have very high expectations for employees who are hired at the higher end of their
position's salary scale. Sometimes entering into an organization with a lower salary can
actually better position you in the long run for a more appropriate development cycle or career path,
training, mentoring, and more realistic performance expectations. Unfortunately if your
"excellent" negotiation skills land you additional compensation, they may also
land you a one-way ticket to the door if you are unable to perform to the higher levels that will be expected.
- Consider whether the organization
has a reputation for career advancement of its professionals. The question
here is "Do high performers in the organization get rewarded for their
efforts." The answer to this question is always, officially on the record, "yes" by the employer. The
"real story" is however better identified through current employees that you can usually access through the
career-services office, alumni networks and the alumni-affairs office, faculty, friends, and family with contacts
in the organization.
- Take time to outline the most important
components of your ideal job offer for the position you have interviewed
for. Mentally note, but do not share with the employer, areas that you consider more negotiable
than others.
- Schedule a meeting with a
career-services professional to review specific hiring practices and compensation
packages offered by employers you have interviewed with.
- Consider rehearsing your job offer
discussion. This may sound silly to some, but even some of the most
competent and effective communicators practice discussing key messages and issues that may arise in
important meetings. If interested see a career-services professional to role
play the job offer discussion and offer feedback on your performance.
Key Elements of an Effective
Evaluation Discussion
- Remember that at this phase of the
process it is business, not personal. Hard assessments of your
"professional value," value attributed to your education, experiences, and area of study can seem a bit cold and
insensitive, especially when you are experiencing this process for the fist time. Welcome to the world of
work! Over time you will get used to the many assessments, performance evaluations, and
"measurable standards" attributed to your talents, experiences, and capabilities.
- Try your best to trust the system, in
spite of the many documented disparities, indiscretions, and other negatives that are reported. At this
point in your career you first need to get into the game before you can be an agent of change.
- Set the tone of the actual conversation
by enthusiastically thanking the employer for the offer. Discuss some of the high points of previous interactions
with the organization and positive lessons you have learned about the employer in this process. If talking
on the telephone consider standing up for the feeling of additional confidence
and control.
- Listen carefully to the employer and
the details that he or she presents concerning the offer. Do not interrupt the
employer's initial presentation of the offer to give him or her the opportunity to fully discuss the
offer and all of the key components of the compensation package. If possible
try to write these specifications down for questions and discussion when the employer is finished.
- Do not hesitate to ask for additional
time if necessary to provide you with the opportunity to carefully
review the offer. Important decisions of this nature sometime require additional time for you to review all
of the factors involved. Do not comment on concerns at this point if you are not prepared to do so. It is recommended
that if there are elements of the offer you have some concerns about that you do some additional
research, contact a career services representative or other trusted advisor to share your concerns and to
discuss your options.
- Rehash elements of the job offer with
the employer in an attempt to clarify your understanding of the offer. This
will give the employer the opportunity to correct or adjust any elements that need to be further clarified.
- Ask questions about gaps in the job
offer versus what you anticipated. Remember to back up your questions
with your research from credible industry sources, "not because my roommate told
me." The key here is to maintain a very calm demeanor and open mind, and to frame your question(s) in a manner
that show your sincere interest to work with the employer to achieve a "win-win" agreement.
- Remember, unrealistic and unsubstantiated
demands in this process will hurt your credibility and could cost you in ultimately landing the
best possible job offer.
What to do if you have two
or more job offers?
If you have two or more job offers, congratulations.
You're good! But don't believe your own press just yet. The key to working through multiple job
offers is honesty, professionalism, and being true to your own personal and professional interest.
This is not the time to become arrogant
and try to play one employer against another. You will always lose that battle if you do that, because even
if hired by one organization there will always be the potential for your employer to have lingering resentment
of how you handled a job offer, not to mention the lost credibility that will follow you into your new employer
because of your behavior.
| Share with each of the employers
that have made you job offers that you have received multiple offers and that
you would like to take some additional time to review the offers and make the
best possible decision. If necessary give both employers a set time for you to
give your decision regarding which offer you will accept. If one salary or
item in one offer is more appealing than the other, let the employer with the less appealing offer know that you
would be interested in their organization, but that the offer from the other
organization is closer to your expectations in that particular area. Remain
professional and pleasant with both employers involved in this process. Once you have finally decided which
offer to accept, you must honor your commitment to that employer. To do otherwise may reflect poorly on not
only your credibility, but also that of your college or university, hurting
other students who would otherwise benefit from the continued recruitment of the organization at the university.
Final Steps
If after you have completed the process of openly and honestly discussing
the terms and conditions of the job offer and if you and the employer are both comfortable with
the agreement, formally close the deal.
Remember, however, if you are uncomfortable
with any of the conditions of the offer, do not commit to it. Ask for time to review it in more detail, and if
necessary to discuss your concerns with a career-services professional and
then openly share your concerns with the employer. If you are unable to come
to terms that meet your expectations do not accept the offer, and thank the
employer for their interest. |
5 Ways to Identify a
Company on the Road to Diversity and Inclusion
From the top, the CEO must believe in
diversity, embrace it, practice it, and preach it.
Progress in the demographic make up
of the organization must be a constant area for improvement, measured and
benchmarked, especially at the management and boardroom level. The organization
should mirror internally what the consumers, marketplace, and labor force reflect externally.
Marketing and advertising strategy
should embrace multicultural media with relevant ads reflective of diverse
communities.
Goods and services purchased should
reflect a commitment to building relationships and purchasing components and services from companies owned by
people of color and by women. These efforts also support local communities.
Training in diversity and inclusion
must include all employees to insure that everyone gets involved. |
Final points in closing the deal:
- Have the employer send you a written
copy of the offer for your official records.
- Verify the date and times you are to
report to work.
- Confirm any need for you to attend any orientation before starting.
- Ask the employer whether there is information about the organization
or clients that they recommend you to review before your arrival.
- Map out your directions to work. Reporting late on the first day looks
very unprofessional!
- Notify your career-services office and your academic department that
you have accepted the position for their records so that they may appropriately congratulate you.
Now you may sail away into euphoria … Well at least until you have to show
up for your new job!
Kim R. Wells is director of the Career
Services Center at Howard University of Washington, D.C.
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