Evaluating an Offer

When an offer is made, you will likely want to evaluate the entire compensation package, – not just salary. Benefits can often add up to 25% or more towards your total compensation! Here are some commonly offered benefits or perks to factor into your evaluation process:

Medical insurance - consider co-pays, deductibles, percent coverage, employer paid premiums vs. employee contributions Dental insurance - consider co-pays, deductibles, percent coverage, employer paid premiums vs. employee contributions
Vision care insurance - consider co-pays, deductibles, percent coverage, employer paid premiums vs. employee contributions 401(k) plans, including employer matching - how often and in what form (stock or cash)
Accidental death insurance Business travel insurance
Disability insurance and company sponsored disability plans Vacation days
Paid holidays Paid sick leave
Personal days Life insurance
Pension plans Profit sharing
Stock options/ESOPs Deferred compensation
Tuition reimbursement Health club allowances
On-site/back-up childcare assistance Car or car allowance
Dependent care Employee assistance program
Overtime/travel premiums/compensation time Parking, commuting, expense reimbursement
Relocation expenses Flexible work arrangements

As you evaluate the offer, consider the following questions and their relative importance to you, and discuss your thoughts with your Transition Assistance Coach. Your results from your self-assessment activities may serve as a useful resource to help you determine relative importance.

  • Do you like the work?
  • Can you be trained in a reasonable period of time and therefore, have a realistic chance of success?
  • Are you able to transfer skills and experience from previous jobs to contribute to your success in the new organization?
  • Are the responsibilities likely to provide you with a challenge? Will you have sufficient autonomy in your role?
  • Is the opportunity for growth and advancement compatible with your needs and desires?
  • Will the company provide support for your professional development, including support for continuing education, training and mentoring?
  • Are the company’s location, stability and reputation in line with your needs?
  • Is the stability and growth potential of the industry in line with your needs?
  • Is the culture of the company conducive to your enjoying working there?
  • Can you get along with your new manager and immediate co-workers?
  • Is the senior leadership of the organization a reputable and high-quality group?
  • Will the position provide you with a lifestyle, including work hours and travel requirements, that is suitable for you and your family?
  • Is the salary and total compensation package the best you can get?

< Back