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After their job search has progressed successfully, many job seekers are confronted by a welcomed, but difficult task. They must pick from more than one job offer.
If you are every faced with this dilemma there are a number of issues to consider. The initial salaries might be quite similar, but the organizations making offers can differ substantially. Using an extreme example can demonstrate the disparities of organizations types and how one offer may be better for one job seeker and another offer better for another individual.
Take an offer from an older well-established public corporation with great benefits, but slow growth and compare it to a private, recently created, rapidly growing but not yet profitable company.
To make a decision between these two companies requires looking at not only the companies closely, but what you want and need financially in your career and in your life.
In this case, the public company provides a stable environment, regular pay raises and potential promotions based primarily on seniority. The benefits are great with two weeks initial paid vacation with increases provided every five years. There is sick leave, medical insurance, 401k retirement and paid tuition for continued education courses.
The company is located in a large metropolitan area. There are plenty of restaurants, cultural activities and mass transit available.
However, in the day-to-day work environment you will have little influence in the company.
On the other hand, the private company’s offer is a little less and benefits are not quite as good. It is projected to make a profit shortly. Merit is the leading reason for promotions, but opportunities are endless. Management wants to go public soon and offer a nice stock package to employees.
You would have the potential to have a lot of impact on the company right away and the potential to become rich.
. The private company is based in a medium size city with limited cultural activities but a lot of outdoor offerings.
The selection in this scenario shows personal preferences are extremely important. What do you need the most – stability or influence, security or the potential to become rich, city living or outdoor living and so forth.
The initial higher paying offer may not be the best choice for you. And on the other hand, if you have a family, it may be the most logical.
If you are ever in a similar situation, reviewing and considering all the factors of what is being offered by the potential employer along with your personal needs and situation should help you in making the right decision.
How far a prospective employer is from your home maybe a factor of importance you want to consider. The organizational employee size of the organization maybe another factor to consider.
Only you and your family know what is in your best interest and comfort level. Talk things over with friends and family. Don’t rush into a decision and regret it when it is too late.
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