|13th June 2007, 08:28 PM||#1|
Comparing Two or More Job Offers
When comparing job offers, you really need to compare all aspects of each job offer.
Congratulations! Let's say that after much preparation and hard work that you have received three job offers. Now you have to decide which is thebestoffer. Is the best offer always the one paying the highest salary? Well, when you also look at each company%uFFFDs benefits package, you might find a very different story, as illustrated in the table below. Why are benefits important? Benefits can add up to 30%u0025 to your total compensation.
This example is purely a financial analysis of the three job offers, and does not take into consideration many other important factors that job-seekers should also evaluate before deciding on a job offer. These other factors are discussed after the table.
Company1 Company2 Company3
Base Salary: $53,000 $50,000 $47,000
Sign-on Bonus: $1,000 $3,000 $2,500
Cost of Living Adj.: -$2,300 -$200 + $1,000
Medical, Dental, Optical: $3,000 $4,000 $4,000
Life, Disability Insurance: $1,000 $1,500 $1,000
Company Car: $2,400 $3,600 $3,600
401(K) or Pension Plan: $4,400 $6,000 $4,500
Total Compensation Package: $62,500 $67,900 $63,600
There are many other factors that job-seekers may want to consider when deciding whether to accept an offer, including:
* Reputation of the company
* Corporate culture
* The work itself (in terms of interest, challenge, etc.)
* Timeframe for advancement
* Quality of community (life, schools, etc.)
* Relocation expenses
* Dependent care
* Overtime/Comp. Time policies
* Professional memberships
* Health club/country club memberships
* Bonus/Raise policies
* Vacation time
* Paid holidays
* Sick/Personal days
* Work hours, including flex-time
* Telecommuting options
* Tuition reimbursement
* Profit sharing
* Employee stock ownership plan (ESOP)
* Employee Assistance Program
* Parking, commuting, expense reimbursement
|26th February 2008, 12:10 PM||#2|
Join Date: Feb 2008
Try a career mentor?
There has always been a huge gap between todays career and education. Not all engineers can get an engineering job and not all commerce students can become accountants. Career counseling is a very important aspect in out lives which most of us take for granted.
So get yourself a Career Mentor and watch your career boost!
There are many sites which offers learning support for students. Try this link for example http://www.siliconindia.com/register.php?id=Kq7U13RE
and look for a mentor in your area of interest. They can help you with Careers, and final placements. You will also find resources to help you with your personal and professional development. Hope you find what you are looking for and even more.
|24th May 2010, 01:11 PM||#4|
Join Date: Mar 2010