Category: Career Advice
Created on Thursday, 12 August 2010 12:15
Written by Faith Yeo
Congratulations! You have stood out from the rest of the candidates and emerged with an offer. However, rather than just accepting the offer at face value only to regret the grey areas later, here are some questions to consider. Black & white
Take your time to go through the offer as well as hiring contracts, and review what you are committing yourself to. Verbal agreements are not bound by law and you should always clarify via email, if not the contract. Check list
Don't be pressured by recruiters who are usually in a rush to seal the deal, and have a list in order of priority to check. Compare the items on your check list – how much are you willing to compromise one for the other? For example, days of leave versus more salary: If the company is unable to offer you the amount of days of leave you want, how flexible are they with unpaid leave?
Common items on the check list are titles, compensation (including benefits and bonuses), vacation time and start date. Title
By just the title alone, you should be able to get a sense of the job and its accompanying responsibilities. However, it is essential that you briefly go through the offered job scope again; be clear of your role in organisation and what is expected of you for what you are offered in return. Compensation
One main factor to review is the offered salary but that should not be all. Compensation includes your income (with CPF or not), health insurance, development courses, days of leave you are entitled to, sick days, maternal leave, bonuses and increment among others. Also, when is performance – and in turn – salary reviewed? Be sure to compare against the industry's average and decide the minimum you can accept. Counter-offer
Negotiate for better terms if you feel it's necessary to make that move from your current job, or for the sweat of your brow. The company's reaction when you make the counter offer will reflect the company's culture and strong negativity in response could be taken into consideration in your decision of accepting the offer or not.
If terms such as salary and the amount of leave are non-negotiable, then you could try to shorten the probation period to obtain the full benefits coverage as soon as possible.
Most companies are open to giving potential employees a few days to consider so take your time instead of jumping into a position only to waste a few months there. What's worse, it might be deemed by future employers as job-hopping and reflect badly on you.