Thursday, November 14, 2019
How to negotiate and evaluate more than one job offer
How to negotiate and evaluate more than one job offer How to negotiate and evaluate more than one job offer Youâre interviewed at several companies and now you have two offers. Itâs a position that 59% of job seekers have found themselves in, according to a new survey from Robert Half.Itâs a great position to be in, but it creates its own set of problems. How long do you have to make up your mind? A majority of people (58%) said they made their decision in two days â" but thereâs wiggle room if youâre open with your communication. After all, there may be a few options you want to pursue: whatâs the etiquette for effectively negotiating the two offers between each other? And how do you compare job offers in a way that takes the whole package into account, not just salary?Follow Ladders on Flipboard!Follow Laddersâ magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and more!Ladders spoke to Steve Saah, executive director of Robert Half Finance and Accounting, about how to handle competing job offers and how to decide which one is right for you.If you have two offers and are trying to figure out how long you have to decide to pick one or the other, how much time you have âcomes down to open communication and dialogue,â said Saah. âFrom a general common courtesy standpoint, three to four days is probably typical. But itâs not unheard of to want to extend that for a variety of reasons.âUp-front communication with both sides is key, and you, while thereâs wiggle room if you play your cards right, you donât want to overplay your hand.âI would advise people to use language around, âIf this is acceptable, Iâd like to get back to you aroundâ¦â and then fill in the blank around what that time frame is,â said Saah.Itâs possible to leverage one salary against the other, Saah said, if one company is offering more than the other. Thereâs nothing wrong with âeducatingâ the other company about the other salary and letting them know about what it would take for you to âcome on board,â Saah said. But he encourages candidates to look beyond simply compensation.âWhile everybody would like to make more money, the ultimate thing is, what are the most important things that are most critical to them? What type of advancement opportunities are there within the organization? Work-life balance, flexibility, the ability to telecommute are all very important to people in todayâs market. What are the long-term prospects at Organization A versus Organization B?âNot all compensation packages are created equalâPeople tend to compare base salary to base salary. While cash flow is extremely important, there are so many other components of a salary package that you should be taking into consideration so that youâre making a true apples-to-apples comparison.âConsider, for example, the quality and the cost of healthcare between the two organizations.Said Saah, âWhile compensation is always important, I think itâs better for people from a long-term career perspective to take a l ittle bit of a step back and think about whatâs most important to them and allow those things to drive their decisions.ââItâs really important for people to step back and look at the total package when evaluating multiple offers.âYou might also enjoy⦠New neuroscience reveals 4 rituals that will make you happy Strangers know your social class in the first seven words you say, study finds 10 lessons from Benjamin Franklinâs daily schedule that will double your productivity The worst mistakes you can make in an interview, according to 12 CEOs 10 habits of mentally strong people
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