Deciding Between Multiple Job Offers

Deciding Between Multiple Job Offers

by David Foresman, Healthcare Career Consultant, Acclivity Healthcare

When seeking a new career opportunity, you do your best to impress all the Hiring Managers you meet from different companies. But what happens when you succeed and get more than one offer at the same time? This is a great problem to have, but how do you choose wisely?

If you find yourself faced with this dilemma, don’t feel in a hurry to choose – even if you feel pressure to do so by one or more of the companies extending the offers. Tell each Hiring Manager that you are excited about the opportunity, but that you need time to consider the offer and discuss it with your family. Be sure to give a reasonable timeframe in which you will give them your answer (1-2 days is customary).

Here are the important aspects you should weigh to help you pick the right job for you:

Determine your potential value to the organization. According to the leading national Human Resources Management Association, one of the biggest factors with job satisfaction is the opportunity to contribute the specific skills and abilities that provide value to the organization, it’s customers, and other employees. To determine if you will be able to demonstrate your strengths in the new work environment, consider your interactions with the potential supervisor and coworkers during interviews and how your capabilities match with the employer’s needs.

Review professional development opportunities. Look online to see what other employees are saying about their experience interviewing with and working for that company. Indeed.com, CareerBuilder.com, and Google.com are all great places to find and research employee reviews for potential employers. With just a little effort, you will find plenty of valuable information about the company, the culture, work environment, and opportunities for advancement.

Evaluate needs relating to work-life balance. Review factors relating to work-life balance that are specific to your individual circumstances. For example, consider your daily commute time, traffic issues, and overnight travel requirements. You can then consider how these factors may impact the achievement of both your personal and professional goals. Also, you should ask yourself if flexibility is important, especially if you have children at home or you occasionally need time to care for the needs of elderly parents or family members.

Review the compensation package, including pay, benefits, and time off. As you evaluate the overall package, pay attention to the basics of compensation. Review hourly wages or annual salaries and bonus opportunities, along with employee benefits. Scrutinize retirement plans, noting employer contributions to 401(k) plans and/or profit-sharing plans, as well as health insurance plans, including provider networks, deductibles, and out-of-pocket maximums. Compare personal time off and paid vacation days, as these add value to your benefits package and help you maintain a desirable work-life balance.

Consider job security. After accepting a new position, you will probably want to keep the position for a while. Be optimistic, but don’t forget the possibility that you could find yourself searching again soon for various reasons. To make the best long term choice, start by evaluating the financial stability and long-term economic viability of each potential employer. Again, a quick review of online resources and your network will help you gauge the suitability of the organization as a long-term place of employment.

Keep in mind that the factors that are most important to you may be weighted differently by you than by friends and professional colleagues. It never hurts to get a second or third opinion, but make sure that it is your criteria that is ultimately used to make your choice.

“Greatness is not a function of circumstance. Greatness, it turns out, is largely a matter of conscious choice, and discipline.” – Jim Collins, Award Winning Author and Business Coach