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#YourCareer : Should You Accept A Job With A High-Status Company (Fortune 500) Or The Firm That Pays More Money? What say You?

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In a challenging job market, obtaining an offer calls for a celebration. If you have two prospects to choose from: congratulations! Having multiple offers puts you in a very advantageous position, as you won’t have to come from a place of scarcity when you make this decision. However, choosing which job to accept is not easy. You must weigh all the pros and cons, consider the long-term growth potential, whether you like one company and its people more than the other and which role can make a marketable impact on your long-term career.

When deciding between two job offers, one with a high-status company and the other with a solid organization that pays more money, it’s essential to consider all the factors, not just the brand name or compensation.

 

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What Skill Sets Do You Have to be ‘Sharpened‘?

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For instance, the lower-tier company may have more room for you to grow. You will be a big fish in a small pond and get more attention, promotions and access to senior-level executives. The high-status company offers bragging rights to your family and friends. The cache of the marquee name will open doors for you for the rest of your career, as it signals that you are a high-caliber professional.

Some high-status companies in well-respected sectors, such as tech, finance and management consulting, include Google, Apple, Microsoft, Amazon, Meta, Goldman Sachs, JPMorgan, Morgan Stanley, McKinsey & Company, Boston Consulting Group and Bain & Company.

Here’s How To Figure Out What’s Best For You

Start with a comparison between the options. Consider what will make you happy and which role will help you build and grow your career for long-term success. Weigh the pros and cons of each offer. If this helps you out, remember that no one option is perfect at the end of the day. There are no guarantees in life. Whatever you decide is a risk you are taking, and you just have to hope for the best.

Compensation may be a driving factor, given your current financial situation. Consider how much more money you would want to turn down a high-profile company’s offer. Think about your finances. Are you already fiscally comfortable or in debt and need a higher salary to make ends meet?

Be aware that there is almost always room to negotiate compensation and other items. You can use the higher offer at the lesser firm to counteroffer the premier company. If they view you as a valuable asset and it is within their budget, you can walk away with more money at the higher-status firm.

 

More Questions To Ponder About Selecting What’s Right For You

  • How much money do you need to make to live comfortably?
  • Are you worried about insufficient funds to buy a home, start a family and save for retirement?
  • What are your long-term goals for your career?
  • Is the prestigious name of the company more important than the money?
  • Which opportunity do you feel would make you happier?
  • Does the company offer your preferred work styles—remote, hybrid or in-office?
  • Which business offers more responsibilities?
  • Which of the two choices aligns with your core values, such as work-life balance, a good boss, friendly co-workers, mentors and a pleasant, low-pressure atmosphere?

 

You don’t have to go it alone. It’s helpful to synthesize information by gathering intelligence from a wide array of people familiar with you and your circumstances. If you are undecided, seek out assistance. Speak with your family, friends, colleagues, former co-workers, recruiters, mentor, sponsor, career coach or anyone you know currently working at either of the companies in question.

A Few More Things To Think About

  • After taxes, commuting costs and other factors, howmuch more money are you really making at the higher-paying job? Is it enough to make a significant difference in your lifestyle?
  • Benefits are critical if you have a family, especially if you, your spouse or children have health issues. Check to see what the differences are between the two organizations.
  • Similarly, look into 401(k) plans, stock grants and options, paid time off and potential bonuses. Are there annual salary increases? How quickly are people promoted? Or conversely, how often does the firm lay off workers or place them on performance improvement plans?
  • Culture is key. Is one company more strict than the other? Do you feel a closer connection with the people you’ve met at one organization than the others?
  • Sometimes the offer is great, but there is little upward movement in pay, title and growth. Have you asked about advancement at the respective firms?

 

Forbes.com | August 1, 2023

Your #Career : #CareerAdvice – This is The 3-Step Process you Should Follow When you Get a #JobOffer …When you’re Desperate to #LeaveYourJob , it Can be Tempting to Take the First Offer that Comes Along. Don’t.

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When you want a job–whether it’s your dream job or you’re simply ready to move on–it can be all too easy to accept any offer you’re given–even if it’s not the right offer for you.

“The number one misstep I see clients take is the failure to step back, take a breath, and meaningfully assess a job offer,” says Karen Elizaga, executive coach and author of Find Your Sweet Spot. “They are almost inclined to jump immediately at an offer.”

So how can you pause to determine whether an offer is really worth it? Luckily, it’s easy to do with Glassdoor’s How to Get a Job guide. It offers a bevy of questions you can ask yourself to assess the offer, gives tips to help you negotiate, and it even provides a complete email script for sending your initial negotiation email you can use word for word.

Here, we’ve distilled the basic steps you need to take to assess any offer, and how to begin a negotiation with a potential employer. It doesn’t have to be intimidating with these steps!

Related: How to identify a toxic culture before accepting a job offer 

ASK THE RIGHT QUESTIONS

When you receive a job offer, you need to hit pause long enough to ask yourself questions before you give an answer, according to Glassdoor’s guide–and Elizaga totally agrees.

“It is crucial to take a step before taking a leap,” she says, advising that you first ask, “is this job what you want to be doing? And does it align with your skills, talent, and purpose?”

You may also want to evaluate what the upward trajectory, in other words, the possibilities for advancement at this company, are, says Elizaga. “You want to consider not only the wonderful aspects of this job, but where you might rise to in the future,” Elizaga explains.

Related: How to mine the internet for hidden clues about a potential job offer

LOOK AT THE OFFER DETAILS

The next step in evaluating a job offer is to move past the job and look at what is also being offered in the pay and benefits package. Glassdoor suggests you ask yourself the questions, “does the salary align with what you were expecting [fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][and] do the benefits offered feel fair and reflect what you were looking for?” With the answers, you’ll know whether to negotiate.

 

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What Skill Sets do You have to be ‘Sharpened’ ?

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NEGOTIATE LIKE A PRO

The idea of negotiating can be unnerving to many people, but it doesn’t have to be difficult.

According to our guide, “one of the worst things you can do during salary negotiation is just make up a number. By backing up your ask with research, you’ll likely feel more confident about making it.” Luckily, you can use Glassdoor’s Know Your Worth™ salary calculator to discover the job’s average pay range. “It’s important to know what is reasonable for the market,” Elizaga agrees. That’s because, in part, “you don’t want to be negotiating for more when, in fact, what you are being offered is entirely reasonable and/or generous,” she says.

Of course, you don’t want to focus on salary alone. Before you begin your negotiation, think about whether the other benefits–vacation, commissions, bonuses, stock options, and so on–are appropriate and appealing, or could be tweaked to make the offer even better off.

Related: How your personality type affects your negotiation style 

Then, “when negotiating, think about what value you bring to the table, rather than how their first offer is deficient or not enough to cover your lifestyle,” advises Elizaga. “Consider the offer from the employer’s point of view. What are they getting for the compensation that they’re offering? If you think you contribute more value than the compensation would indicate, then definitely ask for more.” Or ask for an expansion of their benefits package.

Lastly, “when going in to negotiate, have a strategy and be entirely comfortable with what you’re asking for,” she says. Employers can tell when you don’t believe your own story. You’re much more likely to get what you want when you emphatically believe your value.”

 

FastCompany.com | June 18, 2018 | BY JILLIAN KRAMER—GLASSDOOR 3 MINUTE READ 

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#BestofFSCBlog : #JobSearch – Eight Questions to Ask Before Accepting a Job Offer . A MUst REad!

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Getting a job offer is certainly something to celebrate. But before you rush to say yes, you’ll need to address key questions.

Here are some of the most crucial ones.

1. Is the salary fair?

Though money isn’t everything with a job, it’s certainly important to consider. Before you accept a job offer, make sure the salary is reasonable given your experience level and the industry. If you’re not sure off the bat, job site Glassdoor has a helpful “Know Your Worth” tool that lets you compare salary data by job title and region (keeping in mind that you might get paid more if you work in a major city, compared to a smaller one). Take a look at the going rate for your industry and make sure your offer stacks up. If it doesn’t, negotiate before saying yes.

10 Dos & Don’ts of Salary Negotiation

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What Skill Sets do You have to be ‘Sharpened’ ?

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2. How are the benefits?

Your salary is only one component of your total compensation package. Before accepting a job offer, make sure the benefits are decent as well. Some of the things you might look for include employer-subsidized health insurance, paid time off and a 401(k) plan with a company match. Other nice perks (though less common) include free meals, in-office wellness programs and gym subsidies. Review your benefits thoroughly, and ask questions if you’re unsure what they entail. You don’t want to take a job whose benefits leave much to be desired.

3. Is the environment right for me?

Though your salary, benefits and job description are apt to be major drivers in your decision, don’t discount the importance of company culture. If you’re not the corporate type, for example, you could wind up quite unhappy in a buttoned-up, business suit environment — so make sure the culture aligns with your needs and expectations. You can seek out anonymous company reviews on sites like Glassdoor.

4. Will the commute make me miserable?

Unless your new job offer comes with the option to work from home, you’ll need to consider the impact your commute will have on your schedule. An hourlong, traffic-snarled drive twice a day might turn an otherwise great opportunity into a downright horrendous experience, so take that into account before accepting. If you’re not sure, give it a trial run before saying yes. Get in the car (or on the train or bus) during rush hour and trace your steps from door to door. If you find yourself irritated from the get-go, it’s a sign that your commute might be a deal breaker.

13 Companies With Enviable Work From Home Options

5. Is the company thriving?

Maybe you’re being presented with an appealing offer at a seemingly solid company. But how well is that business really doing? Has it been adding jobs consistently, or has its staff been shrinking? This is information you’ll want to dig up before saying yes, because if you take a job at a failing company, you could wind up unemployed in the not-so-distant future.

6. Is there room for growth?

Even if you’re looking at a job whose description interests you, don’t fall into the trap of accepting a dead-end role. Rather, take a look at the company’s organizational chart to ensure that you have a viable career path within the business. If you’re dealing with a start-up or emerging business, your growth opportunities may not be as easy to spot or rule out, but dig around and ask questions before pigeonholing yourself and regretting it later.

7. Does my boss seem like a good person to work for?

A good manager can make or break your work experience. Before agreeing to a role, learn about your boss’ management style and get a sense of what the expectations might be. This will give you an idea whether you’re dealing with someone reasonable versus someone who will make your life miserable.

What Makes a Good Boss

8. Is this role a better fit than my current one?

If you’re unemployed and desperate for work, this question clearly won’t apply. But if you already have a decent job, make sure it really pays to jump ship. Before accepting another offer, list the pros and cons of each opportunity and compare. You may find that you’re better off staying put, boosting your skills and trying to grow within your current company than taking a chance elsewhere.

Taking a new job isn’t a decision to make on a whim. Run through these questions and come up with solid answers before moving forward, and you’ll be better positioned to choose.

Related Links:

 

 

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Your #Career : #JobSearch – 4 Reasons Why your #JobOffer Disappeared into Thin Air…During all #Communications with the #Employer, it is Best to Remain Professional & Consistent.

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Scoring a job — only to hear that the offer is no longer on the table — can be pretty painful.

But while taking back a job offer might have legal ramifications for the employer, here are some reasons it could happen to you.

1. You didn’t tell the truth — and the employer called your bluff

Some job seekers actually do this.

Tony Lee, vice president of editorial at the Society for Human Resource Management, explained to the New York Post how dishonest candidates come across to employers:

“You may feel like you’re giving yourself an advantage by exaggerating things or outright lying, [fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][but] that’s always going to come back to haunt you. It’s never a good idea [to lie] … Uncovering anything that makes you look dishonest [means] you’re finished.”

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2. You aren’t needed at the company anymore

Mimi Moore, a partner in the labor and employment group at Bryan Cave LLP, spoke with CIO.com about employers changing course after an offer is made:

“Typically, job offers get rescinded in situations where employers, for one reason or another, do not have the need for a job that they predicted they’d have when they first offered the job to a candidate. A typical situation is an employer interviewing on a college campus, extending offers to college grads. By the time the college grad is supposed to start working, whether that is over the summer or in the fall, the employer no longer needs them because of either a downturn in their business or in the general economy.”

3. You keep on pushing for more

This doesn’t look good. A blog post by professional staffing company Robert Half details errors that can compromise a job offer, with one of them being that “you don’t quit while you’re ahead:”

“If you’ve gone back and forth with the employer on compensation, perks and vacation time, and you end up with all of your requests met, don’t keep pushing for more just to see what else you might be able to squeeze out. Greediness is not a trait employers seek or admire in new hires. Candidates create problems for themselves when they overestimate the leverage they have or a busy hiring manager’s patience for playing games.”

4. You have a radical personality shift — in a bad way

FlexJobs Content Manager Jessica Howington writes on the sitethat one way to get a job offer takenoff the table is to “lose your professionalism:”

“During all communications with the employer, it is best to remain professional and consistent. If, however, you show the employer another personality once you get a job offer, you will quickly find yourself with the offer being retracted.”

More from Ladders

TheLadders.com | February 2, 2018 | By Jane Burnett Feb 2, 2018

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Your #Career : 10 Great #Internships For 2016…This Year More than 90% got #JobOffers at the End the Summer, & of Those, 90% Accepted.

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The 60-some interns in Evercore’s summer program work shoulder to shoulder with analysts at the New York-based investment banking firm. “This is not by any means a shadowing program,” says Randi Brown, head of recruiting and training. While interns work on actual deals, they also get plenty of mentoring and support, she says. “They’re not thrown into the ocean and have to learn how to swim.” Evercore, co-founded in 1996 by Roger Altman, deputy treasury of the secretary under Bill Clinton, relies on its highly selective internship ranks to recruit full-time staff. This year more than 90% got job offers at the end the summer, and of those, 90% accepted.

Free- Man with Two Fingers

How does Evercore recruit? It visits 10 top undergraduate campuses and six business schools, including, for undergrads, Harvard, Princeton, Yale, the University of Michigan and the University of Virginia, but it also accepts applicants from elsewhere. The firm is looking for star students. Brown says the grade point average cut-off isn’t a formal one but the average GPA is a high 3.8. She also wants to see a demonstrated interest in Evercore’s business, like membership in a finance club and previous related internships. Along with the likelihood of a job offer, interns enjoy perks during the summer like rafting trips, country club visits and basketball games. They also meet with senior members of the firm like Altman.

That combination of serious work, supportive training, networking opportunities, perks and promise of a job offer lands Evercore in the No. 1 slot on a new list of the nation’s best internships put out by career website Vault. To compile the list, Vault reaches out to more than 600 organizations. This year 102 elected to participate, collecting a total of more than 5,800 reviews by current and former interns who ranked their experiences in five categories on a scale of one to 10. The categories: quality of life including hours and flexibility, compensation and benefits, interview process, career development including mentoring and training, and full-time employment prospects.

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Though there are thousands of internship programs across the country, we believe Vault’s is a great list because the programs pay, some very well, and the companies who participate in the Vault list see the listing as a recruitment tools. Though some of the sexiest internship programs aren’t on the list—Google, Apple and Facebook were invited but didn’t return questionnaires—consider this list a potential point of entry into a solid career in what politicians love to call “good paying jobs” with benefits and a future.

In releasing the list in November, Vault has missed some important dates. At accounting firm Elliott Davis Decosimo, based in Greenville, SC, the October deadline has already passed for this year’s seven-week summer program. Like Randi Brown at Evercore, recruiting director Megan Wright says that it treats interns as though they were full-fledged staff members, working on audits and other projects.

They also get a thorough introduction to the firm, meeting with the human resources and marketing departments. “They learn everything about how the firm works,” she says. The pay is between $23 and $24 an hour, she says, and interns enjoy weekly social gatherings like bowling with partners. Wright says Elliott Davis is also big on volunteer work and gives interns time off during the workday to help out at charities like the local food bank. Hours are reasonable, running from eight to five on weekdays. The firm has another internship program that runs for 10-15 weeks during tax season, starting in January. Those interns often put in overtime, as do many people who work at the firm.

No. 3 on the list is the prestigious, high-power consulting firm Bain, based in Boston. Bain has 53 offices around the world, the majority of which host interns. The application deadline isn’t until December or January, says head of global recruiting Keith Bevans, a partner in Chicago. It’s a rolling deadline because Bain does most of the recruiting for its 10-week summer program on campuses at prestigious schools. It takes rising seniors and MBA students. Like Evercore, Bain makes job offers to 90% of interns. The firm has been growing by 15% a year for the past two decades, says Bevans, which has made Bain pay special attention to its internship program, which is a great testing ground for new employees. “We put them on real casework, they’re given real clients to work with and we expect them to have a real impact,” he says. MBAs and undergrads both get a week of training before they start their internships. The MBAs go to Cape Cod and join teams of 4-6, led by a manager or partner, to work through a series of simulated cases. Undergrads do the same kind of training in the office. The bar is high for new hires. “We look for really smart people who have great people skills and leadership skills that show they can make things happen.” He declines to offer a GPA cut-off except to say if the applicants have a low GPA, “they have to be phenomenal.”

See our slideshow above for Vault’s list of 10 top internship programs, with some stats on each program. I’ll list the rest of the 10 below. You can also follow this link to see Vault’s top 50.

  1. Cap Tech Summer Internship Program
  2. Northwestern Mutual Internship Program
  3. Plante Moran Internship
  4. KPCB Fellows Program
  5. The Boston Consulting Group Summer Internship Program
  6. Moss Adams Summer Internship Program
  7. Kohl’s Department Stores: Corporate

Forbes.com | November 20, 2015 | Susan Adams