Ep 33: How Should You Compare Job Offers?

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If you’re thinking about leaving your job or you’re interviewing at different companies, today’s show is for you. We’ll help you learn how to compare different offers during your job search and what to look for.

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Show Notes

If you’re thinking about leaving your job or you’re interviewing at different companies, there are some strategies you should know to help you be successful.

You have probably heard the term “the Great Resignation” recently. Also known as “the big quit,” it’s an economic trend in which employees voluntarily resign from their jobs in mass.

It started in early 2021, mainly in the U.S., due to the pandemic after the federal government refused to provide necessary worker protections against wage stagnation despite the rising cost of living.

What should you look for when comparing job offers? If you are leaving your job for a non-financial reason you’ll want to understand the culture behind the new companies you are looking at. Know exactly what your job will entail.

When you first interview or get hired you may be excited to see certain salary numbers. However, you’ll also want to take a look at things on a more in-depth level too. What is your hourly rate? Is overtime involved? Are there any potential bonus offers and what is that based on? Don’t be afraid to ask questions!

On today’s show, we’ll discuss:

  • Why it’s important to understand the culture of a company
  • How you can do apples to apples comparisons of job offers
  • Find out how bonuses, if offered, are structured
  • Find out what companies offer for retirement
  • Why a vesting period is so important
  • What stock options are available
  • What employee stock ownership is
  • Whether the employer offers a deferred compensation

Listen to the full podcast or use the timestamps below to jump to a specific section.

[2:37 ]– Great Resignation

[4:43 ]– Financial and non-financial perspective

[5:44] Comparing apples to apples

[8:38] Bonuses

[10:12] Retirement plan

[11:58] Vesting period

[13:11 ] Stock options

[14:49] Employee stock ownership

[18:19] Deferred compensation

[20:57] Pensions

[22:39 ] Health plans

Thanks for checking out this episode. We’ll talk to you again soon.

“Either people are unhappy with their employers, or maybe you’re just unhappy at your job. You got to be happy at with you do.”

-Scott Sierens