Are you planning to switch your company? Are you actively looking for a job? If the answer is yes, then I am sure you are preparing hard for your interviews.
Interviews are not too tough to clear, but what is tough is the situation when you have multiple offers at hand. Believe me, it is a pretty common situation. There will be a time when you will be craving for just one job, and then suddenly you will notice that jobs start pouring in.
If you land in such a situation, how do you decide which job is best for you? A company that suits one person may not suit another. At some workplaces, you may find challenging work but less salary. At other places, you may find comfortable work culture but little growth. There is always a trade off. You cannot get everything. So, how do you prioritize and pick the best?
First, you should do proper research before accepting any offer. You need to decide what your preferences are. No one can tell you which company to join, or which offer to take, it is only you who can resolve it. Collect information from everywhere and then analyze it, and match with your priorities.
So, which company you should join? To find an answer, you should first know a little bit about yourself. Why do you work? What drives you? What is it that makes you happy when you work? If you know what matters most to you, you can take an informed decision. So, below are a few points that you should keep in mind and then prioritize your preferences.
Money is a major factor why you prefer one job offer over another. Of course, you deserve a high salary. But is money the only criteria for happiness? Ask yourself.
There is nothing wrong if it is the only criteria for you. You need to decide how much weightage you want to give to this criteria. But remember, Never settle for a compensation that is less than the market standard. You must know the average salary based on your role and experience.
2. Quality of Work and Learning Opportunities
If you are a workaholic and you absolutely adore your work, then it is very important for you to carry out a detailed research about the company. For you, the brand name of the company or its worldwide ranking should not matter. You need to know about the actual work done by the team where you are getting hired. Talk to someone who works there, and ask specific work details. Even in some small unknown companies, you may find extraordinary work; Even in some great companies, there are teams that do shitty work. (People just keep fixing excel reports, while carrying a hefty paycheck home) Don’t get influenced by the good hike, if you end up compromising what you love – your work.
If work quality doesn’t matter, you can chill. But if it does, you will get frustrated pretty soon. So, know about the details of your work through someone who works there.
3. Opportunities of Growth – Promotion and yearly increments
When you change a job, you can get attracted by the high package, good brand name and the lavish employee facilities that most companies boast. But have you thought what after that? What is your career path after you join? After how many years do people get promoted? What are the yearly increments? It is possible that you join a reputed company but are stuck at the same level for four to five years. It is possible that you join at a high, attractive salary, but your yearly increments are less. Some companies give a meager increment of 3% while others can give up to 20%, based on performance. Compare your salary with your peers, after adding these increments. Will you lag financially? If yes, then what is the benefit of the initial boost.
It is possible that you join a reputed company but are stuck at the same level for four to five years. It is possible that you join at a high, attractive salary, but your yearly increments are less. Some companies give a meager increment of 3% while others can give up to 20%, based on performance. Compare your salary with your peers, after adding these increments. Will you lag financially in the coming years? If yes, then what is the benefit of this initial boost.
It is not the first leap that matters, but the entire growth chart. So, pick your future workplace wisely.
4. Work culture
Work culture is a key factor why people prefer established companies. They get all the facilities – conveyance, free food, employee benefits. There are frequent parties and corporate trips to exquisite places. The bigger the company, better are such perks.
On the other hand, start ups or small companies do not give too many perks. They are sometimes struggling to establish their little HR department, you cannot expect too much from them. Hence, keep your preference in mind. Do these little things matter? If yes, then where do they rank on your preference list?
5. Work Pressure
There are people who love challenging tasks, who can run with the clock and can overachieve. They prefer jobs that are rewarding, and every rewarding job comes with a baggage of intense pressure. The work pressure and tight deadlines can throw your balance off, especially your personal lives.
On the other hand, there are people who love to work at a relaxed pace. They do not like tight deadlines. They prefer a chilled out life where there is a perfect harmony in their professional and personal life. They love to take vacations often.
Which category do you fall in? There are companies to suit both these categories. In a start up, growth is more but work pressure is high while in established companies you can find some teams that have easy, static work. Find your perfect fit before you switch.
Do designations matter to you? Is it something that inculcates pride in you? Remember, Designations are often inflated.
Take this example: Are you an analyst or a programmer who is attracted towards the lucrative designation of Assistant Manager? By just switching a job, you will get the coveted title and you will be handling a team. Stop dreaming. First, do a proper research. Designations are just titles, not roles.
There is a difference between a title and a role. A management role will include managing a team, scheduling meetings, allocating work, meeting client expectations etc. But if you are given a title of a Manager, that doesn’t mean these will be your job responsibilities. You may still be writing codes day-in and day-out without a single member in your team.
On the other hand, an analyst may perform the role of a lead by managing the work and interacting with clients. He is the actual lead/manager on that project but without a designation of a lead.
Hence, you should be clear about your exact job responsibilities before you join a company. Don’t get swayed by titles.
I have listed these top pointers. I hope you agree with them. Now take a quick minute and rank these 6 points based on your personal preference. What matters most to you?
Look at this priority list, I think you have got your answer in this list. Which company should you pick? The one that satisfies your top preferences.
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