How to compare a job offer with your current job, and decide what is best for you

01/13/2020

 

Just because you’ve opened yourself up to other offers, doesn’t have to mean you want a new job, right? Many of us casually search just to keep an eye on what’s out there, or read recruiter messages coming through LinkedIn about ‘the perfect position for you’, but that isn’t to say you’re going to take the first shiny job offer that comes through.

The best approach if something does catch your eye when you’re not necessarily actively looking to leave your current job is to compare them both. Here’s how to look at both options and decide whether you stick with what you have or pursue the new job offer:

1. Salary and Benefits

While money isn’t everything, it’s important to be honest with yourself and admit that it does form a part of the consideration when it comes to a job offer.

My advice is don’t be drawn in by big, exciting looking numbers and benefits. Dig deeper on exactly what the breakdown is of what is offered. What’s the base salary, and then what is the cash value of the added benefits? How do they impact your taxable earnings? And are they actually things you want/need?

And most importantly, how do your current benefits and wage compare?

2. Personal development

Another great reason for wanting to look at other jobs is the opportunities for personal development. If the new employer is offering to send you to university or give you new challenges that would relieve the boredom you’re feeling now you’ve been in your current job a while, that’s definitely going to stop you in your tracks.

Before moving to a new company for that reason alone, it’s worth asking the question of your current employer. They might offer similar or even better options for development, meaning you don’t have to start afresh in a new role.

3. Progression opportunities

Don’t just consider how you feel right now, consider what your future plans are and how your current role shapes up to those, as well as the company who’s offering you the new job. It may be that the new job is shiny and exciting now, but in 6-12 months time when you’re looking for a new challenge or want to move up the ranks, is the opportunity going to be there? Likewise, if you stay in your current role, will there be a time for progression down the line?

4. Culture and values

It’s not just about the roles and responsibilities of your job, it’s about the overall company and the values/culture that you’ll need to feel a part of. To determine whether your current role or the new job, or indeed maybe none of those, are the right fit for you, you first need to decide what’s most important to you. What are your values, and how to they align with both employers’?

And what sort of organisational culture do you feel most at home in? Answer those questions, and then compare both your current and the new company with them to see how they shape up.

5. Work and personal life balance

Work-life balance is different for everyone; it all comes down to what you’re most comfortable and happy with. Some people are ‘work-a-holics’ and never switch off, but that’s because they strive on it and it’s how they like to operate. Other people prefer to do a job that you can complete within your set hours and go home to switch off from, not worrying about it again or checking an email until Monday morning. Then there’s all sorts between, each set by our own standards for what’s comfortable.

Determining your own standard for what you’d consider the right work-life balance is important. You should then consider if your current role adheres to that balance. If you’re always expected to pick your emails up no matter what time of day or night, and you want to be able to switch off and enjoy your personal time without thinking of work, then maybe a new role is worth considering…

But you also need to consider, is this new company going to expect similar commitment to the role? The only way to know what the culture and their attitude to work-life balance truly is, is by asking the people who work there already. Reach out on LinkedIn and ask them to answer honestly about what life is like on the other side.  

 

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