In the world of working professionals, various components, such as learning, growth, training, finances and better prospects, majorly determine & build the overall success rate of an individual's career. If you are happy with your job, you could look for options within the company to stay and grow.
If for some reason, you are looking out for a change of job, or are a fresher at the onset of a career, then you would need a strategy to approach, explore, analyse and validate a prospective employer as per your requirements, both on the professional and personal level.
Through this article, let us look at the situation where you have been shortlisted for a new job and are either about to receive an offer or have already received it. Do you know what sort of pointers you should consider before you accept the job? Let us find out.
Few points to be clarified before you receive the offer letter:
• Job And Prospects
Clarify in advance regarding the exact job profile and the future prospects that it may provide to you in the long run. How critical or significant it will be to the company would help you determine your own professional worth.
• Job Tenure In Case Of A Contract Or Bond
If the job involves a temporary contract or a bond, you should ask about the total tenure and renewability of the contract or bond. It would help you evaluate your job security.
• Permanent Or Contractual
Nowadays many clients hire employees to work for them, but on a third-party payroll or vendor payroll. You must clarify if this may be a direct payroll or indirect payroll job.
• Work Environment And Culture
Try to gain an insight into the various employee-centric practises or activities that the company indulges in. This may give you an idea of the generic approach of the company towards its employees.
• Company Growth Plans, Performance & Brand Value
This is an important aspect considering that a company's growth strategy and plans would directly impact your own professional goals and career path. Also, the kind of brand value the company has in the market against its competitors would automatically affect your value as an employee for any future job changes.
• Attrition Rate
Seek information directly or through indirect sources, regarding the attrition rate in the company. You would want a steady and secure job in a company with the least attrition rate.
• Training And Learning Opportunities
Companies providing training and learning options to its employees do well for themselves as they do for their employees. Therefore, ask regarding this aspect from the HR or hiring manager.
• Relocation Expenses
In case you are required to relocate from your current location to the company's location, then you must clarify if the company has the provision of relocation charges in addition to the offered package. This is important since the company could help you with the entire or some part of the relocation expenses, or could provide temporary accommodation initially to help you settle down.
• Additional Benefits
It would be good to clarify the additional benefits that the company may provide to you and your immediate family in case of accident, illness, vacation, etc. In case your current employer has all the provisions, but the new employer has none or comparatively fewer benefits, then you could convey this and negotiate your offer to cover these benefits.
• Transport Facility
Some companies provide one-way or two-way transport facility to their employees. You must enquire about this, especially in case your job involves round-the-clock shifts.
Some more points to clarify after you receive the offer letter:
• Designation And Reporting Manager
The offer letter must clearly mention the designation offered and the reporting manager's name or designation. Before you join the company, you should be aware of who your immediate boss or supervisor would be, instead of being in the dark until the day of joining.
• Work Hours And Shift Timings
You should be aware of your hours of work each day as well as shift timings. Especially, if you are involved in a rotational shift, the offer letter should clearly mention the total work hours per week. At times, the shift timings may be as per the latest roster, therefore, that may be conveyed to you in real time. But, you must be aware of the total number of hours you are required to invest on a daily basis or a weekly basis.
Any sort of business travel requirements should be clarified with the frequency and places of travel preferably. If the job does involve travel, then you should get clarification on the travel policy of the company.
• Salary Details
You must clearly understand all details related to the annual and monthly salary structure, bonus, incentive plans, shift allowances, travel allowances, any other allowances, overtime, taxes, performance review, HRA, medical reimbursement, conveyance, date of salary reimbursement, PF or any other deductions, etc.
In case you have doubts related to any of these, you must immediately seek clarification. If you feel there is a discrepancy in what was verbally offered, and what you see now on paper, then you should flag it and clarify or negotiate (whichever applicable).
• Notice Period
The offer letter should clearly mention the official notice period that you must serve at the time of leaving the company. Also, you could try to clarify the possibility of reduction of notice period against existing leaves or through buyout option.
• Terms & Conditions
Read through the offer letter carefully comprehending all terms and conditions conveyed by the company for you to comply with. If anything is disagreeable to you, or you do not comprehend any specific clause, then you could clarify it with the concerned authority.
Even before you accept the offer, you must retrospect whether you really want to go ahead with a new job or offer, or if you wish to continue at your current job. Actually, this should be the first step for you to consider, even before you start applying for positions.
But, once you have decided, then you should consider each and every aspect related to your professional growth, the company that you wish to join and your personal needs. It would help you accept the offer without any qualms and with a clear mind!