Guest Blog: Comparing Job Offers



Photo by Letizia Bordoni on Unsplash

In last week’s blog, I talked about whether to accept a counteroffer. On a much happier topic, I welcome back guest blogger Michelle Clark from Greater Calling Personal Finance, who shares her expertise on comparing job offers.

When you receive two or more job offers, I recommend that you consider the entire benefits package when comparing them, not just the base salary. To do an apples-to-apples comparison of multiple job offers, include the value of the following:

  • Salary
  • Performance or Profit Sharing Bonuses
  • Paid Time Off or Vacation/Sick Time
  • Retirement Benefits such as a 401(k) or 403(b) match or pensions
  • Health/Dental/Vision Insurance Coverage and Out of Pocket Costs
  • Life Insurance and AD&D Coverage
  • Stock Options
  • Educational or Certification Assistance
  • Adoption or Infertility Assistance
  • Relocation Allowances or Bonuses
  • Housing Subsidies
  • Transportation Subsidies
  • Professional Memberships
  • Meal Service or Vouchers

 

Sometimes the decision between two or more job offers comes down to other non-financial factors like fit, commute, title, or flexibility of working hours. Still, the above list will help you put a dollar figure on the value of each offer to help you make the best decision for your situation.

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