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What to Consider When Changing Jobs

How to Evaluate a Job Offer

If you're considering leaving your job because the compensation isn't great and there's no room for negotiation on that front, there's no doubt the salary will play as a deal-maker or breaker when evaluating a new offer. Coming from a pay raise dry spell can cause a money-hungry job-seeker to take any decent job that pays more, but you need to evaluate the entire job offer before jumping aboard. Yes, salary is a priority, but there are several other factors that play into your overall compensation and should be accounted for when you're staring at that offer letter. Find out what should be on your mental checklist when you

The biggest element of your total compensation outside of your salary is your benefits package. Your benefits add up to thousands of dollars a year that, since we're not paying for up-front, aren't necessarily on the forefront of our minds. And if you're a generally healthy individual without dependents, it's easy to overlook the real value that your benefits actually add. Take a look at actual numbers: What do you contribute for health benefits as an employee at your current company, compared to what you'd be contributing at the new one? Which company is more generous with paid time off?

While it may not seem like it at first, benefits are about numbers just like your salary. You may find that the benefits at your current job are superior to those being offered to you. That doesn't mean you shouldn't take the new job, it just means that you have solid material to negotiate. Numbers are difficult to argue and you need to make the job change completely worth it. And if the new job won't increase the offered salary to compensate for a less generous benefits package, try negotiating for more paid time off.

Other important details to consider are location, commute time, cost of commute, expected hours in the office, and 401(k) matching. And of course, ideally the job should be something that you can see yourself doing everyday with potential for growth. After weighing all of these aspects against each other, simply make the decision that makes the most sense for you.


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