Things to check before taking up a job offer

#1 · September 7, 2019, 2:28 pm

Quote from sudheendra@sudheendra.co.in on September 7, 2019, 2:28 pm
Things to check before taking up a job offer:

Financial health of the company
If Company is listed or have a website check its Annual Report/Financial Results. The growth can be measured in terms of employee size, increase in revenue/ turnover/ profit. You don’t want to end up with a company which is going down financially and whose future looks flimsy.

Accountability & Compay's compliance status
Check promoters holding in the company and whether they themselves hold post of MD/WTD. Do check whats the attitude of company/directors towards compliances. Whether they file their returns on time and other corporate governance practices.

Company’s brand value
Your career prospects depend on how much industry value your employer has. A stint with a company below average market value will land you with similar companies in future.

Work culture and environment
Make sure you get feedback about work practices or how they pursue ‘employee engagement’ from ex or current employees. Use your network to do the backgroud check. Getting to know about the attrition rate is equally important. You would not want to part of that figure in short term.

Salary, perquisites, designation and benefits
This being the most direct result of your work, you should expect about 20-30 per cent hike on your current salary package. Check out your tax implications and if the new salary structure helps in saving taxes, it is all the better.

Work-life balance
Will this assignment need you to make lifestyle changes (travel, commute, work timings) and are you prepared for it? If it undesirably alters your lifestyle to a big extent, you should give the offer a second thought.

Current team/ boss
Ask proactively about the current team, team leader/ boss, a typical work day in the team, and good practices they follow. This will give you an idea about whether you’ll like working in the team.

Learning and growth opportunities
Your work experience of five years should not mean one year’s experience repeated five times. Only good learning opportunities ensure exponential growth of your career.

Transnational opportunity
Job seekers who are evaluating trans-national job opportunities should always do a thorough check on the location, compare the cost of living and evaluate career progression plans for the role, in case they want to come back home in the future.

Things to check before taking up a job offer:

Financial health of the company
If Company is listed or have a website check its Annual Report/Financial Results. The growth can be measured in terms of employee size, increase in revenue/ turnover/ profit. You don’t want to end up with a company which is going down financially and whose future looks flimsy.

Accountability & Compay's compliance status
Check promoters holding in the company and whether they themselves hold post of MD/WTD. Do check whats the attitude of company/directors towards compliances. Whether they file their returns on time and other corporate governance practices.

Company’s brand value
Your career prospects depend on how much industry value your employer has. A stint with a company below average market value will land you with similar companies in future.

Work culture and environment
Make sure you get feedback about work practices or how they pursue ‘employee engagement’ from ex or current employees. Use your network to do the backgroud check. Getting to know about the attrition rate is equally important. You would not want to part of that figure in short term.

Salary, perquisites, designation and benefits
This being the most direct result of your work, you should expect about 20-30 per cent hike on your current salary package. Check out your tax implications and if the new salary structure helps in saving taxes, it is all the better.

Work-life balance
Will this assignment need you to make lifestyle changes (travel, commute, work timings) and are you prepared for it? If it undesirably alters your lifestyle to a big extent, you should give the offer a second thought.

Current team/ boss
Ask proactively about the current team, team leader/ boss, a typical work day in the team, and good practices they follow. This will give you an idea about whether you’ll like working in the team.

Learning and growth opportunities
Your work experience of five years should not mean one year’s experience repeated five times. Only good learning opportunities ensure exponential growth of your career.

Transnational opportunity
Job seekers who are evaluating trans-national job opportunities should always do a thorough check on the location, compare the cost of living and evaluate career progression plans for the role, in case they want to come back home in the future.