The job offer: What you should know before you say no

The job search can be daunting: Research, resumes, interviews, and thank-you notes. Finally, you get the offer! And the doubts begin. How do you know if the package they're offering is really worth accepting? Here are a few things you should know before you make your final decision:

Know your intentions. Are you looking for your first big break into the industry? Or are you in it for the money? Often the opportunity to work for a particular company or with a specific technology is far more important than having a big paycheck. Be sure to consider the implications this job may have on your career path and professional network.

Know your geography. What's the cost of living for the area you're considering? Look at economic indicators and salary calculators to determine if that salary is really as big as it appears. Sure it looks good to be offered $60,000 for an entry-level job in DC, but not when you consider that $40,000 will afford you the same standard of living in Dallas.

Know your industry. Company size and classification can also impact earning potential. For example, finance and health care typically pay better than government and education. In addition, larger companies usually offer more comprehensive benefit packages than their smaller counterparts. On-the-other-hand, where will you find stability and job security? Where's the best opportunity for professional development and/or advancement? Who offers the least bureaucracy and greatest flexibility? Know what's important to you – and where to look for it!

Know your needs. Perform an inventory of your finances: Expenses, investments, goals, etc. Be sure to distinguish between how much you have to earn versus how much you'd like to earn.


Know your value. If you're a recent college graduate with limited experience, an employer is going to have to invest a significant amount of time (and money) in your orientation to the company and the position. This is especially true in fields that require certifications, such as computer networking, radiography, and digital forensics. If, however, you bring credentials with you, you're in a much better bargaining position.

Know how to evaluate your compensation package. When you first get the job offer, it's easy to focus on salary alone; however, compensation covers so much more. Consider the value of having a flexible workweek, tuition reimbursement, matching contributions to your retirement plan, and on-site childcare before you slough off that mediocre paycheck. Some benefits are worth more than money!

Know your limits. Are creditors beating down your door? Then you may not want to hold out for more money. Does the job promise a high salary but compromise your values? If you're committed to spending time with your family and the company expects you to travel 80% of the time, you may need to re-examine the offer – and count the costs!