Job Offer Restrictive Covenants
Some companies ask employees to sign noncompete, nondisclosure, or other types of agreements that restrict employees.
- Restrictive Covenants - provided by NACE
Each situation is unique. Since a changing economy often affects the balance between supply and demand for engineering in the marketplace, an individual appointment with an Engineering Career Center Advisor may be helpful.
- "Evaluating and Negotiating Job Offers" - provided by Graduating Engineer & Computer Careers and the Stanford Career Development Center
- Insightful Harvard Business Review article - "15 Rules for Negotiating a Job Offer" - by Deepak Malhotra
- "Managing Yourself - Be Your Own Best Advocate" - by Deborah Kolb. A Harvard Business Review article where the focus is more on "everyday" type negotiation, but some good basic tips for negotiation discussions are included.
Before negotiating, it can be helpful to understand the typical salary range for the position you are applying to. Salary information from the National Association of Colleges & Employers as well as other resources may be helpful.
Benefits can be an important part of your overall compensation package.
- Benefits Count - provided by NACE
- Life Insurance Basics - provided by Kansas Insurance Department
- Benchmarking Benefits - provided by the U.S. Bureau of Labor Statistics
Choosing among Job Offers
CHOOSING AMONG JOB OFFERS by Marcia B. Harris and Sharon L. Jones
Lucky you! You have the fortunate problem of having to decide which job offer to accept. Many students would love to be in your shoes. Even in a good job market, many students, for various reasons, struggle to receive even one acceptable offer. Nevertheless, you may be in a bit of a quandary about how to decide which offer is best for you.
FIRST THINGS FIRST First of all, make sure you know enough about the organization, the job, and the details of each offer to weigh one offer against another. If you lack information, seek it out by asking the employer, researching the organization, and talking to others who work at or are familiar with the organization or job. Ask your career services staff if they have had feedback from past students who have taken jobs with the organizations you are considering, and check to see if your career office has an alumni adviser to help you make contact with alumni working for these organizations.
There is no perfect formula for making your decision, but one of the best ways to begin is by making a list of all of the features that are important to you in your first job. These may include such items as the type of work you’ll be doing, the organization’s reputation/prestige, training program, salary, benefits, location of job, opportunity for advancement, work environment, opportunity for free time (evenings and weekends), opportunity for travel, colleagues with whom you’ll be working, and so forth. The list of factors to consider may help you come up with your personal list. Add every possible item you can think of to your list. You might want to break out specific features that are crucial to you; for example, you might want to separate tuition reimbursement or medical insurance or an on-site fitness center from general benefits, if these are especially important to you.
After you have all the features on your list, rank them in order of their priority to you. For example, type of work may be most important to you, followed by salary, and then benefits.
Next, look at each job offer you are considering, and rate the features of each using a scale of one to five (with five being excellent and one being poor). For example, if ABC Company’s offer provides a great starting salary, you’ll most likely give that feature a “5” under ABC. If XYZ Company’s offer provides a lesser starting salary, XYZ might earn a “3” rating for salary.
After you have finished rating all the features for all of your offers, add up the scores for each offer. Although this is an inexact science, it is a way to demonstrate which offer provides you with the most of whatever features are important to you.
WEIGH YOUR OPTIONS CAREFULLY In the final analysis, remember to weigh carefully what is most important to you. Don’t be unduly swayed by the job title or the prestige of the organization and how it will impress your relatives. While it is helpful to get advice from family and friends, you are the one who will be going to work every day. You need to be sure that your job will be a good experience for you and will allow you to achieve your initial goals. Remember, though, that no job is perfect or able to meet all your needs. Consider the factors that you are willing to compromise on or have met in other ways. For example, if you enjoy travel and your job provides little opportunity for it, you can use long weekends and vacations for this interest.
NOTHING IS FOREVER Keep in mind that while you want to make the best possible decision at this moment in time, your decision is not irrevocable. The odds are great that you will not remain with your first employer for your entire career. As you progress in your career, you will continue to learn which features are of highest priority for you (your priorities will also probably change with time) and how to find the best opportunity to have these priorities met. Good luck!
Create your own list of features that matter to you and list them in order of importance, with the most important feature appearing at the top of your list. Then, rate the features of each company’s offer on a scale of one to five (five=excellent; 1=poor). In the sample to the left, the offer from ABC Company has the highest rating, indicating that ABC’s offer provides more of the features that matter to the sample job seeker. This is one way to compare job offers.
Courtesy of the National Association of Colleges and Employers.