Job search? We wouldn’t be surprised if you – and many people you know – are looking: the recent Microsoft Work Trend Index survey of more than 30,000 workers worldwide found that 41% of employees were considering leaving their job. or change professions this year. And a Personio study of workers in the UK and Ireland found that 38% of respondents expected to leave within six months to a year.
For those in Europe and the EU, the outlook looks good. The IMF reported a record unemployment rate in the EU of 6.2% in January 2022, with labor market participation reaching an all-time high.
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If you’re looking for a new role now, it’s a good idea to spread your bets. However, options are only part of the job search picture, and once you’ve gone through the selection and interview process with the recruiter and have a few offers on the table, that should you do?
Grant Thornton’s recent Work Status Survey found that of survey respondents who accepted a new job in the past year, 31% had received two offers. 16% of them had three offers – and a further 6% had five or more job offers.
So here’s how to handle the process with finesse, so you get the best deal possible.
Should I say I have another offer?
Of course – and in fact you may be asked if you are interviewing elsewhere or if you have other offers. You can tell them if you have another job offer and ask for their best offer in writing. You can also ask them for a time frame in which they would like your final response – a good idea as this will promote the idea that you are organized, process-oriented and will deliver on time.
Carefully review each offer
Starting with salary and other financial benefits, such as stock plans, bonuses, and pension contributions, weigh the options for each role. Some jobs offer less in terms of base salary, but better pension contributions and bonuses can add up to a bigger overall package, so careful consideration is needed.
It’s not just a question of salary
Of course, money is important, but there are other factors to consider. Evaluate the package of benefits offered and be sure to separate the benefits (team building days) from the actual benefits (paid healthcare). How good is each company at professional development and training, and are there budgets and mentoring opportunities in place for both? Can your career progress or will you be looking for another position in a short time?
Is the culture suitable You?
We hear a lot about fit culture these days. In a nutshell, it’s designed to assess whether your work preferences and values match the company you’re applying to join, and often candidates walk out of a previously smooth hiring process at a tailored interview stage. to culture. They just weren’t “the right person”. But you can also use it in your favor. Do the companies from which you have received offers correspond to the type of company culture that suits you? Look into things like their hybrid or work-from-home policies, and assess how they handle parental leave if that interests you. Know that a fast-paced, fast-paced start-up is unlikely to give you a relaxed day-to-day.
Not to be too courteous about it, but did you get a good vibe from the people and teams you met throughout the hiring process? It’s not uncommon these days to do multiple rounds of interviews, especially for technicians. Chances are you have met people you will work with directly or depend on during the interview process. How did you find them? Did you have a good impression of the team and the company you hope to join? The people we work with can make or break our 9-5, so it’s important to get it right.
Can I renegotiate?
Yes, in a nutshell. What you’re aiming for here is getting great work that you really want to do, with a good package that reflects your value. So if a job you were offered is stronger on things like cultural fit and you really liked the teams you met during the interview process, but the money and benefits are less, so you can be honest about that. Go back to the hiring manager and explain that this role is your preference, but you’re looking for a bit more in terms of salary or benefits, and ask if he can match your other offer.
Are you ready to dip your toe into the 2022 job market? If so, the Silicon Canal Job Board currently has thousands of open positions, at companies such as Indeed, PayPal, Klarna, BNP Paribas, Hubspot, Dyson and many more.
Watch our interview with Paul Down, Head of Sales at Intigriti.