Job Offer Evaluation
2022, June, 24
Factors to consider when evaluation a job offer. These are based on my life experiences as a Software Engineer and may not apply to other professions.
aka Salary / Cost To Company (CTC) / Package is the most obvious factor.
CTC may have multiple components like Basic Salary, HRA, Bonus, Gratuity, PF, Health Insurance. Do not get too excited by inflated CTC number, try to understand the actual in hand salary after tax deduction.
Components like Gratuity, PF, Health Insurance are not part of in hand salary and Bonus is not paid on monthly basis.
Day to day one's stress level does not depend on the salary but the people we work with. With helpful and supportive colleagues big workloads can be handled calmly but in a very office politics heavy environment simple tasks can be escalted to huge issues.
This could be tricky to evalute if we do not know anyone in that company. In such a case, reading anonymous employee reviews on sites like Glassdoor could help but it has it's limitations.
Whenever we do any kind of work the experience that we get and the skills that we learn could help in future jobs. But if we get to do any work which has declining prospects or in case of IT working on an soon to be obsolete technology stack, then it is not good for the future.
Conversely if we get to work on new upcoming technologies which could be in high demand in coming future then it is very desirable.
During the interview process it is good to ask questions about the job role and work opporunities related that role.
In software engineering one could be working to create or improve a computer application. During the process one gets to learn about the details of the underlying business of a company. Over a period of few years, having better understanding about the companies business could help with making better decisions and moving up the coporate ladder.
When evaluating a job offer try to understand the basis of the business domain in which the company operates and see it could be interesting to you.