AFR: Look beyond a pay rise: How to choose between multiple job offers - Michelle Gibbings

Thanks to Tess Bennett and The Australian Financial Review, Michelle had the opportunity to provide her comments of how best to choose between multiple job offers. 

Recruiters are warning professionals to look beyond a big pay bump before jumping into a new job, and instead keep sight of their motivations for leaving their old role.

A shortage of candidates means that skilled workers who are open to changing roles are spoilt for choice when it comes to selecting their next position. But Nicole Gorton, director of recruitment firm Robert Half, said there has been a rise in candidates who have accepted roles accompanied by substantial pay rises who regretted their decision six months later.

“It’s prevalent in the current marketplace where people have taken the roles for the wrong reasons,” Ms Gorton said.

“At the moment companies will offer big uplifts in remuneration, anywhere from 10 per cent to 20 per cent on your current package. I would say don’t consider that in isolation. Take a long-term view.”

Forty-two per cent of business leaders who responded to a survey conducted by recruitment firm Robert Half said more candidates have withdrawn their application or reneged on a job offer in favour of competing offers compared to before the pandemic.

Ms Gorton recommended job seekers write down their career goals to make it easier to evaluate multiple job packages and to consider which job will most benefit their career over the long run.

As a sales leader in the technology sector, Neil Landers is used to recruiters approaching him fortnightly on LinkedIn with job opportunities. Although he wasn’t actively looking, last year one offer caught his eye.

In October Mr Landers accepted a sales role at HR software company Employment Hero, based on the company’s reputation and his experience using the software it makes.

“The role at Employment Hero would be essentially the same pay, a little bit of a drop in seniority, but it would also allow me to join a company with a really fantastic culture, which was really important to me,” Mr Landers said.

The role also allowed him to work remotely and take share options in the company.

His advice to friends who are also considering different roles is to make sure they join a company that has the right culture for them.

“I think a lot of companies still believe that employees are almost disposable and people will just stay with a company no matter what was happening with the company and its culture,” he said.

“That’s really changed.”

Remember why you are leaving

Sarah Bolster, the managing director of SB Recruitment, said job seekers should not lose sight of why they started looking for a new role in the first place.

“Sometimes during a recruitment process it can be easy to get swayed with the rooftop bar at the potential new office or the gym membership they provide staff,” Ms Bolster said.

“However, if your key driver was to join an organisation that provides you with an opportunity to be involved in community work, flexibility to work hours that suit your family or provide you with support to obtain your CPA [certified practising accountant qualification], then the gym membership and Friday night drinks might not be for you.

“If you’re still not sure, an informal coffee with the hiring manager to see if personal values align could help with the decision-making process.”

Workplace expert Michelle Gibbings, also recommends candidates have clear decision-making criteria and consider how a role aligns with their careers aspirations.

“Know who you will be reporting to and consider their leadership style and the company’s culture. A great job quickly turns into a bad job if the workplace is toxic and you are working for a bad boss,” Ms Gibbings said.

And remember to trust your gut.

“Your body tells you when something doesn’t feel right, but don’t confuse that with the natural nervousness that can come with taking on a bigger role,” Ms Gibbings said.

Tip of the Week

How to choose between multiple job offers

Candidates need a strategy when evaluating job opportunities. Workplace expert Michelle Gibbings suggests following these five tips:

  • Have clear decision criteria. Outline what’s most important to you so you have an objective way of assessing and weighing up the options.
  • Check how the role aligns with your career aspirations. Will you have the learning opportunities and flexibility you seek?
  • Know who you will report to and consider their leadership style and the company’s culture.
  • Money is rarely the ultimate motivator – a short-term pay rise can lead to longer-term unhappiness at work.
  • Trust your gut instinct. Your body tells you when something doesn’t feel right, but don’t confuse that with the natural nervousness that can come with taking on a bigger role.

Tip of the Week is published in the Work & Careers newsletter, brought to you in partnership with SEEK.

 



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