As you weigh different career options, interview for positions, and consider offers, it’s important to conduct research into industries, employers, specific positions, salaries and geographic locations. Talk with a Friedman School Block Career Center Advisor for advice about evaluating and negotiating job offers. Below are a few additional things for you to think about.
Advice for Candidates
- Evaluate the Offer
Consider what is important to you in your next career move. No matter how pleased you are with the offer, it’s still wise to delay your acceptance for a short time so that you can objectively evaluate the offer in relation to your personal and career goals.
If you have not already done so, research salary and cost of living information before you make a decision. Politely ask the employer for the latest reasonable date by which they would like your reply.
If You Have Other Offers
Explain this to the employer. Reaffirm your interest in the offered position, but also express that you wish to carefully evaluate the other offer(s) as well. Keep in mind the importance of preserving your positive relationship with the employer throughout the negotiation process, no matter what you decide.
- Factors to Consider
There are many aspects to think about in a job offer—not only salary. Some important considerations in evaluating a job offer are:
- Your start date (sometimes there is flexibility surrounding your starting date)
- Responsibilities and tasks of the job
- Working conditions (colleagues, supervisor, size of organization, organizational culture)
- Training and development opportunities
- Salary, salary review, and increases
- Frequency of performance reviews (potential for salary increase)
- Benefits other than salary (relocation allowance, vacation, leave, insurance, retirement savings plan, profit sharing, tuition reimbursement, professional membership, and association activities)
- Geographic location (review salary and cost of living)
- Number of hours expected in a typical work day/week
- Parking/transportation costs
- Travel on the job
- Lifestyle that the job will involve
What is a reasonable time frame for responding to (accepting/declining) a job offer? And what is considered unreasonable pressure from an employer for an instant response (“exploding” job offer)? NACE (National Association of Colleges and Employers) offers complete guidelines for reasonable job offer deadlines.
Delaying Your Response
If you are not ready to accept an offer, it is appropriate to ask for more time. You may have other offers to consider, or you may simply be unsure whether the offer is a good fit for you. The employer may be working with a certain hiring timeline and may decide not to allow you an extension. Ultimately, the match between you and the employer will be best if you can take the time up front to properly evaluate the offer.
Depending upon your level of experience and the employer’s policies, you might not be able to negotiate your salary right away. But a 60-day, 90-day, or 120-day performance review and pay raise possibility might be an option. If salary negotiations are not an immediate option, you might ask about the frequency of future salary/performance reviews. You might also inquire about annual bonuses and benefits such as association memberships, tuition reimbursement for future education, or travel.
In some cases it may be appropriate to ask whether the employer offers a signing bonus. This depends on the industry and competitiveness of the position. When evaluating or comparing offers, weigh the responsibilities of the job and the career growth potential against the starting salary. You can also consider negotiating for benefits other than salary, such as extra vacation time or a relocation allowance.
- Negotiating Quick Tips
- Ask if there is “wiggle room” to negotiate in the first place.
- Always be enthusiastic about the offer. If the employer doesn’t think you want the job, they may be less likely to want you.
- Be confident (but not arrogant). Remember, the company has invested time and resources interviewing candidates and does not want to start over unless it has to. It is up to you to remind your potential employers of how you will be a valuable member of their team.
- Silence is ok! While silence often makes people uncomfortable, a pause in the conversation is ok. Filling the silence in a negotiation can also signal that you are lacking confidence or that you are extremely nervous. After you’ve made your request or posed a question, stop talking and wait for a response.
- Be realistic. Don’t be greedy or naïve; base your negotiation on your skills and the level of job for which you are applying.
- Leave your emotions outside. This is a business transaction. Do not let your pride, fear, uncertainty or any other emotion impact what you say or do.
- Be prepared to walk away. No matter how well you negotiate, the deal might not meet your expectations in one of the areas you know is important to you. Decide ahead of time when to say thank you and walk away from the table.
- Get the offer in writing. Be sure you get the negotiated terms in writing before you accept the offer.
Accepting the Offer
Verbally confirm your acceptance of the offer and follow up with a written confirmation reiterating salary, start date, and position title. Express your appreciation for the offer and convey your enthusiasm for joining the organization. If applicable, specify when you will meet additional conditions of employment, such as completing other required documents. As soon as you officially accept an offer, you should withdraw your candidacy from all other employers.
Declining the Offer
Verbally decline the offer, then also send a well-written email thanking the employer for their efforts in recruiting you and for the offer. Explain (generally, not in great detail) why the other offer you are taking better matches your needs or desires at this point in time, but express your sincere appreciation for the opportunity to interview. Contact a Block Career Center Advisor if you would like assistance in drafting this message.
Even though you are declining their offer now, it’s always a good idea to keep the door open for a possible future connection with the organization!
- Ethical Negotiations
Accepting a job offer and then continuing to seek a better offer may seem like a good idea; after all, you’ve often been advised to keep your options open. In fact, it is considered unethical to keep yourself on the market once you have made a commitment to an employer.
Accepting and then declining an offer damages the relationship between the employer and the Tufts Friedman School. If you are having difficulty making a decision about an offer, we encourage you to discuss your situation with a Block Career Center Advisor prior to making a decision.
Your acceptance is a commitment that implies you have ended your job search and will soon be a part of that organization. Remember, how you handle such decisions is a reflection of your values, priorities, and ethical/professional conduct.
Two books you may find helpful:
- Negotiating Your Salary: How to Make 1,000 Dollars A Minute by Jack Chapman
- Ask For It by Linda Babcock and Sara Laschever
See below for many more Featured Resources related to negotiation and labor market research.