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Things to Consider Before You Accept That Job


With the employment rates slowly increasing, more and more people are being offered positions. As the economy moves upwards, odds are your chances for moving up the corporate ladder or getting other job offers will increase. Also, jobs are opening up for graduates. Opportunities are opening everywhere from personal training careers to new graduate nursing jobs. Everyone enjoys their hard work being recognized. If you goal is to get a job elsewhere or one with better compensation, you may want to think twice before you accept the job offer. Whether you realize it or not, there are many factors beyond salary that you should consider when accepting a new job.

Distance from Home: Would your new office be farther from home? If
so, this not only means a longer commute, but more expenses on transportation. You not only have the cost of rising gas prices, but also the wear and tear on your vehicle. A longer commute also means less time at home with your loved ones (as a side note, maybe you’d also like to explore ways to make money from home if you’d like to spend time with your loved ones).

Salary vs Hourly: Would the new position be a switch from being
paid a salary as opposed to per hour? If so, you should make sure to take into
consideration that salaried professionals are often asked or expected to work longer hours. My former supervisor took her current mid-level management position at my current employer because she wanted to work closer to home.

Her husband was on disability and she wanted to be able to take care of him. She took a small pay cut for the benefit of a shorter commute and the idea that she would be working 35 hours a week instead of 40. Unfortunately, she is paid salary and her average work week is somewhere between 45-50 hours a week. Talk about a surprise! It won’t happen to everyone, but make sure to consider that it could happen to you.

Benefits: The prospective employer may try to impress you with a
decent salary (or hourly rate), but make sure to ask questions about their benefits package. This not only includes any retirement matching, but also health insurance coverage. Not only can health insurance premiums vary significantly, but a reduction in how much the employer contributes to your 401k or 403b can mean the difference of thousands of dollars each year.

Future Raises: Another thing to inquire about when considering a
job offer is the expected yearly raises. While many companies have a standard
percentage increase each year to match/beat inflation, it shouldn’t be expected. Make sure to ask about the anticipated annual raises. If they can’t give you a specific figure, ask about recent raises in the past.

My current employer used to give 3% salary increases, but with the current economy these have been all but eliminated. With the increase in health premiums that resulted from healthcare reform, I actually make less money than last year.

The important element in all of these areas that affect your final compensation is to ask questions. If you simply listen to the offer being extended, you may be
overlooking important aspects that will affect your financial compensation. If you are currently employed elsewhere, you owe it to yourself to do your homework and make sure it is the best decision. Compensation doesn’t have to be the only reason for switching jobs, but you should make sure to know all of the facts before making your decision.

What other factors do you include when considering a job

This was written by Corey, a staff writer from 20’s Finances where he writes to assist those who need help with money.



My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.


  1. I feel like every time I read an article from this site you are thinking of my brother’s life. If I had a nickel for every time I forwarded an article to him I would be financially independent.

    I would add and this is personal for me…

    Are you passionate about it?

    • I hope your brother is impacted by these articles as well! Thanks for passing the word on. I love to help others – and this is certainly one way that I’m able to do so (through my articles). Good point about the passion as well. If you don’t have a passion for your work, chances are that you’re not going to succeed in your field. That’s just the way it is.

    • I second that! Passion is something very important. Otherwise, you spend more money trying to recover from the day after being drained from either boredom or hatred…instead of truly loving what you do.

  2. It is a balacing at for me. I took a new job whihc needed more travel time, more expensive commute and also paid a little less but the work was much more interesting and I loved the people.

    • I couldn’t agree more – You always have to weigh which is most important to you.

  3. Great timing to find this article – I am hiring people for my employer right now. I think benefits is one of the keys here. A lot of my interviewees seem to be getting higher job offers, but after 5 minutes of going through the benefits, their offer does not sound as appealing as what I would be offering. Long term, I also can appreciate the aspect of company growth. Are you just going to be number cruncher for the next 20 years, or will there be opportunity to be in charge or be a director someday?

    • That’s a great point indeed – The possibility for growth is very important to consider. Do you hire a lot of people on a regular basis? Or are you just filling an open position?

  4. All good points. I would add to find an environment where you can be rewarded for your talent and skills in increases and/or promotion. In other words, see advancement in your career.

    • Great point Krantcents – advancement is an important aspect and it goes beyond the annual raises to match (or attempt to) inflation. A lower job with higher chance of moving up in the future may be worth more than a better job right now.

  5. The recent recession has really made us stop and think about our priorities when it comes to employment. Most of us are still probably just thankful to have a job but there is more to consider than just compensation and how much money you will make. Great article, thanks for sharing!

    • Thanks – Yes, the recession has forced everyone to learn more about finances in general as well as careers.

  6. Benefits are huge to consider. If you don’t have proper insurance benefits then it doesn’t make sense. If you pay out of pocket for your health insurance, it can lead to a major drain on your salary.

  7. Actually all of the ways are already there, what’s not included is that you must know the environment of work that you will encounter once you’re hired.

  8. Hey some nice tips here. They come really handy for me because I just started to look for a new job and I need this kind of advices. Thanks 😉

  9. Some interesting thoughts on what to consider when offered a job. I’d add in looking at how successful the company is, to say nothing of how likely it will remain successful in the future. The job could have great rankings in all the listed categories, but if it disappears off the face of the earth in a month, it doesn’t do you much good. *cough* Internet companies in the late nineties *cough*

    • Good point Roger. The company’s success is very important. It could have the best pay and benefits in the world, but if it goes bankrupt soon after you start, it really doesn’t matter much does it? Thanks for the comment!

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