What to Do When You Get a Job Offer

Receiving a job offer is an exciting career milestone. It’s important to approach this moment with a thoughtful and strategic mindset rather than a hasty reaction. The period following the offer requires careful consideration to ensure the choice aligns with your long-term professional and personal goals. This is a time for deliberate evaluation, not just celebration.

Your Immediate Response

When you first receive a job offer, your initial response sets a professional tone. Express genuine gratitude and enthusiasm for the opportunity without accepting on the spot. Thank the hiring manager for their time and for extending the offer.

If the offer was made verbally, request a formal written offer for a thorough review. Politely ask for a timeframe to consider the details, such as 24 to 48 hours. This request demonstrates that you are thoughtful about the decision, and most employers expect this diligence.

Review the Written Offer

The formal offer letter outlines the specifics of your potential new role. Scrutinize every component to fully understand the compensation package and the conditions of employment. A thorough review prevents surprises later and provides a clear basis for any potential negotiations.

A. Base Salary

Your base salary is the fixed amount you will earn before any bonuses or deductions. Confirm that the figure in the letter matches what was discussed. This number is the foundation of your total compensation, so it is important to ensure its accuracy. Consider how this base salary aligns with your financial needs and the market rate for similar positions in your geographic area.

B. Bonus Structure

Many compensation packages include variable pay, such as performance bonuses or a one-time signing bonus. The offer letter should specify the nature of these bonuses. For a performance bonus, look for details on the metrics used for evaluation and the target percentage of your salary it represents. If a signing bonus is included, the letter should state the amount and any repayment conditions if you leave the company within a certain period.

C. Health and Wellness Benefits

Health insurance is a part of your total compensation. The offer should provide information on the health, dental, and vision insurance plans available. Pay attention to the monthly premium costs, deductibles, and co-payment details. Some companies also offer wellness stipends or programs, which should be noted.

D. Retirement Savings Plans

The offer should detail the company’s retirement savings plan, such as a 401(k). Look for information on whether the company offers a matching contribution. An employer match represents additional, tax-deferred compensation.

E. Paid Time Off

The policy for paid time off (PTO) directly impacts your work-life balance. The offer letter should outline the number of vacation days, sick days, and paid holidays you will receive annually. Also, check for details on how PTO accrues and whether unused days can be rolled over or paid out.

F. Job Title and Responsibilities

Ensure the job title and responsibilities listed in the offer letter align with your understanding of the role from the interview process. This section confirms the scope of your duties. Any discrepancies should be clarified before you accept the position.

G. Start Date and Work Schedule

Confirm the proposed start date works for you, especially if you need to give notice at your current job. The letter should also specify the work schedule. This includes whether the position is remote, hybrid, or fully in-office, and what the expected core working hours are.

H. Ancillary Perks

Companies often offer additional perks to attract talent. These can include funds for professional development, stock options, wellness stipends, or commuter benefits. These perks add value to the overall package and should be considered in your evaluation.

Evaluate the Big Picture

Once you understand the offer’s details, step back to evaluate the larger picture. A good salary and benefits package may not be enough if the role is a poor fit for your long-term ambitions or personal values. This phase is about qualitative assessment and professional alignment.

Reflect on your career goals and how this position helps you achieve them. Consider if the role provides opportunities for growth, skill development, and advancement. Think about the company culture and your potential manager’s style based on your interviews. The company’s mission and values should also resonate with you. Finally, assess the impact on your work-life balance, considering the commute, expected hours, and schedule flexibility.

Negotiate Your Compensation Package

After evaluating the offer, you can enter negotiations. A professional approach with a clear strategy can lead to a better outcome. The negotiation is not just about salary; it can encompass various aspects of the compensation package.

Conduct market research to understand the salary range for your role, experience, and location. This data will serve as an objective foundation for your request. When you initiate the conversation, express your gratitude and reiterate your interest in the role.

Build a case for your value by highlighting your skills and experience. When you make your request, be specific and state the exact salary figure you want. You can also negotiate other elements like a signing bonus, additional vacation days, or a flexible work arrangement. Be prepared for a collaborative discussion.

How to Formally Accept the Offer

Once you have reached a final agreement, formally accept the job offer. This is done in two parts: a verbal acceptance followed by a written confirmation. A phone call to the hiring manager to convey your decision and excitement helps build rapport and sets a positive tone.

Following the phone call, send a formal acceptance email as a record of your agreement. In the email, clearly state that you are accepting the position. Reiterate the key terms you agreed upon, including your base salary, bonuses, and your official start date. Conclude by expressing enthusiasm and asking about any next steps.

How to Professionally Decline the Offer

If you decide the job is not the right fit, decline the offer gracefully to maintain a positive professional relationship. The connections you make during the hiring process can be valuable for future opportunities. Inform the hiring manager of your decision promptly.

A phone call is a personal way to decline, but a well-written email is also acceptable. In your communication, express gratitude for the offer and the team’s time. You do not need to provide a detailed explanation; stating you are pursuing another opportunity that better aligns with your career goals is sufficient. Wish the company and the hiring manager well.