In a hot market, you may find yourself balancing competing job opportunities. More and more, we are seeing skilled candidates find themselves in exactly this situation. While it may seem like a great problem to have, it can definitely make the decision making process more difficult. Here are a few things you can do to balance competing job opportunities.
- Evaluate Competing Job Opportunities in a Vacuum – if you have two or more job opportunities coming your way, try to evaluate each on its own merits. Consider the factors that were important to you in the beginning of your job search (i.e. more responsibility, a better commute, a growing company, etc.). If one opportunity doesn’t stack up, dismiss it and don’t let it bog down your decision making process.
- Look at Money Last – if you get competing job offers, look at money last. If two opportunities are very close in qualitative measures, looking at the financial compensation may tip the scales. However, don’t make a decision that is largely motivated by a slightly higher compensation package, where the opportunity itself is not as strong. If a second choice offer is substantially more money than first choice offer, you can always go back to the first choice potential employer and let them know that you’ve received a competing offer that is more money, but that you’d rather be working for them. They may not necessarily match it, but they might close the gap a bit and you’ll get to work at your first choice company.
- Be Mindful of Timing – timing can be a big factor in a job search. One potential employer may not move as quickly as another. If you have two or more potential employers speaking with you, be open and honest about where you stand in the process with other suitors. Tell them how many interviews you’ve had, if you are expecting an offer, if you receive an offer, etc. When a potential employer finally makes you a job offer, they are generally going to want an answer quickly. You won’t have too much time to sit on the offer while you wait for another company to pull the trigger. It’s OK to hold a company’s feet to the fire a little in order to keep the process moving along.