At the moment we are in a “candidate short” market for some types of roles so as a result candidates with particular skill sets are in hot demand. This is great if you are a candidate looking at your next move as it can mean there are a number of options available for you. So what are some of the areas should you consider in a multiple offer situation..?
Consider this situation. You have applied for a couple of jobs. You get an offer for one, you hand in your resignation and your manager offers you more to stay. Or you get a slightly higher offer from another role you applied for and can’t decide between the two. What is the best way to approach this?
1. Have a plan
Before you even start thinking about a new role have a bigger plan. Be strategic about your career. In this context, how important are these areas to you?
– Work-Life Balance
– The team you will be working with
– Career prospects
BUT did you know that according to Fortune the five most important things that make people happy at work are:
1. Work that challenges you
2. A sense of progress
3. No fear!
Think about these areas and decide how important they are to you. Do you have these in your current role? What is missing? This can be your context for helping to decide if a role is right for you.
2. It’s not all about the money…
Accepting a new role is a big decision and money is definitely a consideration. But so are some of the areas that hopefully you have thought about. Work/life balance, team, type of work, location (the commute!) part-time options, employment break policies, career prospects and progression and all the other areas that you have considered within your plan…. Will accepting a counteroffer mean greater stress around delivery and performance in your role?
3. Your Personal Brand
New Zealand is a relatively small legal market. For example, if you go down the track with a role and verbally accept it, then decide to take a higher offer made by someone else, how will this sit with you and your values? If you accept a counteroffer or sign on bonus to stay with your current firm, then will you feel differently about your role and your reasons for being there? AND does it change the original reasons that you had for looking to leave anyway? What about trust..?
These are all areas to think about, and the reality is that in these situations, there is no right answer. You will need to think about all the options, how it might feel thinking back on it in a few years time and hopefully also have your career plan as a framework.
4. Your relationship with your Recruiter
Yes, we are people too! Although it may not seem it at times, we may have put in a lot of time and work to secure you the offer you are now considering and through the process may have learned a lot about what you are looking for and what you are really wanting in your next role.
So involve us in your decision making! We have seen many different scenarios and can probably help if you are undecided about what is the best decision for you.
Overall, in these situations, or in any difficult career decision making it is good to have a broad plan or framework. Take some time to consider your options. It helps to engage with a career mentor too, formally or informally, someone who you can talk through the situation with and look at it in a balanced way.
There is no right or wrong, just the opportunity to better understand what is important to you and to make a considered balanced decision.
“Our goals can only be reached through a vehicle of a plan, in which we must fervently believe, and upon which we must vigorously act. There is no other route to success.” —Pablo Picasso