How to evaluate a job offer
March 2021 – 15 min read
Knowing your value as an employee is important when negotiating salary and compensation for a job offer
Group benefits and pension are an important part of overall compensation for many employees
One week is the standard time to accept a job offer, however this is negotiable
Immediately accepting a job offer might not be the best strategy
Negotiating your salary and compensation
Know what you’re bringing the employer – Education, related and overall experience, skills, licenses and certification, abilities.
Know the market, locally and nationally.
Prepare negotiation points – Explain why you deserve the salary you’re requesting. Practice the conversation in a mirror or with someone else.
Know when to say no – While it’s important to be flexible, if the employer can’t come close to your expectations, then be ready to respectfully decline the job offer.
Now that you understand more about how to evaluate a job offer, you may also want to:
Calculate how much not having group health and dental and pension benefits might cost you per year
Talk with your advisor about how to withdraw or transfer your current pension or group RRSP savings to a potential new employer
The information provided is based on current laws, regulations and other rules applicable to Canadian residents. It is accurate to the best of our knowledge as of the date of publication. Rules and their interpretation may change, affecting the accuracy of the information. The information provided is general in nature, and should not be relied upon as a substitute for advice in any specific situation. For specific situations, advice should be obtained from the appropriate legal, accounting, tax or other professional advisors.