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Evaluating a Job Offer

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Title: Evaluating a Job Offer


1
Evaluating a Job OfferDifferences to Expect
  • Presenters
  • John Hillmann
  • Jeff Mowris

2
Agenda
  • Introductions
  • Evaluating Job Offers
  • Transitioning from School into a Professional
    Environment
  • Questions

3
Before you Interview
  • Determine your needs/wants
  • Salary/benefits
  • Location
  • Type of work (manufacturing, RD, etc)
  • Industry (automotive, food, pharmaceutical, etc)
  • Size of company
  • Dont waste time interviewing with companies that
    will not fit your needs
  • Similar to choosing a college

4
During the Interview
  • Ask general questions
  • Company philosophy
  • Type of work (engineering, supervision)
  • Typical career path
  • Dont waste time asking about specifics
  • Wait until after an offer for details
  • Decide if you actually want to work for the
    company before an offer is extended

5
Once an Offer is Extended
  • Dont be afraid to ask any question
  • If a company is interested in hiring you, they
    should be happy to answer any question
  • Direct questions to correct person
  • HR Director
  • Recruiter
  • Hiring manager

6
Items to Consider When Looking at Job Offers
  • Scope of the job, nature of work
  • How the job meets your goals
  • Organization and personnel
  • Opportunities for professional growth
  • Values and philosophies of management
  • Geographic conditions (relocation/travel)
  • Salary and potential for increased salary
  • Benefits

7
Understanding the Position
  • Does it match my career goals?
  • Does it seem to offer the challenge Im seeking?
  • Will it use my existing skills and education?
  • Do I understand the job responsibilities clearly?
    What is the scope of my responsibility?
  • Are the work hours acceptable? Is overtime
    required? If so, how often? What happens if Im
    inflexible?

8
Organization and Personnel
  • Will I fit into the corporate environment?
  • What is the companys future? Is it
    restructuring? Downsizing? Expanding?
  • Do I understand the chain of command clearly?
  • Do I know my managers style and work
    expectations?
  • What does the rest of my department team look
    like? Do I feel that I will fit in?

9
Opportunities for Personal Growth
  • Can I become a member of the team quickly and
    succeed immediately?
  • What are my promotional opportunities in this
    position?
  • Do I think that I can advance in this company? Is
    it a leader in its field or industry?
  • What does the company do to help me maintain and
    improve my professional status and knowledge?

10
Values and Philosophies of Management
  • How prominent is the companys commitment to its
    values and code of professional conduct?
  • How does the company contribute to the community?
  • Is the organization known for promoting from
    within?
  • How committed is the company to workforce
    diversity?

11
Geographic Conditions
  • Do I know enough about the community I could be
    living in?
  • What will my commute be? Do I need a car? Is
    alternate transportation available?
  • Is there a large difference in the cost of
    living? If so, is there compensation or salary
    adjustment?
  • Must I travel? If so, how much? How far?
  • Must I relocate in the future? If so, what are
    the other possible locations?

12
Salary and Potential for Increased Salary
  • What will I be paid in this position? Is there a
    fixed salary or salary range for this position?
  • How often will my pay be reviewed?
  • How does individual development and performance
    influence my salary growth?
  • Is superior performance rewarded? How?
  • Is there a variable pay program? What is the
    variable pay expectation for this job?

13
Benefits
  • What is the benefits package?
  • When is coverage effective?
  • How much does the company pay, How much will I be
    responsible for paying?
  • How much time off will I have (vacation,
    holidays, sick time)?
  • What types of retirement programs does the
    company offer?
  • How does the organization support employee
    wellness?

14
Getting an Offer
  • An official offer needs to include
  • position title
  • starting salary
  • start date
  • Avoid accepting an on-the-spot offer
  • do some homework and evaluate the total
    compensation before accepting
  • a lower salary may be equal if the value of the
    benefits package is more
  • Know the decision deadline
  • ask for an extension if necessary

15
Job Offer Contingencies
  • Offers often have contingencies attached
  • pass a physical examination
  • document your citizenship or immigration status
  • obtain security clearance
  • undergo a thorough background investigation,
    including credit history, police records and
    travel history
  • verify your academic credentials
  • Non-Compete Agreements
  • to prevent former employees from working for
    competitors for a specified period of time

16
Total Compensation
  • Benefit portion typically ranges from 25-35 of
    base salary
  • Be aware of details of the benefit program and
    calculate the full value of salary and
    benefits--Total Compensation
  • Do your research on salary and benefits
  • have a bottom-line compensation figure, the
    minimum youre willing to accept
  • calculate what you need to live on, adjust for
    cost-of-living index for the city/area

17
Benefits Packages
  • Time away from work
  • vacation
  • holidays
  • sick days/personal days
  • Work arrangements
  • flex time
  • telecommuting
  • overtime, comp time, travel premiums
  • Relocation expenses

18
Benefits Packages-Insurance
  • Medical
  • Dental
  • Optical/Eyecare
  • Life Insurance
  • Accidental Death
  • Disability
  • Business Travel

19
Benefits Packages-Retirement, Stock Plans
  • 401k Plans
  • check on company matches on your contribution
  • check the time it takes to vest in the company
    matching amount
  • Pension Plans
  • many companies are cutting back on these
  • Profit Sharing
  • typically at discretion of executive management
  • excellent benefit when company is profitable
  • Stock Options/ESOPs (Employee Stock Ownership
    Plans)
  • buy stock at a discount from market value

20
Benefits Packages-Additional Perks
  • Tuition reimbursement
  • Professional/Advanced training
  • Expense reimbursement
  • Dependent care
  • Flexible Spending Accounts(pre-tax)
  • Employee Assistance Programs

21
Benefits Packages-Additional Perks
  • Health Clubs
  • Transportation Programs
  • parking/commuting reimbursement
  • Professional membership dues
  • Special company discounts
  • Unpaid leave time
  • Termination agreement (severance pay)

22
Rating Your Job Offers
  • Rate the jobs on the same criteria
  • determine the criteria most important to you
  • base criteria on your priorities
  • Create and use a Decision Matrix
  • use a system that works for you
  • try to be as objective as possible

23
Decision MatrixExample 1
24
Decision Matrix Example 2
25
After the Decision
  • Communicate your acceptance
  • verbal acceptance is ok
  • follow with written acceptance or return
    employment agreement to company
  • Respond to all job offers
  • not necessary to say what company you accepted
    with
  • communicate your appreciation
  • keep contact information

26
Evaluating Internship Offers
  • Dont need as much detail as full-time
  • Important things to consider
  • Site visit possible?
  • Level of responsibility/Type of work
  • Hourly vs. Salary
  • Start/end dates
  • Relocation expenses
  • Housing provided?
  • Other interns?
  • Vacation possible?
  • Dont be afraid to try something new

27
Questions on Job Offers?
28
Success vs. Failure
  • Success can be measured in different ways
  • For every 1 way to succeed, there are at least 99
    ways to fail
  • If you dont know the criteria for success,
    youre almost guaranteed to fail
  • Giving a C effort or result is unacceptable
  • Giving an A effort is usually unnecessary

29
Problem Solving
  • School
  • A 4x3-13 centrifugal pump is supposed to deliver
    90gpm of 100F water to a tank 35 ft above the
    centerline. Figure 14.2 shows the layout of the
    2 discharge pipe, and Figure 14.3 shows the
    associated pump curve. The current power input
    is a 1750 rpm, 3 phase, 460V, 18FLA, 30Hp motor.
    Determine the pressure the pump must supply and
    whether the motor is sufficient.
  • Work
  • That pump isnt working right. Go fix it.

30
Problem definition
  • Problems are not always clearly defined
  • Often need to choose how accurate to be (i.e. how
    much safety factor)
  • You will need to make assumptions, but
    assumptions are based on experience
  • Never work on the solution before you know the
    question
  • Determine scope for an acceptable solution
  • Design? Budget? Implementation?

31
Problem solving process
  • Vendors can often do some things for you, so
    dont waste your time trying to do everything
  • Equations and calculations are great, but try
    using them as your last option
  • Sometimes half the problem is determining the
    values of your variables
  • Always list your assumptions

32
Problem Solutions
  • The solution to a problem is very rarely a number
    that you put a box around
  • Once you have a solution, you generally still
    need to sell it to everyone
  • How you present a solution is just as important
    as the solution itself
  • If you involve multiple people in the process,
    they are more likely to accept your solution

33
The Almighty
  • Every business is out to make money
  • The best solution and the right solution are
    often two very different things
  • Just because you develop a solution does not mean
    that it will be used
  • Almost every calculation ends with an economic
    analysis

34
Time Management
  • You are ultimately responsible for managing your
    time effectively
  • Set a schedule and track your progress
  • Dont volunteer for everything possible
  • Imagine being handed the text book, the syllabus
    and the date/time for your final could you pass
    the class?

35
Company Culture
  • Pay attention to unwritten policies
  • Lunch breaks/personal time
  • E-mail
  • Internet usage
  • Follow corporate guidelines on
  • IP security
  • Cleanliness/organization
  • Safety

36
Office politics
  • In school, you just do your work and receive a
    grade for it
  • At work, personal advancement is not always
    measured on merit alone
  • You dont need to impress everyone, just the
    right people
  • You never know who will be your next boss
  • You cant burn too many bridges

37
A diploma is just a piece of paper
  • Graduating with a degree in engineering means
    youre done learning the first 20
  • School taught you problem solving skills, you
    need to learn how to use them in the workplace
  • Dont expect to work just as one type of engineer
    (ME or ChE, etc.)
  • Experience and accomplishment is what really
    matters
  • High School senior versus College freshman
  • You can learn something from everybody

38
Communication
  • It doesnt matter how good your idea is if nobody
    else can understand it
  • There is no excuse for poor grammar or spelling,
    especially for external communication
  • Always send professional e-mails
  • You never know who they will be forwarded to
  • Never write a paragraph when a sentence will
    suffice
  • Provide answers, but be ready to supply method if
    asked

39
Priorities
  • Discuss priorities with your boss
  • If everything is a priority, you have problems
  • In school, everything is important and must be
    completed in one semester

40
Other Differences
  • If youre not a morning person, set 2 alarms
  • Oversleeping is inexcusable, and napping is even
    worse
  • You can afford better beer but have less free
    time to drink it
  • You will not have every computer program on earth
    available to you, so dont be surprised if you
    dont have Maple to do all your math
  • Never complain to the parent of a newborn that
    you got only 6 hours of sleep last night
  • Do or do not, there is no try

41
Questions?
  • John Hillmann
  • Jeff Mowris
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