Having multiple job offers is a fantastic situation for many candidates to find themselves in, yet deciding on which role to take can be difficult.
Job-hunting, when faced with multiple offers, is often likened to dating. Opportunities presented will each have pros and cons and choosing the right one is imperative to having a happy and successful career. If you receive offers within the same deadline period for acceptance, your task will simply be to decide which option is preferable.
Although employers may appear to have the upper hand, especially when it comes to negotiation, highly skilled and in demand candidates like you are put in a stronger position. According to research from a popular CV website, almost 49.8 percent of the UK workforce have admitted to accepting multiple job roles, in an attempt to secure the best salary and job offer. This trend, also known as ‘job-hoarding’, has the potential to yield better results.
How can you maximise several offers to your advantage?
When it comes to comparing between prospective companies, you will need to start by creating a list of criteria for each of the prospective opportunities and rank them from first to last. You will need to bear in mind that your first choice may drop in ranking as you progress through high-level interviews, so developing a strategy before proceeding with each employer is important.
Developing a strategy in advance will help to encourage proactive decision-making rather than reactive decision-making
It is an expectation for top candidates to have multiple job offers, however, candidates need to be upfront with potential employers. In most cases, it is highly likely that you will get an offer while you are still interviewing with other employers. At this stage, hiring managers will appreciate your honesty. The key is to try and gauge the amount of time you have before they need a decision from you.
You’ll want to learn all there is to know about each opportunity so that you can compare all options armed with all the necessary information. Handled carefully, this is an opportunity to accept a job that is the best fit for you at this stage in your career. For example, if the work schedule is a deal-breaker for you, and a condition you need to take the job is the opportunity to have flexible working, it is down to you to see if the company’s culture supports that before you interview. Gauge your needs as early as possible. This helps alleviate some potentially uncomfortable situations later down the line.
Remember, employers are less likely to go above and beyond for candidates who do not demonstrate an interest in joining their company – you are still in a position where you need to ‘sell’ how you will be in employment, and good communication is an important skill to have in every position.
Employers won’t be surprised that you want to negotiate on salary, but be prepared to make a strong business case for the salary you are looking for. You need to persuade the employer that your skills and experience are worth more than their current offer and that a higher offer is still in line with your current market rate.
Do your research and find out what the typical salary is for your role and location. This will help you work out how competitive the offer is and whether you should be asking for more.
Be assertive, but also be very realistic. Talking about a salary that is too high may mean a negative start to negotiations. Always be prepared to meet in the middle. Salary isn’t the only criteria you can negotiate with, you can negotiate other benefits to make up the overall package that you would like.
It's never easy to decline a job offer, especially when you feel like you have established a good relationship with the hiring manager. To avoid awkwardness, you need to be as transparaent as possible in the interview process about what you are looking for in a position. Then, if the offer does not meet your previously stated requirements, it won't be a surprise to the potential employer when you decline it .
Always make sure that when declining an offer, it is done professionally, respectfully and more importantly, tactfully. Try putting yourself in the hiring manager's shoes. What would you want to hear from a candidate? It is also important to keep in mind that you never really know you may apply for a job with the same company again or interview with the same hiring manager, perhaps at another company in the future. Ultimately, for every interview that you attend, you are building a network of contacts.
Organisations incur a lot of expenses when interviewing candidates, so it may be an uncomfortable position for some to say 'no' to the job. In some cases, the hiring manager may have offered you everything that you have asked for, adding difficulty to declining the role. The interview process is an opportunity for both parties to evaluate one another - the hiring manager wouldn't necessarily feel guilty if they didn't hire you so they too will recognise that it is not unreasonable for you to decide that their company, or job is not right for you.
It’s important not to keep either company waiting for too long. Employers will see any delay in your response as a perceived lack of interest. While it’s important that you secure the right package, a potential employer wants to recruit you because you want to work for them – not because they are paying the highest salary. Mishandling of this could cost you the job altogether.
The main thing you have to think about when juggling multiple job offers is your happiness in your chosen career. You need to weigh the positives and negatives and measure each factor on its level of importance. For example, the salary offered may not be great but you’ll be working with a great group of people or the salary is fantastic but you’ll have a long commute instead. You have to figure out what is most important to you.
We build you a network by connecting you to leading employers that you want to work for, saving you a lot of time. By joining Endorsed, you will be able to chat to employers directly, gather all the information that you need pre-interview that all goes towards helping you to make the best decision for your career. Sign up now to get Endorsed.
Managing Director of Endorsed Direct Hiring. Larissa has worked in the technology and recruitment sector for over 10 years and knows just about everything there is to know about what it takes to hire great people.