How to Evaluate a Job Opportunity

23 Apr
I-Career Search

It is essential to evaluate each job opportunity before taking the leap.

In these changing times, it’s more important than ever for ever job seeker to know how to evaluate a job opportunity.  Establishing a set of acceptable criteria for each prospective employer in advance of accepting a position can save you time, money, and keep your career on-track over the long-haul.  Here is a list of the top factors to assess before becoming a part of any company’s team.

Is the company financially stable?

If the company is publicly traded, are they reporting record losses?  Are there news reports of scandal or bankruptcy filings?  These are good indicators the company may not be a quality option.

Do you know who’s running the operation? 

Most companies have a section on their website with the biographies of the CEO, Board of Directors, and the top rung of management.  This data can also be obtained through research sites like Hoovers or LinkedIn.  Have there been frequent high-level changes over the past three years?  Does the organization have a competent team in charge?  If the Vice-President of Sales was indicted ten years ago on embezzlement charges, this may be a red flag that stability could be an issue.  Look at the company’s leadership as if they are under a microscope.

Look at lay-off trends for the organization.

Does the company have a history of performing mass lay-offs?  Do they have high-turnover rates?  These points are indicators every job seeker should further consider.

Does the employer have a good reputation in the community?

A reputation, whether positive or negative, precedes an organization.  Talk to people, network, and learn. 

Is the company adding jobs and growing?

Are they hiring more this year over last?  Are they adding additional office locations?  These are two good indicators of growth.

Is the entity considered innovative and fresh – or a dinosaur?

Many companies out there have antiquated processes and business systems.  When an employer never invests in upgrading their systems to advance with technology, it may be only a matter of time before this company becomes extinct.

Connect with current and past employees through LinkedIn or other business social networks to see how they rate the employer.

Much like a hiring manager calls for references on prospective employees, every job seeker should find out how current and past employees felt about that company.  This can be very insightful, indeed.

Has the company ever failed to make payroll?

This may sound like a “no-brainer,” but this is a situation when you don’t want to walk away – run!

Go with your gut instinct.

If any aspect of a company’s background doesn’t seem right, research to uncover further information.  In the end, every long-term business relationship should be based on facts.

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One Response to “How to Evaluate a Job Opportunity”

  1. Job seeker April 23, 2010 at 3:34 pm #

    Know also the benefits of the company because there are so many employers who do not give benefits which really essential and right of every employees.

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