To Accept or Not Accept Supporting Students While

To Accept or Not Accept: Supporting Students While They Navigate Job Offers Presented by Renee Carrigan, Career Advisor Debbie Ungson-Walbert, Internship Manager

7 P’s of Job Selection and Satisfaction • People (work culture) • Place (local culture and location) • Position (is it interesting? ) • Pay (the whole picture) • Promotion (advancement opportunities) • Purpose (add value) • Passion (motivation)

STEP 1: Receiving the offer • Be gracious and enthusiastic and thank them for the offer • Do not commit until you receive an offer in writing, either email or hard copy • Do not rush into a decision! • Ask for a timeline on when they need an answer • Research first! • Make sure you know who to call back for more information

STEP 2: Evaluating the offer Do the research thoroughly and put the 7 P’s to use! How much do you need to make? • Determine the minimum to make the offer acceptable • Discretionary (or disposable) income - amount left for spending, investing or saving after taxes and personal necessities (such as food, shelter, and clothing) - from Investopedia. com

Salary calculators & finances http: //www. salary. com/ http: //swz. salary. com/Cost. Of. Living. Wizard/Layout. Scripts/Co ll_Start. aspx http: //money. cnn. com/calculator/pf/cost-of-living/ http: //www. glassdoor. com/Salaries/index. htm

Total Compensation Value • Salary/hourly rate • Medical benefits coverage—include amount paid by employee and employer • Flexible spending account information • Paid leave—include vacation/sick/PTO, holiday, personal, bereavement, military pay, jury duty, etc. • Disability insurance • Life insurance • Employee assistance program • Retirement benefits—include 401(k)/403(b), pension plans, etc. • Educational assistance programs • Relocation expenses - Society for Human Resource Management

Total Compensation Value calculator http: //www. calcxml. com/calculators/total-compensation

The other 6 P’s: People and Place • Talk to people who work in the company about the culture of the organization • Google/visit company website • Talk to folks who live in the area (if relocating) Position and Promotion • Do you like the job responsibilities? • Opportunities for advancement • Over-all career goals • Trade offs ( eg. better health insurance but lower pay) Purpose and Passion • Are you a right fit for the company? • Personal vs Company values

STEPS 3 & 4: The negotiation & company response • Be honest and gracious • Listen carefully to the information given to you • Justify your requests • Be prompt in responding (1 -2 days) • Close the conversation with courtesy

STEP 5: Your Decision If you accept, Congratulations! – you now have a job Now, • Withdrawal from other applicant pools • Honor your commitment Verbal commitment Declining an offer is fine – just do it professionally

Renee Carrigan 438 -5864, rdcarig@ilstu. edu Debbie Ungson-Walbert 438 -0613, dungson@ilstu. edu