How to Conduct Your Job Offer Due Diligence

Posted by Kenrick Chatman at 16th August, 2010

duediligence 150x100 How to Conduct Your Job Offer Due Diligence

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I have met several job seekers who landed successfully and returned to the job search a few weeks or months later. Most of these individuals were devastated and blindsided. In today’s competitive market, it is important that you make sure (when feasible) that the offers you receive are solid. Below are a few techniques you can use to conduct this analysis.

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I. Conduct external and internal research:

View the companies’ websites, financial statements, and search engine results. You want to make sure these companies are financially sound and will remain a “going concern” in both the short- and long-term. This is fairly easy to do if these companies are public. If you receive offers from private companies, you could ask these companies about their financial targets and results, threats and opportunities, and short- and long-term strategies.

Also use your contacts to identify individuals who currently and previously worked at these companies. Afterwards, ask these individuals about their experiences, the companies’ stability, and any other relevant questions. For instance, you could ask current employees how long the previous person you are replacing stayed in the position including the reason why he or she left.

II. Utilize company review sites:

Another powerful external research site, is Glassdoor.com. You can register for free, write a review for a previous employer, and provide salary information for a previous position. Afterwards, you will gain access to company and salary reviews. Most importantly, make sure you use this site to lookup potential, future employers.

Category : Career
  • Cuprod

    Good info! If your offer is a not-for profit assn or organization, then the financial info should be in its
    a) annual report (1. check if this is from an audited report or not; 2. pay attention to any notes re extensive liabilities or legal fees. A management letter accompanying the audit could reference insufficient controls to meet nationwide standards), and
    b) annual federal reports for not-for-profits [various IRS 501(c) categories for health, education, culture, trade, etc.]. Form 990s are available to the public no charge, online from various sites including http://tfcny.fdncenter.org/990s/990search/esearch.php). In addition to I+E data, a 990 lists compensation of the five highest paid staff, providing a guestimate for other salary ranges.

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