Presentation is loading. Please wait.

Presentation is loading. Please wait.

© 2010 Towers Watson. All rights reserved. Guide to Evaluating a Company (Only you can determine the best fit)

Similar presentations


Presentation on theme: "© 2010 Towers Watson. All rights reserved. Guide to Evaluating a Company (Only you can determine the best fit)"— Presentation transcript:

1 © 2010 Towers Watson. All rights reserved. Guide to Evaluating a Company (Only you can determine the best fit)

2 towerswatson.com © 2010 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. 2 Developing a Company Report Card

3 © 2010 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. towerswatson.com Presentation1 3 Company Report Card Components Cash compensation Employee benefits Nature of the work Work environment Professional development opportunities Work/life balance Employment stability The company’s values

4 © 2010 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. towerswatson.com Presentation1 4 EVALUATING CASH COMPENSATION Base Pay What is the starting salary? What is the near-term pay potential? How frequently is performance reviewed (formal/informal)? How often is pay reviewed (specific dates/random)? Is pay progression driven by individual development? Are salary pay levels driven by well-defined performance goals? — Variable Pay Does the company offer variable pay (bonuses/profit-sharing), if so, at what pay level? What is the targeted variable pay for this position? What was the actual payout for last year? Does the company offer a signing bonus? Does the company offer overtime pay? Overall company Grade A-F

5 © 2010 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. towerswatson.com Presentation1 5 EVALUATING EMPLOYEE BENEFITS Medical date coverage begins amount of employee contribution Dental date coverage begins amount of employee contribution Retirement date eligibility begins defined benefit plan defined contribution amount of company and/or employee contribution Time Off vacation (number of days) holiday (number of days) sick time Other stock options/ESOP’s life/AD&D employee assistance program Overall company Grade A – F

6 © 2010 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. towerswatson.com Presentation1 6 EVALUATING THE NATURE OF THE WORK Nature of the Work What will my position/role be? Does this position fit my career interests? Will this position allow me to apply my education? Will I be challenged? Will the assignments vary? What will my work schedule be? How much travel is required? Overall company Grade A – F

7 © 2010 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. towerswatson.com Presentation1 7 EVALUATING THE WORK ENVIRONMENT Work Environment What is the size of the company? Is it an entrepreneurial or bureaucratic environment? Who will I report to? Does it seem friendly, aggressive, steady or unpredictable? What is the dress code? Are the work areas well organized and pleasant? Will I feel comfortable with my coworkers? Are there opportunities to socialize? Will I be expected to join a union? Overall company Grade A – F

8 © 2010 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. towerswatson.com Presentation1 8 EVALUATING PROFESSIONAL DEVELOPMENT OPPORTUNITIES Professional Development Opportunities Does the company offer structured training for this job? How long is the initial training period? Is the on-the-job training provided by a coaching/mentoring program? Will I need to pass any proficiency tests or attain professional credentials to keep or progress in the job? Is there ongoing training to prepare me for future opportunities? If so, is it: –computer-based training –classroom instruction –professional certification programs/seminars? What level of tuition reimbursement is provided? If so, what is the eligibility, and, are there any restrictions? Is there a documented career path? Is there a formal performance management program? How often will I be reviewed? What opportunities are available for career growth? What will the company do to help me grow and develop in my career, so I can become an asset to the organization? Overall company Grade A – F

9 © 2010 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. towerswatson.com Presentation1 9 EVALUATING WORK-LIFE BALANCE Work-life Balance What is the standard work week? What is the estimated overtime required? Does the job require travel (frequent, minimal, none)? Is the location easily accessible? Is flexible scheduling available? Are dependent care services readily available? Are there shopping locations nearby? Are health club services readily available? Is there a concierge service? Overall company Grade A – F

10 © 2010 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. towerswatson.com Presentation1 10 EVALUATING EMPLOYMENT STABILITY Employment Stability Is the company an industry leader? Is the company reaching its profitability objectives? What is the future outlook of the industry? Is this position essential to the core business? What are the company’s greatest competitive challenges? Has the company gone through recent changes in ownership? How diversified is the business? Has there been a recent history of downsizing? Overall company Grade A – F

11 © 2010 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. towerswatson.com Presentation1 11 EVALUATING THE COMPANY’S VALUES Company Values Is the company committed to workforce diversity at every level? Does the company have a stated, visible commitment to environmental and social issues? Does the company have a code of professional conduct? Does the company have a respect at work policy? Does the company promote from within? Is there a social leave policy? Overall company Grade A – F

12 © 2010 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. towerswatson.com Presentation1 12 COMPANY REPORT CARD Insert the overall company grade and weighting for each component from the prior pages. TOTAL CASH COMPENSATION BENEFITS NATURE OF WORK WORK ENVIRONMENT PROFESSIONAL DEVELOPMENT OPPORTUNITIES WORK-LIFE BALANCE EMPLOYMENT STABILITY THE COMPANY’S VALUES Overall company Grade A – F

13 © 2010 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. towerswatson.com Presentation1 13 RESPONDING TO AN OFFER What’s Ok? Asking for clarification on pay programs and benefit coverage Discussing pay expectations and the offer in a constructive manner Discussing specific start dates and reporting relationships Following up with unresolved questions. What’s Not… Referring to pay offers of other candidates Complaining about the pay or benefits Bringing up major issues for the first time (e.g., relocation needs) Stating ultimatums or demanding guarantees. Staying Focused

14 © 2010 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. towerswatson.com Presentation1 14 RESPONDING TO AN OFFER How to turn down an offer Be open and frank - share your top one or two reasons for selecting the other firm Be professional and don’t burn your bridges Ask to stay in contact – not just with their HR representative, but if possible, with someone you interviewed and liked Don’t let the details of the job offer distract you from your long-term professional goals, and how a company can help you achieve them

15 © 2010 Towers Watson. All rights reserved. Proprietary and Confidential. For Towers Watson and Towers Watson client use only. towerswatson.com Presentation1 15 What’s right for you? Only you can decide!


Download ppt "© 2010 Towers Watson. All rights reserved. Guide to Evaluating a Company (Only you can determine the best fit)"

Similar presentations


Ads by Google