What Is the Definition of a Job Offer?
The Components that Employers Include in Their Job Offers Are Highlighted
Want a simple definition of a job offer? A job offer is an invitation for a potential employee, whether he or she has applied for a job, or not, to become an employee in your organization. The job offer contains the details of your employment offer.
It generally sketches out the terms and conditions under which the employment is offered to the prospective employee. This includes salary, benefits, job responsibilities, and the reporting manager's name and title. The job offer can also cover the expected work hours and provide additional details that are important for the prospective employee to know.
The verbal job offer also usually includes the employer telling the candidate that the offer includes all of the standard employee benefits that are provided to all employees and that have been reviewed with the prospect during the on-site job interviews.
The employer making the job offer, past the mention of salary and benefits, might also speak about the desired start date. The verbal offer will affirm that the employer thinks the prospect will make an excellent addition to the team. It is the continuation of efforts to make the potential new employee feel valued and wanted from the start of his or her employment.
When extended verbally, the potential employee might immediately accept your job offer or they may make a counter-offer. They may tell you that they need a couple of days to think about your offer, but they will call you back when they have decided whether the offer is acceptable to them.
However your prospect wants to handle the discussion, do set a three-day time limit for a response. If she fails to accept your offer, you will want to restart your employee search while your candidate pool is fresh.
Once the candidate verbally responds to your offer, you will need to decide if you wish to continue the negotiation of his or her counter-offer. If you are too far apart, continued negotiation may not be worth your time.
If the candidate verbally accepts your offer, most employers then follow up with a written job offer that may take the form of a job offer letter or an employment contract.
Contents of a Job Offer
In summary, a job offer typically contains the salary that you are offering for the job, your standard employee benefits, the job title of the position you are offering, the name of the supervisor of the position, and other terms and conditions of employment.
The job offer may be negotiable, depending on the position. Early career to mid-level job offers are not usually very negotiable because the employer has established salary ranges and standard benefits. The employer is not willing to negotiate outside of the parameters of a standard job offer for most positions in part because of the salary levels of current employees. But, a few thousand dollars in starting salary may be available to the candidate who asks.
Factors such as the scarcity of the candidate's skill set, the difficulty the employer has in recruiting employees for the particular position, and the impact of the unfilled position on the organization can have an impact on the employer's willingness to negotiate the job offer.
The prospective employee needs to review the terms stated in the job offer and accept or decline. Usually, the employer has set a time limit on the potential employee's deliberations. The employer expects the potential employee to sign the job offer and return it to Human Resources to accept the job.
The Job Offer Letter
A job offer letter is a document that confirms the details of an offer of employment. The job offer letter includes details such as job description, reporting relationship salary, bonus potential. benefits, vacation allotment, and more. The letter generally confirms the terms the employer and the candidate have agreed to for his employment during negotiations.