Spot The Red Flag at Your Next Interview.
Navigating the job market can feel like decoding a mystery, especially for those of us just dipping our toes into the professional pool. Ever found yourself in an interview, nodding along as terms and titles fly by, only to realize you haven't got a clue what you're actually signing up for? You're not alone.
The truth is, understanding the true vibe of a company can be trickier than it seems. Sure, they might have all the bells and whistles – a swanky website, a bustling office, even a ping-pong table – but as they say, looks can be deceiving.
So how can you spot the real deal and avoid getting swept into a less-than-fabulous work environment?
After nearly 30 years in the workplace, and having seen the inside of more than my fair share of UK enterprises, I have become more adept at decoding company culture. So here are my friendly pointers to help you navigate those murky interview waters:
Clear as Mud Job Descriptions: Ever come across a job listing that feels like it's speaking another language? You're not alone. Keep an eye out for descriptions that don't stack up, such as a demand for years of experience for entry-level roles or mix and match duties like a confused menu.
The Digital Footprint: In today's digital age, a company's online presence speaks volumes. If their website feels like it's stuck in the dial-up era or their LinkedIn profile is a ghost town, but at interview they claim to be a 'best in breed' technology company, it might be time to hit the brakes.
Vision, Anyone?: A company without a vision is like a ship without a compass – lost at sea. If they dodge the vision question like a pro, or they seem to be unsure about the vision, it might be time to set sail for calmer waters.
Values or Virtue Signaling?: Diversity, respect, integrity – they're all great, but they're also kind of a given, aren't they? Look for values that feel personal, like they're straight from the heart. Patagonia are a good example of a value based company, as are Salesforce. Not only do these companies have great core value systems, they are backed up by practises and ongoing initiatives that can be traced back. Ergo - not just lipservice!
Concerns, Anyone?: Your questions matter, and if they're met with silence or sidestepping, it's time to raise an eyebrow. Trust your gut instinct on this one. Transparency is key, and if they can't handle a few simple questions, it might be a sign to steer clear.
Take Your Time: A job offer is a bit like a fine wine – it gets better with age. If they're breathing down your neck for an immediate answer, without a reasonable explanantion, it might be time to let it breathe a little longer.
Glassdoor Gossip: Reviews can be a treasure trove of insight, so don't shy away from a little light reading. Glassdoor is one of the more reliable places to find company reviews. If the majority of the reviews paint a less-than-rosy picture or if there's radio silence altogether, it's worth taking note.
Growth Spurts: Small ponds can be cozy, but they're not always the best place to grow. Consider your career goals and whether the company can keep pace with your ambitions. However, it's important to note that while a small company may not offer long-term growth opportunities, it could still be a valuable stepping stone for gaining very specific experience that can enhance your skill set and propel your career forward. Sometimes, spending a couple of years in a smaller pond can provide the foundation you need to leap into bigger waters when the time is right.
Benefits Bonanza: Statutory this, statutory that – it all sounds impressive until you realize it's just the legal bare minimum. Keep an eye out for benefits that go above and beyond the call of duty. Especially for pensions, days off, maternity support and leave. Get up to speed with the workers regulations is a good idea. In the UK, your best start is here: https://www.legislation.gov.uk/uksi/1998/1833/contents/made
Equity Quandaries: Shares can be a tempting offer, but they're not a magic ticket to success. Before you trade salary for stocks, make sure you're crystal clear on what you're getting into. It has become more commonplace for smaller companies to offer lower salaries which are supplmeneted with shares. It is important to recognize that by accepting lower salaries for shares, employees essentially take on the risk/reward equation with limited ability to influence the bottom line. Shares have no value, until they are sold. Until that point, they are simply a promise that a future event will come to fruition.
While there's potential for significant financial rewards if the company succeeds, there's also a risk of the equity becoming worthless if the company fails or underperforms. Understanding the dynamics of equity compensation and the company's growth prospects is essential for making an informed decision about your financial future.
Remember, there's no one-size-fits-all approach to finding the perfect job, but with a little savvy and a lot of heart, you'll find your way. So go forth, dear reader, and may your journey be filled with growth, fulfillment, and just the right amount of office banter.
Cheers to finding your dream job – you've got this! Make it happen. 🚀✨
Authored by: Nadeen Sivic
Date: 2nd May 2024
*****. Please note that while this blog post offers insights and tips, it is not a substitute for personalised financial advice. I am not a financial advisor, so it's essential to consult with a qualified professional before making any significant financial decisions.
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