Quitting a job can be a very scary and exciting move – but here are some things to help set you up for success before you take that big leap. Why Do You Want to Leave? What really makes you want to quit? Does it relate directly to the position your in? If there is […]
Quitting a job can be a very scary and exciting move – but here are some things to help set you up for success before you take that big leap.
Why Do You Want to Leave?
What really makes you want to quit? Does it relate directly to the position your in? If there is a problem pushing you out the door, see if there’s a higher level position that could help you take care of the issue. Would a different position maybe be a better fit for your abilities and needs? Consider looking for a different job within the company. If it’s the overall workplace and moving wouldn’t fix it, then let’s get job hunting!
Wait! Have You Checked the Finances?
You could be walking out only to miss the bonuses coming out next week. Be sure that leaving will not mean leaving money on the table. It may be beneficial to stay a little longer if it is financially beneficial.
Your company retirement is most likely on a vesting schedule. Most 401k accounts will show your total balance, but are all of those funds vested? Take a look at your company’s vesting schedule and any important dates that could mean a bump in income or your retirement. If it’s right around the corner, it may be worth it to stay until the money is 100% yours.
Research While You Wait!
While awaiting your ticket out the door, start researching potential job opportunities! Look at any ideal employers and dive into their workplace reviews. Are the employees happy? Does this job offer what you lack in your current position? Is the company hiring?
Don’t wait to start applying until after you’ve already quit – start sending in your resume! Line up interviews and do your best to find another position before you quit your current one. Do your best to give yourself a cushion if you can – downtime between the two jobs could be exactly what you need if you can afford it! Schedule your start date with this in mind. This could be time to take care of anything that’s lingering, and you may really appreciate it later.
Check Yourself Financially
What can you afford to do? Take some time to review your personal finances so you can see what moves are financially sustainable for you. This is a great example of why emergency funds are so important. Try to have at least 3 months worth of expenses saved so you can be less worried about taking a financial hit while you find a new position. I took 2 years to save to be able to quit the corporate world – my goal was to have 1 or 2 years worth of expenses saved so I could fund myself without needing income. Prior to that I moved to a higher earning position so that I was able to save money to quit. I was leaving because I wanted to build a business, you may not be doing that. You may just need to get the heck out. No judgment, just make sure you’re prepared!
Talk It Through
Talking through decisions with people you trust can be a great way to find new points of view. If you value their opinion or respect the way they make decisions, get a second opinion! They may be able to bring up other things to consider that may save you some struggle later on. It’s your decision at the end of the day so don’t let others words discourage you if you know it’s the right decision for you.