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Five Factors To Consider Before Leaving Your Job
Five Factors To Consider Before Leaving Your Job

Five Things to Consider Before Leaving a Job

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There are many reasons to consider leaving your job, such as more money, better growth opportunities and greater job satisfaction. But before you find another job and turn in your notice, there are a few questions you should ask yourself:

• How long until you’re fully vested? If you’re close to being fully vested in your retirement plans, it could be a good idea to postpone leaving until you reach that point. That way, you can hold onto your employer’s contributions rather than giving them up.

• What’s the real reason you want to leave? Sometimes, we tell ourselves that we want a new job for one reason, but on a subconscious level we really aren’t happy about something different. It’s important that you take the time to really analyze why you want to leave and make sure that switching jobs solves your underlying issues. If you tell yourself you want to leave because you don’t earn enough money, but on a subconscious level you just aren’t happy doing the work you do, then a new job with higher pay isn’t going to solve that problem.

• Are there any opportunities at your current job that you haven’t explored? It’s a good idea to take advantage of as many opportunities as you can with your current employer before leaving and re-establishing yourself with another. Consider education, cross-training and supervisor training opportunities.

• How will benefits stack up? As we discussed last week, job benefits can give you a very meaningful reason to choose one particular employer. Before you decide to find a new job, find out whether other companies in your industry (or the industry you plan to transition to) have comparable benefits.

• Can you get a bonus for unused vacation and sick time? If you have unused vacation and sick time, you need to plan ahead to get the most you can out of those benefits. If your employer doesn’t pay those out when you leave, you might want to start requesting some vacation days before you put in your notice.

Switching jobs can be good for the soul and the pocketbook, but it’s important that you try to make the decision objectively before giving in to your emotions and making a move that’s permanent.

#askyourself #switchingjobs #realtalk #objectivedecisions

Author: Dennis M. Postema
Video Production: Adam Grillot

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About Dennis M. Postema

Dennis M. Postema, RFC, is a successful entrepreneur, best-selling author, coach, speaker and registered financial consultant. He is the founder of MotivationandSuccess.com, StoriesofPerseverance.org, FinancingYourLife.com and TheRetirementInstitute.org.

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