You’ve probably heard of “the Great Resignation” that happened during the pandemic. Recent numbers from the US Bureau of Labor Statistics show the trend continues: about 4.4 million people quit their jobs in February 2022. If you’re getting the itch to join the race to the exits, take a minute to think about these five things you must do before you quit your job.
Save Money
Don’t be seduced by stories of what a competitive job market it is out there right now. Things could change quickly depending on local and global conditions. Create a savings account that will allow you to squirrel away at least three or six months of living expenses before you submit your resignation. Getting a new job that you want will take time, even in a competitive market where employers are straining to fill positions.
Be Clear About Why You’re Leaving
Leaving in a huff is never a good idea. If you’ve had a few bad days, step back and recalibrate. Things might be better next week.
On the other hand, if you’ve been enduring bullying, harassment, or unfair treatment at your current job, you have a good reason to look elsewhere. Being denied a promotion, having responsibilities taken away, or being subjected to intolerable working conditions based on race, sex, national origin, disability, or gender identity is illegal.
If you think you’ve been the victim of this kind of unlawful discrimination, you may want to find a civil rights lawyeror employment attorney to see if you have a case against your current employer.
Check Policy on Unused PTO and Retirement Rollovers
Too many workers who leave jobs also leave money behind. Make sure you understand whether your company will pay you for unused paid time off (PTO).
Also, read up on what happens to your money and your employer’s contributions that are in your retirement account. Usually, there is a rollover provision, so you can roll the money over to another similar retirement account or IRA.
Get a New Job
Even in a hot job market, you should never leave a job before you have your next one lined up. Sneaking around looking for a new job can be stressful, but it’s necessary to ensure you’re all set with a new job offer before turning in your resignation.
Give Notice and Get References
Stay classy in your departure. How you go about quitting a job affects your reputation. Tell your immediate supervisor first, and give at least two weeks’ notice. Also, put your resignation in writing. Ask if you can use your boss as a reference in the future, and get a written letter of recommendation if your supervisor can give you one.
These five things you must do before you quit your job should help you keep your career on track as you pursue a job that will provide greater satisfaction and opportunity for you.
