Career is one of the most important things in the life of most bread earners till they reach their retirement age. Apart from being a source of livelihood, a job also helps you to grow your knowledge base and achieve success professionally. But in the span of a long career, many hop skip and jump jobs for a variety of reasons. While people take this decision in their best interest, sometimes they are in a dilemma. Thus, PersonalFN has listed down things which you must keep in mind before you quit.
 

 

• Carefully evaluate the reasons why you feel like quitting
  
  Sometimes people feel like quitting their jobs because there is too much work pressure or they don't get along with their team members or superiors. If you feel the same, then before you take an extreme step like putting in your papers, first talk to your superiors / reporting managers. It is possible that they might understand your point of view and correct the course by striking amicable solutions.
  
  Sometimes it so happens that people feel their work life is getting too monotonous and thus decide to switch jobs. If you are sailing in the same boat, try to talk to your reporting manager and ask for some different challenging work or a shift in department.
  
  Even if salary is a concern for you, discuss it with the appropriate person in your organisation before resigning, as there is no harm in trying. Don't simply assume that your company won't be receptive and understanding of your problems.
   
• Make sure you have a career plan thought of
  
  If you think that quitting is your only option, then make sure you secure another job offer or make a carefully evaluated strategy of your career plans before you quit. Getting another job of your choice can take a long time and such a long gap can prove to be detrimental to your professional career. Absence of income for a long period may jeopardise your financial goals such as retirement, children's education and marriage etc. and may even prove to be hazardous for your financial health, especially if you have on-going loans.
   
• Ensure that you have a well-built contingency reserve
  
  You might have made a well-researched plan to start a business of your own or might be stepping into your dream job; but it is very important to have a contingency reserve in place before quitting your present job. Having an optimal contingency reserve will help you sail through rough times until you are set in your business or find a dream job. You should have at least 6 to 24 months of your regular expenses (which includes your household expenses, loan instalments, children's tuition fees and so on) in your bank account, depending upon your living standards. This will enable you and your family to cope with daily expenses and medical emergencies in the absence of a stream of income.
   
• Don't leave loose ends
  
  If you have decided to quit, during your notice period, make sure you finish all the work that was assigned to you earlier with complete dedication and the handover is smooth. Be thoroughly professional, yet keep up with your morality. Maintain healthy relations with your colleagues and superiors. It will be good to ask them to contact you even after you have left; in case they have any work related queries. Leaving on a good note will not only make you feel satisfied, but also help you obtain favourable recommendations that you might need in the future from your previous work place.
   

PersonalFN is of the view that quitting a job is a very important decision which can leave an impact on your personal finances and hence you must think through carefully before taking this call. All of your and your family's financial goals are directly related to your earning capacity and your career. Any wrong decision on this front can result in compromising on your professional success and life's important financial objectives. Thus, make sure whatever decision you take, is in your and your loved ones' long term financial wellbeing.

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