Things You Need to Check Before Quitting Your Job!

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Highlights Worried too much about leaving your current job? Don't worry, we have your back. Read this piece to know what are the things you should keep a check on before quitting your job!

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By Samyati Mohanty

Are you considering leaving your job  immediately? Or do you know someone going through a similar ordeal? Then, take a minute to pause and consider if you or your friend are truly prepared for all possible job-leaving scenarios.

What if you are unable to control your spending and find it much more difficult to handle your emotional situation? Yes, it is likely that there are further questions on your mind. There will be a tonne of other issues that will worry you constantly. We therefore have a few suggestions for you to consider in order to reduce the pressure and know exactly what you would need before and throughout the termination procedure. Read it out loud and let us know your thoughts.

workplace

A) Before Resigning Your Job

1) Prepare Your Next Step: Before you decide to leave the boat, make a strategy for what you'll do next.

  • Have you secured a new position yet?
  • Have you been offered a job and received a start date, salary, and benefits guarantee?
  • If not, how long can you maintain your current lifestyle if a new job doesn't materialise straight away?

Before quitting your current employment, you should ask yourself those questions. As a result, make sure you have responses for each one.

2) Rework Your Budget / Assess Your Financial Situation: A change in employment is typically followed by a change in pay. Your needs, such as transportation, food, healthcare, and housing, should be taken into account in your worst-case scenario budget. Make a monthly budget if you don't already have one or if your new work will pay less than your current salary. If you anticipate being unemployed for a while, calculate how long your funds will last.

3) Increase Your Emergency Fund: Three to six months' worth of costs should generally be saved up in an emergency fund. It never hurts to save even more money if you intend to leave one job without finding another.

Rework Your Budget

B) Between Submission of Resignation and Last days.

a) For Your Organisation

1) Create a transition strategy.

Making a transition plan is essential to making sure you can finish everything before you depart. It doesn't have to be elaborate, particularly if you don't enjoy planning, but I would suggest including at least the following information:

Who will be responsible for each of your duties and initiatives going forward. No matter how insignificant it may seem, don't leave anything out!

The dates on which each of your jobs and projects will transfer to its new owner. All of these adjustments should ideally take place at least a week before you depart, giving you some breathing room.

What particular actions you intend to take, and how long you anticipate they will take, before leaving your company. Be sure not to overlook administrative procedures like filing final papers.

This will help you make sure you have enough time to finish everything, and your manager will undoubtedly thank you for organising it.

2. Compile a List of Your Work Activities:

Each month, keep a running list of your assignments so you can record them as precisely as you can.

Give your manager a copy of the list, and offer to go over it with everyone who needs to be informed.

3. Facilitate a Smooth Transition: Meet with your manager and express your willingness to do anything you can to fill the vacuum left by your departure. Offer to assist with the training of the individual who will perform your job.

Get advice from your boss on the priorities for your last few days. When references are checked in the future, they will be reminded of your professionalism during the time you still have left.

Facilitate a Smooth Transition

b) For Yourself :

  1. Maintaining an updated CV and LinkedIn profile: will allow you to start looking for a job as soon as the necessity or opportunity arises. When you move jobs and the information is still fresh in your mind, updating these documents is simpler.
  2. Write a few suggestions: Write LinkedIn recommendations for your boss, your coworkers, and other important people. It will enable you to obtain some of your own recommendations, and people enjoy getting them.
  3. Obtain Some References or Recommendations: While impressions are still fresh and your leverage is still in effect, request LinkedIn recommendations from superiors, clients, employees, subordinates, suppliers, and coworkers. Review these advice before requesting a reference for work.
  4. Save Work Samples: Send some non-proprietary samples of your work and documents to your personal email or home computer so they can be used for future employment. Ensure you have the contact details of the coworkers with whom you want to maintain contact. Be sure to obtain this information before submitting your resignation because some companies will take you to your workplace to box up personal belongings and will cut off your internet access when you let them know you're leaving.
  5. Remember to Be Humble: Resist the urge to overly rejoice with coworkers about your success in getting a new job. You'll just enrage your coworkers and soon-to-be-former employer.
  6. Say "Thank You" to everyone who has assisted you in performing your job well. Your kindness and humility will be cherished. At any farewell celebrations, single out certain individuals and convey your gratitude for their assistance. Spend some time writing a farewell note to your coworkers.
  7. Always be kind and nice: Don't disparage the personnel or management. People remember criticism for a very long time, and you never know when prospective employers will ask you about your performance. It serves no purpose to express your dislike for your employer or your supervisor.
  8. Secure details regarding your eligibility for other benefits, such as compensation for earned leave, continuation of your health insurance, and other advantages. If you quit your employment, you might be entitled to employee benefits. For instance, in India, you might be qualified for insurance, ESOPs, gratuities, and any collected bonuses. Before you submit your resignation, it's a good idea to learn more about your legal rights.
  9. Choose a Health Insurance Plan: An other choice should be investigated before the deadline to ensure that you are protected by insurance because your coverage may expire after you depart.
  10. When Will You Receive Your Final Paycheck? When you quit your employment, be careful to be aware of the date of your final paycheck. Never expect that your cheque will arrive on the day of your scheduled direct deposit. You might get compensated following a Full and Final settlement, depending on corporate policy.
  11. Verify any unused time off, earned time off, rewards, or penalties: You might be eligible for the reimbursement of earned leaves or any recovery HR makes due to a short notice period (in such circumstances, you can ask HR or your line manager to waive the penalty). To learn what might be owed to you, make sure to speak with the human resources department of your workplace.
  12. Record: You will lose access to all work-related information as soon as you leave your company, including email, documents, servers, professional development resources, and more. Therefore, be sure to allot adequate time to archive everything that is significant to you. In order to avoid being locked out of any crucial systems after leaving your job, you should review all of the accounts that are connected to your work email address and alter their passwords.

goodbyes

What items are on your resignation check list? Tell us in the comments.

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How to Assess Your Financial Situation?
A change in employment is typically followed by a change in pay. Your needs, such as transportation, food, healthcare, and housing, should be taken into account in your worst-case scenario budget. Make a monthly budget if you don't already have one or if your new work will pay less than your current salary. If you anticipate being unemployed for a while, calculate how long your funds will last.
How much should you save in your emergency fund?
Three to six months' worth of costs should generally be saved up in an emergency fund. It never hurts to save even more money if you intend to leave one job without finding another
How to obtain recommendations and references?
While impressions are still fresh and your leverage is still in effect, request LinkedIn recommendations from superiors, clients, employees, subordinates, suppliers, and coworkers. Review these advice before requesting a reference for work