What You Need to Know Before You Quit
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by Roberta Chinsky Matuson
Have you ever said the words "I quit" and wished you could take them back? Before blurting them out again, carefully think through your job situation and how these words might affect your future. Consider these factors and suggestions.
Financial Risks and Timing
Quitting at the wrong time can directly affect your wallet. For instance, if you resign from your position during the holiday season, think about the lost money, advises Delores Hamilton, a director of human resources. "Most employers give as much paid time off over the holidays as possible, and therefore, there are usually ample opportunities for overtime."
Hamilton reminds employees that it's always easier to find a job when you have a job. "It's much more difficult to find a job when you are unemployed, because there will be many questions around the reasons for unemployment," she says.
Moreover, consider unemployment benefits: Your eligibility for unemployment insurance may be at risk if you voluntarily quit your job.
Job Stability Counts
You should also mind your track record. Scott Rothwell, general manager for Doubletree Guest Suites Hotel, believes it is important to look at your personal marketability before quitting your present job. "The first thing I look at on a CV or job application is job stability," says Rothwell. "Job jumpers are rarely good candidates for consideration."
