Decided to finally Quit Your Job*, eh? After reading the Top Ten (10) Reasons to Quit Your Job, you want to make your move... but what's next?
If you do decide to quit, remember to:
1. Read Your Employee Handbook.
Know all relevant policies and procedures your company has for quitting.
2. Give two weeks notice.
You're still in the game, so you should follow basic business etiquette. Refer to your Employee Manual to see if the company requires a longer amount of proper time to give your notice. You don't have to - and shouldn't - give more time than necessary.
3. Get paid for any unused benefit time.
Don't forget to confirm the amount of unused sick, vacation, and personal days you have, and receive any un-reimbursed expenses.
4. Ask for a reference.
If you decide to start working again, you'll want your next employer to know that you left on good terms.
5. Don't burn bridges.
Your employer will ask you why you are leaving. Strategically plan out your answer before hand, remembering to stay on good terms with your employer. You may need them for references or networking purposes later.
6. Roll over your 401(k).
Easier to do than it sounds. Open up a Traditional IRA at your favorite discount broker, and do a direct rollover from your employer's 401(k) plan. Have a Roth 401(k) as well? Perform a rollover to a Roth IRA. Just make sure to do it soon - you typically have about 60 days, but don't procrastinate - do it right away.
7. Consider your health insurance options.
Carefully look over your COBRA rights for extended health insurance coverage, and look into individual health insurance plans. http://www.ehealthinsurance.com is a good place to start.
8. Consider starting a small business.
You don't have to work for another employer right away, or in theory, ever again. It can be healthy to take time off and travel. While you are at it, why not consider opening up a small business, and control your own destiny?
9. Enjoy.
* Before quitting any job, carefully consider all factors involved and do not solely rely on blog posts.
If you do decide to quit, remember to:
1. Read Your Employee Handbook.
Know all relevant policies and procedures your company has for quitting.
2. Give two weeks notice.
You're still in the game, so you should follow basic business etiquette. Refer to your Employee Manual to see if the company requires a longer amount of proper time to give your notice. You don't have to - and shouldn't - give more time than necessary.
3. Get paid for any unused benefit time.
Don't forget to confirm the amount of unused sick, vacation, and personal days you have, and receive any un-reimbursed expenses.
4. Ask for a reference.
If you decide to start working again, you'll want your next employer to know that you left on good terms.
5. Don't burn bridges.
Your employer will ask you why you are leaving. Strategically plan out your answer before hand, remembering to stay on good terms with your employer. You may need them for references or networking purposes later.
6. Roll over your 401(k).
Easier to do than it sounds. Open up a Traditional IRA at your favorite discount broker, and do a direct rollover from your employer's 401(k) plan. Have a Roth 401(k) as well? Perform a rollover to a Roth IRA. Just make sure to do it soon - you typically have about 60 days, but don't procrastinate - do it right away.
7. Consider your health insurance options.
Carefully look over your COBRA rights for extended health insurance coverage, and look into individual health insurance plans. http://www.ehealthinsurance.com is a good place to start.
8. Consider starting a small business.
You don't have to work for another employer right away, or in theory, ever again. It can be healthy to take time off and travel. While you are at it, why not consider opening up a small business, and control your own destiny?
9. Enjoy.
* Before quitting any job, carefully consider all factors involved and do not solely rely on blog posts.
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