

Vesting dates-Typically, if your employer makes matching contributions to your 401(k) or other retirement account, that money isn't yours right away-you have to stay employed for a period of time for it to vest.Bonus dates-Employers often have a set policy that determines when a departing employee will or won't still be eligible for a bonus, like a date that you must still be employed through.Once again, consider taking a beat before you finalize your exit plans, as setting your last day strategically might help you maximize your benefits. You've accepted an offer, and you're looking forward to those greener pastures you see up ahead. Consider running the numbers carefully before you make a final decision, or even using the results to give yourself added leverage as you're negotiating. (Read more about evaluating a job offer.)įidelity's job offer evaluator tool can help you better understand how the new job and your current job compare on total compensation (even factoring in differences in the cost of living of different areas). And salary may be only one part of each role's total compensation package, which might also include bonus or stock compensation potential, matching retirement contributions, insurance, or even tuition or childcare assistance. A higher pay number might be misleading if you'd be moving from an employee role to a contractor role, or if you'd be relocating to a more expensive area. Hopefully, it even comes with a nice boost in pay.īefore you get too dazzled by that salary figure, however, pause to think about how the move would affect your finances in total. So you've found a new opportunity that you're feeling pumped about, and you have an offer in hand. A raise, promotion, new role, remote role, or sabbatical might be more in reach than you realize. After all, many employers are having a hard time finding skilled employees right now, and most managers would prefer to hang on to their trusted employees rather than find and train someone new. See if they're willing to work with you to find a way for you to stay (and feel good about staying). Whatever your reasons, consider (respectfully) raising your needs with your current employer. Before you commit to leaving, back up your thinking and spend some time exploring the real reasons why you think you need something new.Īre you feeling undervalued, and looking for a bump in compensation or recognition? Are you feeling bored and in need of a new challenge? Are you dreading going back to the office, and hoping for a new fully remote role? Or are you just feeling burnt out-and in need of a real break from the daily grind? Maybe you're feeling stuck or unhappy in your current position, and you're starting to get serious about making a move. Step 1: Before you make up your mind to leave Here's what you should be considering at different steps in your decision-making process. But before you hit "send" on that resignation letter (or perhaps, even before you make up your mind), take a moment to think through a few financial nuts and bolts of your decision. With the right moves, it can be financially rewarding too.
I QUIT MY JOB PROFESSIONAL
And with the job market still strong, some workers may be in a good position to hop up to the next rung on their professional ladders.Ĭhange can be refreshing and energizing. We can all use a change of scene in our professional lives from time to time. Don't forget to wrap up any outstanding expense reimbursements and spend down any money remaining in a flexible spending account (FSA) before your last day.
I QUIT MY JOB FULL

Consider exploring whether a raise, a new role, or a sabbatical might change the way you feel about your current job.

