Should You Quit Your Job?

The Great WorkQuake, The Great Resignation, or The Great Reset—whatever you want to call it—has up to 41% of workers considering changing careers right now. They have several good reasons to think about leaving. 

To entice new talent, businesses are increasing benefits and compensation due to a robust labor market. Some employees can be tired of the poisonous or unappreciative workplace culture, rigid work schedules, or unequal remuneration at their current employer. Burnout or general discontent with one’s work/life balance may be an issue for some.

But before you write your resignation letter, consider carefully whether leaving is the best course of action for achieving your long-term professional objectives. So the question is, how can you determine whether it would be better for you to stay at your current employer? Here are a few things to consider: 

You already have a sponsor

Abe Breuer founder of VIP To Go states “Although there has been much written about the benefits of mentoring, specialists are aware that sponsoring offers the most value. A sponsor is a person who can attest to your character and knowledge of your job. A sponsor is a person who has standing, clout, and influence inside your company and who will advocate for you when it comes to promotions and pays.”

He adds; “If you are fortunate enough to have a sponsor at this time, you might want to take a chance and double down, work hard, and show your sponsor how dedicated you are to the success of the organization. They will probably put your name up at times of transition when churn is occurring and opportunities become available.”

Unexpected chances might arise through the company you work for 

Candice Moses, owner of Information believes that “Key personnel leaving their employers are causing an organizational restructure. Their departure may present you with an opportunity to assume new roles, form fresh connections, and gain management’s favor.

If you’ve been cultivating the appropriate kinds of contacts, you may take advantage of this opportunity to expand your skill set and benefit the company at the same time. You might land in a new position, whether it’s a fantastic lateral move or a promotion, or you might get the chance to lead or take part in a strategic effort that gives you more visibility.

Many businesses have reviewed their strategic objectives and efforts in light of the pandemic.” 

You aren’t prepared

Max Hauer, owner of GoFlow believes that “It’s great to move on to a new workplace, but it can also upend your entire universe. This is precisely what many people need to advance in their careers. However, you must be prepared for it. Your success in a new position depends on your growth mentality, willingness to learn and listen, and positive attitude. You’ll probably need to be more proactive about adjusting to your new team if you’re starting in a remote or hybrid workplace. Change may be exhausting, so before you make any drastic changes, consider whether it’s the correct time for you and/or the others who depend on you at home.” 

An excellent opportunity to negotiate

Isla Sibanda, owner of Privacy Australia says that “Employees currently have unheard-of power to rationally negotiate wages, working conditions, career development perks like executive education and coaching support, as well as career options and workplace flexibility. 

Use this opportunity to talk openly and professionally with your management about what is achievable and how you can perform your work even better. Maintain a friendly and open tone while coming prepared with information on your performance to make it simple for them to advocate for you. 

Smart businesses prioritize employee retention because they are well aware of the risk and expense of losing talented workers like you. If they are not willing to be flexible at all, then it may be time for you to leave.”

Is there a crisis at your company?

No matter how successful a firm is, there will inevitably be times when things go wrong, morale dips, and employees leave.

A crisis can have a severe impact on the employees of the organization, including depleting cash flows, legal troubles, and plummeting stock values. In addition to the abnormally heavy task, it also brings stress and unpredictability.

Most people appear to agree that, whether you’re senior management or a C-level executive, you seldom have a legal responsibility to remain at a firm during any crisis. You shouldn’t feel bad for leaving, then. No matter how nicely we put it, quitting your organization in the middle of a crisis is the same as abandoning a ship that is sinking.

A chance to advance both personally and professionally arises in situations like these. Your long-term career options will significantly improve if you remain around and assist the business in resolving the situation. Even if things don’t work out, you’ll still gain invaluable knowledge that will be useful in your next position. Consider the pros and cons of this yourself and decide on what you want to do. 

At work, someone is bullying you

The prevalence of workplace bullying in corporate culture is astounding. According to Forbes, bullying affects 75% of workers. Because workplace bullies adhere to organizational policies and sometimes have the implicit agreement of a management figure, their behavior is frequently difficult to spot. In contrast to bullying in schools, this type involves abusive behavior such as threats, intimidation, harassment, and interference at work rather than physical force.

Consider your options carefully before quitting your job due to a bully at work. This won’t address the underlying issue because you could encounter another bully at your future place of employment. Only if bullying is outright forbidden in the working culture can it be eradicated.

If the company you work for does not help eradicate this issue, it might be a good indication to quit.

Heron Nelson

Heron is a business blogger with a focus on personal finance and wealth management. With over 7 years of experience writing about financial topics, Heron has established herself as a trusted voice in the personal finance space. She has a deep understanding of financial concepts and strategies, and is able to explain them in a relatable and actionable way for her readers.