Crunch Time: Is it Time to Quit Your Job?

We've all had those work feelings: fed-up, infuriated, bored. Is it time to quit? Can you afford to? Need career advice? Here are some things to consider before handing in your resignation.

Can you afford to quit?

A big consideration when leaving a job is how you’ll afford a change in lifestyle. If you don't have another job lined up, you will need to cover your living expenses until you find another (better) one. You could be lucky and find that dream job tomorrow. Or not. What happens if it takes six months before you find another great role? Before you quit, sit down and write a list of all your expenses. How much money do you need for things like rent or home loan repayments, food, electricity, health insurance and petrol? How much do you need to cover everything for three to six months? What can you do to pull that money together before you quit? Cut down on spending and save more? Sell any used and unwanted items? Develop a plan of action, including a budget and financial plan before you jump. Sticking it to the boss won’t be as enjoyable if you can't afford to eat afterwards.

Work out why you’re quitting

Most businesses don’t want staff to leave – it costs them money in recruiting and training a new employee to get them up to speed. Have a serious think about why you want to leave. Is it your boss, your pay or the hours? In other words, is it something that might be fixed with a little communication? If you think it is, request a meeting with your boss to discuss the issue. If you can put valid reasons on the table as to why you deserve a raise, you might find they are willing to negotiate. They may also be willing to consider more flexible hours, or more training. Having that conversation before resigning could be a good way to avoid costing both yourself and your employer money.

Look before you leap

If there’s no way you can continue with your job, seriously consider sticking with it until you can get a new one lined up. Update your CV and start searching the job boards to see what's out there. Get yourself into a couple of recruiters’ books so they can do the hard work for you. Don't be shy about applying for something you think you'd be great at. If you can convince a new employer that you have what it takes, they may be willing to take a shot on you.

And if the thought of a new job doing the same role doesn't inspire you in the least, it might be time to do a bit of soul searching and look to a career change. There is plenty of free career advice to help you out online – check out myfuture, where you will find career-change tests and advice that could lead to a new and happier you.

Store Locator

With over 150 stores across Australia, we're always here to help. Find your local Cashies today