It’s Okay to Quit Your Job—But You Need to Have a Plan

By Caleb Yen on Tuesday, November 26, 2019

Nearly half (49%) of employees are unsatisfied with their jobs. It could be due to a bad boss, lack of work/life balance, or simply that they don’t enjoy the work they do.

If any of that sounds familiar, it might be time to quit your job. But that means the uncertainty of a new job, a change in pay, and plenty of other complications. A solid plan is one way to cut down on those concerns.

First things first: start looking for a job now, while you’re still employed. Traditional wisdom dictates that it’s easier to find a job when you’re already employed, and research backs it up. As noted by Quartz, Columbia University economists and the Federal Reserve Banks of Chicago and New York studied the job-seeking activities of 2,900 people, aged 18 to 64, and discovered that:

Employed individuals were both more likely to get contacted by potential employers and receive referrals from their contacts.

Employer response rate to people with jobs was four times higher than that of unemployed applicants.

Employed people received two times the amount of interviews and three times as many offers per application.

Now that you’re looking for a job, it’s important to make a list of the pros and cons of your current position. What do you like and dislike? Both in terms of responsibilities, company culture, and any benefits your employer offers (or lacks). Feel free to be candid with everything you dislike about your job, too. Once your list is done, you’ll have a much better idea of the type of job you want to accept moving forward.

Next is the most important part of having a quitting plan—setting your “exit by” date. If you don’t set a date in advance, you might end up staying at the company for months or even years. Ask yourself how long you can stay at this job without sacrificing your mental health and work backwards from that date to set mini-goals and deadlines. For instance, number of applications filled per day, networking events attended, etc.

And there you have it! Now that you’ve planned everything out, you’re ready to quit. Ideally, you’ll know what you want and have plenty of job offers by your quit date.

Related posts

Logo of the U.S. Small Business Administration: "SBA" in large blue letters with a red and blue border on the left, and "U.S. Small Business Administration" written in blue text on the right, representing North Florida's commitment for Fiscal Year 2024.

SBA Announces New $50 Million Grant Opportunity to Support Made in America Manufacturing

Reading Time: 3:26 min

SBA Announces New $50 Million Grant Opportunity to Support Made in America Manufacturing Source:  Small Business Administration Press Release        WASHINGTON – Today, the U.S. Small Business Administration (SBA) announced a…

View post
The image displays the Edward Jones logo with the name "Edward Jones" in bold, black, serif font on a white background, evoking smart moves in financial decisions.

FINANCIAL FOCUS® – Four reasons a 529 plan might make sense for your family

Reading Time: 3:16 min

FINANCIAL FOCUS® – Four reasons a 529 plan might make sense for your family This article was written by Edward Jones for use by Janet Marshall your local Edward Jones…

View post
A woman with long dark hair, wearing a white blazer and a pink blouse, smiles at the camera in front of a neutral background—an advocate for raising confident kids through financial education.

Risks threatening Gen Z’s retirement

Reading Time: 2:47 min

FINANCIAL FOCUS® – Risks threatening Gen Z’s retirement — and how to tackle them This article was written by Edward Jones for use by Janet Marshall your local Edward Jones…

View post